Smaato, mobile ad optimizer and mobile advertising company, announced the closing of a new institutional round of funding. Singapore’s EDBI led the $7 million round, with participation from existing shareholders including global private-equity firm Aeris Capitlal. The new funds will help fuel Smaato’s international expansion, in particular to extend its presence in Asia from its Asian headquarters in Singapore.
The Tellabs board of directors declared a regular quarterly dividend of 2 cents per share. The cash dividend is payable on Feb. 25 to shareholders of record as of the close of business on Feb. 11.
Motricity, mobile data solutions provider, announced it has signed an agreement to acquire Adenyo, a mobile marketing, advertising and analytics solutions provider with operations in the United States, Canada and France. Adenyo enables enterprises, brands, media companies, advertising agencies and mobile operators to directly engage consumers throughthe delivery of highly targeted mobile marketing and advertising campaigns. The acquisition of Adenyo, Inc. will be made for initial consideration of $100 million (subject to certain adjustments for working capital and indebtedness), consisting of cash, expected to be paid out of cash-on-hand, and shares of Motricity’s common stock.
Sunrise Telecom posted its unaudited financial results for the quarter ended Dec.31, 2010. Sunrise Telecom reported revenue of $13.2 million for the quarter, compared to $13.7 million for the fourth quarter of 2009. EBITDA for the quarter was $2.1 million, up significantly from $0.9 million in the fourth quarter of 2009. Operating costs declined to $6.4 million, from $6.9 million for the fourth quarter of 2009. Fourth quarter net profit was $1.4 million, or $0.03 per share, up significantly from $0.4 million, or $0.01 per share, in the fourth quarter of 2009. In 2010, the company generated positive EBITDA of $2.0 million and positive net income of $0.2 million, marking 2010 the first profitable year since 2006. During the quarter, the company also bought back 50,000 shares of its common stock in open market transactions.
Brightpoint Inc., a provider of supply chain solutions to the wireless industry, announced its financial results for the fourth quarter ended Dec. 31, 2010. Revenue was $1.1 billion for the fourth quarter of 2010, an increase of 24% compared to the fourth quarter of 2009 and an increase of 26% compared to the third quarter of 2010.
