Tropos Networks (www.troposnetworks.com) received an investment from the Intel Communications Fund. Tropos and Intel also plan to participate in joint marketing activities. The investment by Intel Communications Fund is part of its $150 million commitment to invest in companies with technologies that will accelerate the worldwide adoption of IEEE 802.11 wireless networks.
Ottawa's PointShot Wireless (www.pointshotwireless.com) closed a $750,000 seed round of funding. This round was completed with the participation of Axis Investment Fund, Inc. PointShot is developing technology to allow Wi-Fi networks to be accessed on trains, vehicles, and remote areas.
Sierra Wireless, Inc. (www.sierrawireless.com) announced a definitive agreement to acquire AirPrime, Inc. AirPrime is a privately held supplier of high-speed CDMA wireless products.
Dr. Mark Kent joined Zyray Wireless (www.zyraywireless.com) as Director of Systems Engineering. As an established technical leader, Kent has successfully completed multiple ASIC designs for the IS-95, CDMA2000, W-CDMA, AMPS, TDMA, and CDPD wireless-communication standards. Prior to joining Zyray, he was the W-CDMA Baseband ASIC System Architect at Skyworks (formerly Conexant).
Agilent Technologies, Inc. (www.agilent.com) received a government grant from the Taiwan Ministry of Economic Affairs (MOEA). This grant was given to spur communications product research and development through an initiative called the Agilent Integrated Platform Service Project. This project helps Taiwan-based business ventures cooperate with international companies to co-develop technologies or bring state-of-the-art technologies to Taiwan's communication-product-design R&D houses.
Vivato (www.vivato.net) raised $44.5 million in its Series C funding round, bringing the total investment in the company to $67 million. Advanced Technology Ventures (ATV) led Vivato's third funding round. It was joined by all of Vivato's previous investors, including Leapfrog Ventures, U.S. Venture Partners, Walden International, and Intel Communications Fund.
The SALT Forum (www.saltforum.org) published a SALT profile for the World Wide Web Consortium's (W3C) Scalable Vector Graphics (SVG) markup language. The new SVG profile supplements the SALT 1.0 specification, which was contributed to the W3C by the SALT Forum. It already included profiles for use with the XHTML and SMIL specifications. The SALT profile for SVG can be obtained from the SALT Forum's Web site at www.saltforum.org/devforum/profiles/SALTProfileforSVG.asp.
At MotoSAT (www.motosat.com), C. Reed Brown has been named President and Mark Wright was named CEO. In addition, Wright has been elected Chairman of the Board of Directors. Brown served as Chief Operating Officer of MotoSAT for the past six months. Jim Pendleton, who served as President and CEO for eight years, will remain on the Board of Directors as Secretary and Treasurer.
Aeroflex, Inc. (www.aeroflex.com) entered into a definitive agreement to acquire MCE Technologies, Inc. for approximately 5,850,000 shares of Aeroflex common stock. In addition, Aeroflex will retire approximately $25 million in MCE outstanding bank and other indebtedness. The transaction is subject to regulatory approval. The merger is anticipated to be completed by October 31.
P-Cube, Inc. (www.p-cube.com) announced the establishment of the [email protected] Program. This structured program of products and services should enable broadband service providers to understand how broadband applications impacts their networks. It provides the tools to optimize and control network utilization, thereby addressing problems like congestion, poor QoS, and high latency.
Magnolia Broadband, Inc. (www.magnoliabroadband.com) closed a $6 million C round of financing. This financing will support the completion of customer evaluation and the delivery of the company's DiversityPlus-based RFIC chip set starting in the fourth quarter of this year. SCP Private Equity Partners led the round, which included DFJ Gotham Ventures, ECentury Capital, Selway Partners, and others. This financing brings the total equity investment in Magnolia to about $15 million since April 2001.
The T-Mobile Venture Fund has decided to invest in Flarion Technologies (www.flarion.com). Financial terms of the investment were not disclosed.
AppForge, Inc. closed an $8.3 million Series B round of financing. The company will now be able to enhance the MobileVB product line. It also will introduce support for Microsoft's .NET platform and other languages, while adding support for the growing number of mobile and wireless devices and operating systems.
FEI Company (www.feicompany.com) announced two strategic acquisitions. It is purchasing EGSoft's Design for Manufacturing (CAD navigation) and semiconductor-fab yield-management software product lines. Simultaneously, FEI announced the acquisition of privately held Revise, Inc. and its laser-etching technologies.
Dr. Stephen Cross, currently the Director and Chief Executive Officer of the Carnegie Mellon Software Engineering Institute, was named Vice President for the Georgia Institute of Technology and the new Director of the Georgia Tech Research Institute (www.gtri.gatech.edu). Cross also will hold a joint appointment as a professor in the Georgia Tech School of Industrial and Systems Engineering. He assumes his new responsibilities Sept. 1, 2003.
Dr. Ted Rappaport, the Chairman and CEO of Wireless Valley (www.wirelessvalley.com), has been named to a National Academy of Sciences committee. This committee will conduct a comprehensive study of the role and current scope of research and development of telecommunications in the United States. Rappaport is one of 18 experts from academia and industry named to the committee. He also was named to the Federal Communications Commission (FCC) Technological Advisory Council (TAC), which will provide independent technical advice to the FCC on issues and questions involving telecommunications policy in the U.S.