04/28/2006
Dblur raises $6 million from Sequoia Capital, TempoPark and Landa Ventures
Dblur Technologies, developer of Software Lens Technology, has completed second round financing of $6 million, led by Sequoia Capital. First round investors TempoPark Fund, and Landa Ventures, established by Indigo founder Benny Landa, also participated in the new round.
Dblur's technology is applicable to the cellular handset, digital camera, security camera, and medical camera markets. The company's first target market is the mobile imaging market, as Dblur offers mobile phone camera vendors a solution for the design of higher quality miniature cameras at lower cost.
InfoTrends projects that worldwide camera phone shipments will grow from 370 million units in 2005 to 903 million units in 2010. By 2010, camera phones are expected to account for 87% of all mobile phone handsets shipped. The total number of images captured on camera phones will reach 228 billion by 2010, exceeding the number of photos taken on digital still cameras and film cameras combined.
"The Software Lens Technology we developed provides the optimal solution for camera manufacturers because it replaces complex and expensive optical and mechanical elements and substantially lowers the camera's price," said Eran Katz, Dblur Technologies CEO.
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04/10/2006
Comverse to acquire communication solutions developer Netcentrex for $164 million
Comverse, a global provider of value-added multimedia messaging, content and converged billing solutions, has signed a definitive agreement to acquire IP based communication solutions developer Netcentrex, for approximately $164 million in cash.
"We believe VoIP, FMC and IMS-based communication services are poised to grow in the coming years, and that Netcentrex is well-positioned to address many of these opportunities,” said Kobi Alexander, Chairman and CEO of Comverse Technology. “Together, the two companies offer a broad portfolio that enables converged voice-video-data solutions, serving wireless, fixed, cable, MVNO and Internet-based communication service providers."
Comverse, a unit of Comverse Technology, is a leading provider of software and systems enabling network-based multimedia enhanced communication and billing services.
Netcentrex develops unique next generation network (NGN) voice and video solutions that optimize network infrastructure and enable telecom operators and service providers to deliver voice-video-data and fixed-mobile converged services for both the consumer and enterprise markets. The company solutions includes: IP telephony, video telephony, triple play, secured IP Trunking, IP centrex, voice/video VPN, voice mail, video mail, contact center, and IVR.
Netcentrex brings to Comverse a broad suite of software-based converged voice-video-data-over-IP solutions, supporting the consumer and enterprise offerings of approximately 50 service providers, including AOL Germany, Comunitel (Tele2), Fastweb, France Telecom, Telefonica Deutschland GmbH and Tiscali. For the year 2005, Paris-based Netcentrex generated revenues of approximately $50 million.
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02/10/2006
Unity Wireless has acquired wireless broadband system developer Avantry for $1.75 million
Canadian developer of integrated RF subsystem solutions, Unity Wireless Systems, has acquired the Israeli provider of intelligent broadband wireless/optical network solutions, Avantry, for $1.75 million.
Avantry offers a broad transmission product line, ranging from low to high capacity, integrating microwave radio and optical transport systems aimed at carrying flexible combinations of SDH, PDH voice and data and Ethernet traffic.
“Avantry's products complement our coverage-solutions business by offering proven, carrier-grade wireless backhaul solutions in addition to offering a line of scalable voice and data transmission solutions for both OEM and enterprise customers,” said Ilan Kenig, President and CEO of Unity Wireless. According to published market research, the market for this equipment is expected to exceed $5 billion this year.
Established in March 2004, Avantry was formed by the merger of Witcom and RadioTel. Prior to the merger, RadioTel had raised over $14.5 million from its backers and Witcom in March 2000 closed a $20 million round of financing with new and existing investors.
Avantry is a private company whose main shareholders include ABN AMRO Capital, Ascend, Clal, Elron, RDC, Formula Ventures, COMSOR Fund, HB Radio, Challenge Fund and ECI Telecom, among others. Also among the company’s investors and advisors is Dr. Andrew Viterbi, co-founder of Qualcomm.
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01/16/2006
RF systems provider Eyal Microwave purchased Millimetrix Broadband Networks
Eyal Microwave (EMI), a provider of radio-frequency systems for civilian and military communications, has purchased Millimetrix Broadband Networks, which makes carrier-class point-to-point wireless backhaul solutions for mobile and fixed networks.
Eyal's sales in 2005 amounted to $23 million and the merger with Millimatrix should lift it to around $30 million in 2006. The merged company can break even in 2006 and there is thought of floating the company in 2007, according to Zohar Ramon, EMI CEO.
The Eyal Microwave group consists of three companies. The purchased company, Millimetrix, becomes the fourth and is slated to be called Eyal Millimetrix. The operations of the four companies are highly synergetic and should now harness the high signal processing capacity of Millimetrix to the Eyal group products.
Eyal Microwave has recently raised $6 million from the Tene investment fund, run by Ariel Halperin. Millimetrix had raised $35 million In the last nine years from Cisco Systems, Bank of America and Israeli venture fund Genesis Partners.
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11/17/2005
Ogo is back: Swisscom Mobile has launch IXI mobile instant messenger device
Swiss mobile communications provider, Swisscom Mobile, has launch a new mobile instant messenger device called, Ogo. The Ogo, developed by the Israeli firm IXI Mobile, are designed to deliver popular messaging applications, such as instant messaging, email, news, and SMS on optimized devices, increasing data usage and enhancing the mobile experience.
Ogo is available immediately to customers who sign up for the NATEL instant messaging subscription and costs CHF 49 ($37) as a one-off charge plus a fixed monthly usage charge of CHF 19. Ogo is targeted primarily at young residential customers and users of MSN Messenger. Over one million people in Switzerland use an Instant Messaging (IM) service. A study by MSN reports that users in Switzerland spend on average over 12 hours a month logged on to their Messenger and send over one billion messages.
Swisscom Mobile AG belongs to the Swisscom Group at a share of 75% and to the Vodafone Group at 25%. The company provide mobile services to more than 4 million customers a cross Switzerland, and has a market share of 65%.
The first IXI mobile messaging device, CT-10, was launched by AT&T Wireless under the Ogo brand in September 2004. However, Cingular Wireless stopped marketing the Ogo, after it bought AT&T Wireless. Founded in 2000, IXI has a headquartered in Redwood City, California and a Research and Development (R&D) center in Ranana, Israel. IXI is privately held and backed by leading venture investors, as well as Intel and Texas Instruments.
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11/05/2005
Aladdin unveils a new Anti-Virus Protection to Cell Phone Providers
Aladdin Knowledge Systems, Israeli provider of Software Digital Rights Management (DRM) and USB-based authentication solutions, unveils a new Aladdin eSafe Mobile Content Security Gateway (MCSG) designed specifically for cellular providers to offer protection against mobile viruses and spam.
eSafe uses several unique technologies to block malicious code, including mobile viruses that travel via MMS or downloads from the Internet. eSafe mobile solution also offer multi-layered anti-spam and phishing prevention for email messages.
Nokia, the world’s largest mobile-phone maker, and Symantec have signed Last month an agreement that enables Nokia to provide its Series 60 based smartphones with Symantec Mobile Security, in order to increased protection for consumer and business users against mobile malware threats.
Symantec has been working with Nokia for more than two years to develop mobile security technology and systems for mobile devices. The new agreement strengthens the existing relationship by enabling Nokia to provide increased protection for the smartphones running the Series 60 Platform.
The conditions required for a real virus or worm to spread quickly among the mass of mobile devices will not converge until the end of 2007, According to Gartner. But the research firm advice mobile network operators to develop antivirus strategies before then.
As mobile phones acquire more computer-like capabilities, they also become more vulnerable to viruses and hackers. As of today, only smartphones are vulnerable to security threats such as viruses and other malicious code. Of the world’s current populations of 2 billion mobile phones, just 4% are smartphones. Nokia predicts that the smartphones market will reach 100 million units next year.
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10/29/2005
Israel VoIP Merger: VoIP gateways provider Tdsoft acquire VoIP pioneer VocalTec
Israeli VoIP pioneer VocalTec has been saved from the telecom scrapheap by its next door neighbor, VoIP gateway provider Tdsoft. Talk of Tdsoft emerging as a white knight emerged last month after softswitch vendor VocalTec, which has been on the ropes for more than a year as its business fell away, received a delisting warning from Nasdaq.
While Tdsoft is, in effect, taking over VocalTec, the deal involves Tdsoft becoming a fully owned subsidiary of the listed company. VocalTec is issuing new stock that it will exchange for all of Tdsoft's share capital, after which, Tdsoft's shareholders will own 75 percent of the new, combined company, and VocalTec's current shareholders 25 percent. In effect, that makes Tdsoft worth three times VocalTec's valuation.
The news sent VocalTec's share price soaring. Having closed Thursday at $0.41, which gave VocalTec a market capitalization of $5 million, it shot up this morning by 19 cents, more than 46 percent, to $0.60, giving the softswitch firm a valuation of $7.3 million. That makes Tdsoft worth nearly $22 million.
Source: Light Reading
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10/19/2005
Surf Communication secures $3 million in new round of funding from TI, Giza and Pitango
Surf Communication Solutions, a leading provider of high capacity “Triple Play” media processing enabling technologies, has secured $3 million from Texas Instruments (TI), Giza Venture Capital, and Pitango Venture Capital.
The Israeli company leaves the round open to enable additional investors to participate in this new round of funding. Surf’s other shareholders include: Intel Capital, Motorola Ventures (Freescale), Sadot R&D Fund Ltd., and BOS (Better On-Line Solutions).
The funding will be used to expand the Company's presence in various regions, with emphasis on the North American market, to duplicate Surf's successful track record in the European market.
Source: Surf Communication Solutions
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09/12/2005
First Seamless Mobility Server for PacketCable Introduced by Ventego Networks
Ventego Networks, a provider of end-to-end solutions converging fixed and mobile services over existing broadband networks, introduces UniCell Server, the industry's first Seamless Mobility server for PacketCable.
The UniCell server provides a Fixed-Mobile Convergence (FMC) solution that not only enables cable operators to offer quadruple play services, but also allows them to significantly extend their reach to serve customers with the best possible service, no matter where they happen to be, using industry-standard dual-mode cellular handsets or "combo" phones.
Source: PRWeb
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