PassCall Advanced Technologies News
3 articles
growth-positive
Short Take: Intel invests in PassCall
Intel has made an undisclosed investment in PassCall Advanced Technologies, a company specializing in WAP technology for viewing web content on mobile phones. The investment was made by Intel Capital, the chipmakers venture capital funding unit.
Investment
growth-positive
PassCall follow-up: "From laboratory to company with sales"
PassCall Advanced Technologies announced an agreement with CyberPlus for the sale of its product in China. The company has a new Dutch CEO, Frans van Belle, who is focused on sales and reorganizing the company. PassCalls technology, GateWaveTM, transfers content to cellular handsets and supports voice and text surfing. The companys ownership is shared by the founders, Ituran, Propolis, Infinity, Holland Venture, and Intel. PassCall is entering a new path with a platform policy and aims to be the standard for the cellular portal management market. The company expects to sign two large contracts soon and believes that the major breakthrough will come with the GPRS standard. PassCalls main competitors are companies that do conversion but not the entire platform. The article was published on October 23, 2000.
PartnersManagement Changes
growth-positive
US & Dutch Funds Invest $5M in Passcall Advanced Technologies
PassCall Advanced Technologies has received a $5 million investment from Infinity and the European Holland Venture fund. PassCall has developed a technology called GateWave that provides mobile phone users with real Internet access without the need for modification of existing Internet sites. PassCalls valuation is expected to grow as the demand for Wireless Internet and its value-added services increases. The company is currently in negotiations with cellular suppliers worldwide to integrate GateWave technology into their products. The investment will be used to strengthen PassCalls marketing team and expand into key target markets. Infinity is a US-Israeli venture fund with $85 million, while Holland Venture is a European venture capital fund with a strong track record in investing in ICT companies.
Investment
