Financial and Business
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mobilePeople receives $8million USD investment from Via Venture Partners
mobilePeople, a local mobile search company, has today received $8million USD investment from Nordic based venture capitalist firm Via Venture Partners. The funding is said to mean that mobilePeople has the ability to expand its international reach within theNokia to acquire consumer email and instant messaging provider
Nokia and OZ Communications have announced that Nokia is to acquire OZ, a privately held company with approximately 220 employees and headquartered in Montreal, Canada. OZ, a consumer mobile messaging solution provider, delivers access to popular instant messaging and email
Nokia stands down business unit
Set to sell security business to private investor
Nokia is to scale down direct sales of its software and appliances to the enterprise and business market, and is selling its security appliances business, in a bid to focus more on consumer markets.
NEC makes strategic investment in Kineto Wireless
NEC, a provider of 3G infrastructure and handsets, internet, broadband network and enterprise business solutions, together with Kineto Wireless, a specialist and supplier of FMC solutions for mobile operators, have announced today that NEC will contribute in strategic
CommProve secures new funding of $14 Million
CommProve, a vendor of advanced solutions for the real-time monitoring of wireless networks, has closed $14 Million in new financing to support its international expansion and broaden its product portfolio. The financing round was led by TVM Capital
Nokia lowers third quarter 2008 mobile device market share outlook
Nokia has updated its mobile device market share outlook for the third quarter 2008, with the company now expecting its mobile device market share in the third quarter 2008 to be lower than in the second quarter 2008.Verwaayen in at Alcatel-Lucent
Former BT man faces very different issues at Al-Lu
Alcatel-Lucent has named its replacement CEO for the departing Patricia Russo, and it has plumped for Ben Verwaayen, the man widely credited with picking BT up, dusting it down, and starting all over again back in 2002, when it looked like the debt-laden incumbent was heading for a messy break-up. Verwaayen will work for a board headed up by new non-exectuve chair Phillip Camus. His
Predicitive text company denies patent infringement
Zi Corp defends itself against Nuance: celebrates Nokia deal
Zi Corporation today announced that it received notice from Nuance Communications of a patent infringement lawsuit filed against Zi in the Federal Court in Toronto, Canada. The claim