SEATTLE-Mobile gaming company Reaxion Corp. announced it scored $2 million in its first round of funding from i-Hatch Ventures. Reaxion said it will use the money to round out its products for next year and to expand its distribution internationally."Reaxion is on track to...
SAN JOSE, Calif.-In-building wireless solutions company LGC Wireless Inc. said it completed the second close of its series B-1 equity financing in the amount of $2 million.The total raised in the round is $13 million. GunnAllen Venture Partners was a major new investor in...
BURNABY, British Columbia-WebTech Wireless Inc. said it has issued nearly 5.1 million common shares for total proceeds of $3.7 million pursuant to the exercise of share purchase warrants.The warrants originated from a 2004 private placement and entitled holders to acquire up to 5.5 million...
WAYNE, Pa.-Traffic information vendor Traffic.com Inc. announced plans to raise up to $86 million in an initial public offering. The company sells traffic information to radio and TV stations as well as online and wireless portals."Increased advertising on the Internet and on wireless devices...
SAN DIEGO-Remec Inc.'s shareholders approved the dissolution of the company, scheduling the company's asset sale for Friday.Remec's shareholders approved the sale of selected assets and liabilities of the company's Wireless Systems Business to Powerwave Technologies Inc. pursuant to an agreement dated March 12. Upon...
TOULOUSE, France-Mobile-messaging services companies Atchik and Realtime announced a merger between the two companies.Atchik is a 6-year-old French company that provides white-label mobile services, including chat forums, dating services, games, information, and photo and video applications, to telecom operators and Internet service providers. Denmark-based...
NEW YORK-Lucent Technologies Inc. said it received a $901 million tax refund from the Internal Revenue Service Tuesday. The payment included a refund of $816 million plus interest of $86 million. The refund was part of a previously announced agreement between Lucent and the...
MINNEAPOLIS-ADC Telecommunications Inc. released its fiscal third-quarter results Tuesday, reporting net income of $23.9 million, or 20 cents per, a considerable increase from last year's third-quarter net loss of $14.3 million, or 12 cents per share.However, the company's outlook fell short of Wall Street...
HOUSTON-Mobile-software company Vuico Inc. said it closed a preferred equity investment led by Aegis Capital through its Aegis Texas Ventures Fund. The company's mobile marketing and messaging offerings include the mMarketer, mSecretary and Vuico Go Wireless products and services.Vuico said it will use the...
SCHAUMBURG, Ill.-Motorola Inc. announced cash tender offers for up to $1 billion of certain of its outstanding debt.The company said the offer included all the $200 million aggregate principal amount outstanding of its 6.5-percent notes due in 2008 and all $325 million aggregate principal...
SCOTTSDALE, Ariz.-Destinator Technologies Inc. marked its entry into the North American market this week, opening its U.S. headquarters in Scottsdale, Ariz. The expansion coincides with the company raising $9 million in its B round of funding, bringing the total amount of capital raised to...
SAN FRANCISCO-Granite Ventures said it closed Granite Ventures II, a $350 million venture-capital fund that will focus on early-stage communications and software companies, including wireless firms.Granite's total capital under management is more than $1 billion, it said.
Following is a list of public wireless companies that have had ratings changes and investment notes from investment-banking and financial firms this week.
KING OF PRUSSIA, Pa.-InterDigital Communications Corp. said it now expects to post third-quarter revenues below some analysts' expectations, news that sent the company's stock down slightly to $17.64 per share."Today's guidance excludes the positive impact of any additional licensees that we expect to announce...
CALGARY, Alberta-Grayling Wireless USA Inc. signed a deal with Metaform Venture Corp., to purchase Edmonton, Alberta-based Sentai Software's North American operations.Sentai Software provides distribution and financial solutions to businesses, using Internet, wireless, and local and wide area network environments to enable companies to manage...
NEW YORK-Rave Wireless Inc. said it raised $5 million in venture capital funding from Bain Capital Ventures and Sigma Partners.Rave focuses on location-based information services targeted at young people.
TYLER, Texas-Teletouch Communications Inc. announced it will get out of the paging business to focus on its global positioning system tracking, telematics and homeland-security services. The carrier said it will sell its paging business to a group of private Texas investors for $5.2 million....
Investors cheered a report that predicted chipmaker RF Micro Devices Inc. is scoring additional business with the likes of Motorola Inc. and Nokia Corp. and that the company likely would exceed its expectations for the coming quarter.RF Micro Devices' stock was up almost 8...
Time Warner Inc. is the latest media giant to join the stampede to the "third screen" with a $7.5 million investment in wireless game maker Glu Mobile. The stake was part of a $27.5 million haul in Series D financing for Glu (formerly Sorrent...
Investors continued to get behind nascent WiMAX technology, with two service providers announcing successful funding rounds. California-based fixed-wireless Internet provider NextWeb said it snared $3.5 million in Series E equity financing and a revolving line of credit from Silicon Valley Bank. Kaiser Permanente National...
OKLAHOMA CITY-Regional wireless provider Dobson Communications Corp. said it completed an exchange offer and consent solicitation of its 12.25-percent senior exchangeable preferred stock and its 13-percent senior exchangeable preferred stock. Dobson said it paid $50.2 million in total cash consideration and issued nearly 28.25...
NEW YORK-Two U.S. subsidiaries of Japanese mobile-content conglomerate For-side.com Co. Ltd. have integrated operations in what may be a first step toward an initial public offering.Zingy Inc., which offers ringtones and other mobile music, said it has merged with sister company Vindigo, a developer...
LAS VEGAS-Wireless gambling technology company Diamond I Inc. Tuesday announced plans to acquire U.K. mobile game maker Touchdev Ltd.Touchdev boasts a 12-title portfolio of wireless and online games including Texas Hold 'em Poker, a nongambling online game. Diamond I, which markets in-building gambling systems...
Acta Wireless Ltd. is hoping to act as the bridge between having a good idea and turning it into a company. "Our ability is to pick trends early," explained Anders Schonberg, one of Acta's three partners.Acta toes the line between venture-capital company and consulting...
