Nexit Ventures Invests in User Interface Technology
From: PR Newswire
Nexit Ventures, a mobile venture capital firm focused on wireless technologies and services, announced an investment in Rightware, a developer of advanced user interface technologies and solutions for mobile phone and embedded applications.
Nexit is the co-lead investor in the 3 MEUR round with Inventure, a Helsinki-based early stage investor with a Nordic focus. Rightware is a spin-off from Futuremark, a leading developer of 3D graphics benchmarking software, UI solutions, and graphics intensive online games.
With the new funding, Rightware will accelerate development and marketing of the Kanzi(TM) user interface solution for mobile phones and embedded applications as well as device performance measurement products and services for mobile and embedded industries.
Kanzi enables manufacturers of mobile phones and automotive display & infotainment systems to create richer and more intuitive user interfaces in radically less time than it takes with conventional tools and methods. Kanzi has already been adopted by some of the top names in the mobile phone and automotive industries – Rightware customers include leading brands such as Audi, China Mobile, Texas Instruments, and Imagination Technologies.
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Siano Gears Up for Steep Growth: Raises $24M in Round D Funding
From: PR Newswire
Siano Mobile Silicon, the leading supplier of mobile digital TV receiver chips, announced the completion of a $23.5M fourth round of funding.
The round consists exclusively of all of Siano’s existing investors: JVP, DFJ-Tamir-Fishman, Star Ventures, Walden Israel, and Bessemer Venture Partners.
Founded in late 2004, Siano develops and markets semiconductor chips for reception of digital TV on mobile, portable and hand-held devices. Pioneers of the multi-standard approach, Siano’s highly integrated silicon receiver chips enable high-performance, fast time-to-market mobile TV in emerging markets such as China, Brazil and Europe.
“Coming out of the global financial crisis around mid 2009, it was clear that the mobile DTV market has shifted gear,” said Erel Margalit, Chairman of Siano and Managing Partner of JVP. “From China and Brazil to Russia and Korea, the demand for Siano’s products has risen at a phenomenal rate, and the investors are happy to provide the company with the proper financial instruments to maximize its growth. Given its proven technology leadership and management skills, we view Siano as a company well capable of becoming a leading semiconductor supplier in the global wireless and media markets,” added Margalit.
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SplashData Acquires Iambic, Bringing Together Two Leading Mobile App Developers
From: TMC News
At the Consumer Electronics Show (CES), smartphone application developer SplashData, Inc. announced the acquisition of Iambic, Inc., a pioneer in the development of mobile productivity software. SplashData’s acquisition of Iambic combines the resources of two of the most respected and established developers of mobile productivity software.
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Motorola buys DRM vendor SecureM
From: CED Magazine
Motorola has struck a deal to buy SecureM, which is a developer of software-based digital rights management and security systems for IP video distribution and management. While financial terms of the agreement weren’t available, Motorola said the deal would close in the first quarter of this year once it passed the customary closing conditions. Once the deal is finalized, SecureM, which operators under the name of SecureMedia, will become a part of Motorola’s Home & Network Mobility division.
In November, The Wall Street Journal reported that Motorola was trying to sell the Home & Network Mobility division for $4.5 billion, with J.P Morgan Chase and Goldman Sachs Group serving as advisers.
SecureMedia develops and markets software systems for securing the distribution of digital entertainment over multiple platforms to multiple devices, including set-top boxes, wireless handsets, PCs and portable entertainment devices. SecureMedia’s Encryptonite One system supplies end-to-end security for content in managed IP, mobile, over-the-top and hybrid environments. With this acquisition, Motorola will be able to offer both stand-alone and integrated software security solutions to IP video customers.
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