PALO ALTO, Calif.-Siemens Communications Group said it made an investment in California-based software developer GlooLabs. The company did not disclose the amount of the investment.
The German telecom giant said it hopes the funding will allow GlooLabs to expand its product portfolio and step up operations for large-scale customer deployments. GlooLabs licenses a Java-based platform called GlooNetT that allows users to access digital media stored on a home computer using an Internet-enabled phone.
The platform enables set-top box manufacturers, handset makers and fixed-line and wireless operators to bring a variety of products and services to market under their own brand.
“GlooLabs has a very unique position in the crowded field of multimedia services and solutions,” said Dietrich Ulmer, chief executive officer of Siemens Acceleration in Communications, the company’s early-stage investment division. “I am confident our strategic investment will greatly benefit both parties.”
