Capital Markets: Acision raises $100M; Arrow to acquire Richardson RFPD; and more

Acision said it secured $100 million in new funding led by existing shareholders Access Industries, International Investment and Underwriting, and Atlantic Bridge. The company said it will use the funding to build on its position in the mobile data market.
Following an announcement that Intel Corp. and KT have agreed to collaborate to accelerate adoption of WIBRO-branded services based on WiMAX technology in South Korea, Intel Capital made a $20 million investment in WIBRO Infra Co. Ltd.. WIC is a joint venture of KT, Samsung and KBIC. The investment will bolster WIC’s wireless broadband infrastructure buildout for KT.
Mobile banking and payments company ClairMail Inc. said it raised $13.8 million in late stage funding. The round was led by Investor Growth Capital, with contributions from JAFCO Ventures, Norwest Venture Partners and Outlook Ventures. The company said it will use the funding to grow its technology infrastructure and service capabilities.
Arrow Electronics Inc. signed a definitive agreement to acquire all the assets and operations of Richardson Electronics Ltd.‘s RF, Wireless and Power division. Richardson RFPD provides engineered solutions for the wireless market. The company will become a separate operating unit of Arrow Electronics. Terms of the transaction, which is expected to close early next year, were not disclosed.
Leap Wireless International Inc. and Pocket Communications formed a joint venture managed and controlled by Leap that provides Cricket-branded mobile service to customers in the South Texas region. The agreement to form the joint venture was announced in February. The joint venture acquired the wireless licenses and operating assets of both Pocket and Cricket for the region. Leap owns about 76% of the joint venture with Pocket holding the remaining 24%. In addition, Leap purchased some of Pocket’s South Texas assets for about $38 million in cash. The company contributed those assets to the joint venture.
Tessco Technologies Inc. said preliminary results for its second fiscal quarter indicate revenues will come in between $165 million and $170 million for the quarter. Earnings per share are expected to be between 42 cents and 47 cents per share. The quarter ended Sept. 26 and final results are scheduled to be released Oct. 13. Tessco also announced a quarterly dividend of 10 cents per common share that will be payable in cash on Nov. 24 to shareholders of record on Nov. 10.