MOUNTAIN VIEW, Calif.-AirTight Networks, a security provider for Wi-Fi networks, said it closed on a second round of financing worth $12 million. The round raises the total amount of capital invested in AirTight to $22.5 million.Trident Capital led the latest round of funding, and...
NEW YORK-Casual game publisher Oberon Media said it acquired mobile multiplayer technology developer Cmate S.A. Terms of the deal were not disclosed.Cmate's mobile game portfolio includes more than 60 titles including poker offerings, parlor games and bowling. The company also powers the connected multiplayer...
NEW YORK-Direct-to-consumer wireless content provider Thumbplay Inc. said it raised $7.5 million in second-round funding to go along with an undisclosed amount of first round funding. Thumbplay said it will use the new funds to expand its content business.SoftBank Capital led the latest round,...
BOULDER, Colo.-SpectraLink Corp., which provides workplace wireless telephone services, said it plans to acquire Kirk Telecom, a Denmark-based company that provides on-site wireless communications products.Terms of the definitive agreement call for SpectraLink to pay $61.3 million in cash to acquire all of Kirk's stock....
The following list includes ratings changes and financial information for wireless companies announced this week by investment-banking and financial-services firms.CarriersRBC Capital Markets tweaked its 2006 forecasts for Sprint Nextel to account for its planned acquisition of Alamosa Holdings. The firm now estimates revenues of...
SHENZEN, China-Wireless handset designer Cellon International said it raised an undisclosed amount in a Series D round of financing.TVG Capital Partners led the round, joining existing Cellon investors Intel Communication Fund, Softbank China, SuneVision Ventures, UTStarcom and Elcoteq Network Corp. Cellon provides design and...
SAN DIEGO-Chipmakers Qualcomm Inc. and Texas Instruments Inc. both raised revenue forecasts based on improving sales, news that could translate into an improved market for the worldwide mobile phone industry.First up, Qualcomm raised its revenue expectations and earnings per share forecasts for its first...
NEW YORK-Comverse Technology Inc. reported increases in sales and income for the third quarter.The company reported sales of $299 million for the period, up 21.8 percent from sales of $245 million during the same quarter last year. For the nine-month period, Comverse reported sales...
SAN FRANCISCO, Calif.-Mobile virtual network enabler Visage Mobile accumulated $30 million in Series D funding, bringing the total capital raised by the company to more than $80 million. Visage said it plans to use the new funding to expand its platform capabilities that enable...
CAMBRIDGE, Mass.-Mobile search technology provider JumpTap Inc. snared $21 million in its latest round of financing.New investor Redpoint Ventures joined existing backers General Catalyst Partners and BCE Capital. JumpTap said it will use the cash to fuel product development, increase staff and expand its...
CHELMSFORD, Mass.-Operating system company SavaJe Technologies raised $40 million in equity financing, which the company said it plans to use to enhance its sales and marketing efforts.Investcorp's Technology Ventures Fund II led the round, while existing investors VantagePoint Venture Partners, Ridgewood Capital, RRE Ventures...
PARIS-Alcatel Corp. said it bought a minority stake in broadband solutions developer 2Wire Inc., a move that puts the company into the coveted home-gateway arena. "2Wire has extended the carrier's network directly into the subscriber's home with our home network solutions," said Brian Hinman,...
HOUSTON-Crown Castle International Corp. announced plans to redeem $200 million in convertible preferred stock held by an affiliate of General Electric Co.Under terms of the agreement, CCI's revolving credit facility has been bolstered to $325 million from $275 million. The company said it plans...
KING OF PRUSSIA, Pa.-InterDigital Communications Corp. said it expects to report fourth-quarter revenues in line with most analyst expectations. Investors seemed unmoved by the news, sending the company's stock down slightly to $19.35 per share.InterDigital, which licenses technology to handset makers and others, said...
NEW YORK-SBC Communications Inc. conversion to the AT&T Inc. brand name came to a conclusion as the company swapped its former "SBC" stock ticker symbol for the former AT&T Corp.'s "T" symbol.AT&T's stock was up slightly in trading after the announcement to $25.26 per...
NEW YORK-Wireless Venture Partners Inc., a national wireless retailer based in Las Vegas, said it has closed $10 million in series A financing. The round was led by The Greenspun Corp. and Catalyst Investors L.P.The company said it plans to use the financing to...
SAN DIEGO-InfoSonics Corp. said Monday it had increased its revolving credit line with Wells Fargo HSBC Trade Bank to the maximum of $25 million. InfoSonics is a handset distributor in the U.S. and Latin America.
New York-Crain Communications Inc., which publishes RCR Wireless News, plans to launch "FinancialWeek," a high-frequency newspaper to satisfy the growing information needs of corporate finance executives. FinancialWeek will begin with a pilot issue on June 5, and will publish every other Monday beginning in...
WASHINGTON-Korean content provider WiderThan Co. expects to net more than $50 million with its planned initial public offering, according to documents filed with the Securities and Exchange Commission earlier this month. WiderThan, which sells ringtones, ring-back tones, games and other content, will issue 6...
LONDON-Mobile entertainment publisher Telcogames Ltd. said it has acquired Magic Productions Ltd., a Paris-based developer of games for smart phones running Symbian- and Microsoft Corp. Windows-powered smart phones. Terms of the deal were not disclosed.In addition to broadening its portfolio of titles, Telcogames said...
WATERLOO, Ontario-BlackBerry investors were forced to tighten their seatbelts again as the company lowered its subscriber forecasts due to product delays. The news sent BlackBerry maker Research In Motion Ltd.'s stock down more than 4 percent in trading to $64.24 per share. RIM said...
FORT LEE, N.J.-SkyZone Entertainment Inc. fattened its wallet with a $13.5 million investment from sister company SK C&C, the mobile entertainment publisher announced. SkyZone offers mobile Web portals, games and ringtones, and holds licenses for franchises including Duke Nukem, Rocky and Stargate SG-1. SK...
WATERLOO, Ontario-BlackBerry investors were forced to tighten their seatbelts again as the company lowered its subscriber forecasts due to product delays. The news sent BlackBerry maker Research In Motion Ltd.'s stock down more than 4 percent in trading to $64.24 per share.RIM said its...
LONDON-Mobile entertainment publisher Telcogames Ltd. said it has acquired Magic Productions Ltd., a Paris-based developer of games for smart phones running Symbian- and Microsoft Corp. Windows-powered smart phones. Terms of the deal were not disclosed.In addition to broadening its portfolio of titles, Telcogames said...
