Stratos BV, provider of mobile and fixed-site remote communications solutions, announced it has purchased most of the operational assets of Blue Ocean Wireless Ltd. As part of the acquisition, Stratos assumes responsibility for providing services to most of BOW’s customers, including many large commercial shipping companies worldwide. Read more.
Nearbuy Systems, developer of solutions for the indoor “micro-location” market, has secured a $1 million round of financing led by Motorola Solutions Venture Capital, Eric Schmidt’s Innovation Endeavors, and Metamorphic Ventures.
Canvas, mobile business application services, announced it has closed the first $1.2 million in a $1.75 million Series B funding round. The round was led by an investment from Motorola Solutions Venture Capital, the strategic investment arm of Motorola Solutions, Inc. (NYSE:MSI), which offers an industry-leading portfolio of mobile computing devices. Read more.
Vringo Inc., provider of software platforms for mobile social and video applications, announced that it has closed a private placement of convertible notes in the aggregate amount of $2.5 million primarily to leading venture capital firms Benchmark Capital and DAG Ventures. Vringo also announced that it had executed a Letter of Intent to acquire and merge operations with Zlango Ltd, a mobile messaging company. Read more.
Gaikai Inc announces the completion of their Series C funding round for $30M to accelerate the roll out of the network. Led by venture capital firm NEA, round also sees mobile giant Qualcomm join Gaikai’s investor group, along with Benchmark Capital, Rustic Canyon and Intel Capital. Read more.
Nodeable, providers of a cloud-based social platform for systems data, today announced the closing of its $2 million Series A funding led by True Ventures and said that it is extending private beta invitations to its cloud-based infrastructure analytics service. Read more.
Azumio, developer of biofeedback apps for smartphones, has announced that it has raised $2.5 million in Series A funding from Founders Fund, Accel Partners and Felicis Ventures. The company will use the new investment to expand its product development. Read more.
