 |
|
Funding for Spring Wireless
End-to-end wireless specialist Spring Wireless has received an equity investment of US$66 million (£37 million). The funding round is co-led by investment bank Goldman Sachs and US venture capitalist New Enterprise Associates (NEA), with participation from existing investors.
As part of the deal, Raheel Zia, vice president at Goldman Sachs, and Patrick Kerins, a general partner at NEA, join Spring Wireless’ board.
Spring Wireless also announced the acquisition of Okto, a Latin American mobile applications company. Terms were not disclosed.
The company, which has operations across the Americas and Europe, plans to open new offices in Asia by the end of the calendar year.
Existing shareholders include Brazilian technology investor Ideiasnet and VC firm Darby Technology Ventures, both participants in this latest funding round, as well as large technology companies Intel and Ericsson.
Related Articles |
Interesting links
Other Sector Watch
- Investment veteran airs fears over UK biotech Oct 21 2008
- Talking rubbish Jul 28 2008
- Crisis?– what crisis? Jul 01 2008
- Let the
drilling begin
May 13 2008 - Bargains on the high street
Mar 13 2008
M&A News
- PLUS admission for TradeLabs Jan 09 2009
- Telereal snaps up a bargain Jan 08 2009
- Doughty Hanson goes shopping for deals Jan 08 2009
- PLUS shell in reverse takeover Jan 07 2009
- Red hot deal for AVC Jan 07 2009
Special Offers
- 2008/09 AIM Guide Nov 12 2008
- Growth Company Investor Magazine: Dec 06 2008
- Cash Shells 2007 - Research report Jul 17 2007
- Venture Capital Trusts Jul 04 2007
M&A Deals
- Neoss gets teeth into £5.5 million Jan 09 2009
- HICL ups stake in Barnet Hospital Jan 09 2009
- MBO at public sector services firm Jan 08 2009
- Compass Group makes headway with KIMCO Jan 08 2009
- Hello Telecom acquires TelNG Jan 07 2009
Business Diary
- M&A Expanding internationally 27th November
- Rosenblatt New Energy Awards 2009 25th February