venture

kajeet Raises $36.8M

Finally, some good news in an MVNO market shaken by failures (Ampd Mobile, most recently) and dire analyst predictions. Tween-focused kajeet, launched six months ago on the Sprint Nextel network, announced today that it has secured $36.8 million in Series B venture capital funding. Draper Fisher Jurvetson Growth Fund (DFJ Growth Fund) led the financing, […]

Perimeter eSecurity Buys USA.NET

Perimeter eSecurity, a provider of on-demand security software, has acquired USA.NET, which develops secure electronic-messaging services. The deal was announced two weeks after Goldman Sachs pumped $50 million into Perimeter eSecurity, and terms were not disclosed. Private equity firms Bessemer Venture Partners and the Stripes Group LLC also helped fund the USA.NET purchase. USA.NET will […]

Fishing for Finance

Fishing for Finance After some slow years, private money again is fueling the communications sector. Its a breeze for the big-name companies to score funding, yet not so simple for lesser-known providers or resellers. Plus, if you dont want more than $10 million, major investment banks and venture capitalists wont even look at you. So […]

Nokia, Siemens Discuss Joint Venture

Nokia and Siemens on Monday outlined their upcoming product portfolio and provided some details of the future Nokia Siemens Network. The companies last year announced a 50-50 joint venture to combine Nokias Networks Business Group and Siemens carrier-related operations into Nokia Siemens Networks. The deal is expected to close sometime this quarter. At the 3GSM […]

ESPN Hangs Up on Mobile Venture

ESPN is closing down its much-advertised, sports-themed MVNO, it announced today. The Walt Disney Co. subsidiary said it would instead pursue licensing deals for its content with other cellular operators. The MVNO launched less than a year ago to much fanfare, but failed to sign up the numbers of subscribers needed to achieve ROI no […]

WIP Launches WIPConnector Networking Resource

The Wireless Industry Partnership (WIP) launched this week a networking resource designed to help those throughout the wireless industry value chain find the right contacts, companies and resources to advance their businesses. WIP’s three key focuses are linking networking developers to developer programs, connecting venture capital to wireless innovation and helping businesses with their business […]

Digium Poised For Major Growth Thanks to Funding Round

Asterisk creator Digium Inc. has closed its first round of venture capital funding with $13.8 million from Matrix Partners. Digium will use the money to launch new enterprise communications products. Because of the growth of the open-source market, Digium decided such funding would provide even more credibility to its IP PBX, which now counts 1 […]

Cramer Snags New Customers

Cramer, a developer of OSS software, said at TeleManagement World in France this week that Frances Completel and Swedens Teracom, a broadcast television and radio operator, both have deployed the Cramer6 OSS Suite. Completel is using Cramers software to offer triple-play services. The company offers fiber-based telecom services to enterprises, government and wholesale carriers. Building […]

Sprint Embarqs on Local Communications Venture

Sprint Nextel Corp.’s local communications company, which is expected to separate from Sprint Nextel in the second quarter of 2006, today announced its new name, Embarq Corp. The companys new name and logo are meant to signal the way we will do business and establish what a next-generation local communications company can be,” said Daniel […]

Comcast Invests in Municipal Wi-Fi Company BelAir

BelAir Networks, which makes equipment for municipal broadband networks, has completed Series C funding led by Comcast Interactive Capital, the financing arm of Comcast Corp., and McLean Watson Capital. This recent round means BelAir now has raised $44 million, says Phil Belanger, vice president of marketing. Existing investors T-Mobile Venture Fund, JPMorgan Partners, VenGrowth Capital […]

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