Topics Mobile Tech News Sunday, April 21


Contact us

Site search:
complete archives list

Site Sponsors:

Don't forget AT&T and Verizon promo codes at to save money.

WapIT receives funding from Durlacher
Posted: 11-Feb-2000 [Source: Bloomberg]

[Durlacher buys 6.6 percent of WapIT Ltd for US$2 million cash. WapIT is the founder of the "Kannel" open source WAP gateway project.]

London -- "Durlacher Corp. Plc, the best-performing stock last year on the U.K. FT-SE 350 Index, said it will buy 6.6 percent of WapIT Ltd., a Finnish company that develops mobile phone technology, for $2 million in cash. ``Finland and Sweden make up the wireless rally in Europe,'' Durlacher's European research manager Falk Muller-Veerse said. ''We're looking for more acquisitions.''

"WapIT's technology enables mobile phone users in Finland to receive content, such as stock quotes, on their phone, Durlacher said. It is the first Northern Europe investment for Durlacher, a media and finance services company that makes early-stage investments in private technology companies.

"Durlacher said in a report it expected the European mobile commerce market to grow to 23 billion euros ($22.7 billion) by 2003 from 323 million in 1998.

"The transaction valued WapIT at $30 million. The company specializes in wireless application protocol, a technology that allows users to surf the Internet with a mobile phone. WapIT has partnerships with Nokia Oyj, the largest cell phone maker, and Hewlett-Packard Co., the world's No. 2 computer maker.

"Durlacher recently took stakes in such startups as TalkCast Corp. Plc, Wise Monkey Ltd. and Global Communications Group Plc. Durlacher helped manage the share sale of 365 Corp., a U.K. operator of Web sites and telephone services, in which it owns a 10 percent stake.

See also: Kannel Project

See also: Durlacher Corporation Plc.


Back to Headlines...

Apple Watch Apple Watch

iPhone 6 and iPhone 6 Plus iPhone 6 and iPhone 6 Plus

Amazon Fire Amazon Fire

Samsung Z - Tizen Samsung Z - Tizen


HTC One mini 2 HTC One mini 2

OnePlus One OnePlus One

HTC One (M8) HTC One (M8)

Samsung Gear 2 Tizen Watch Samsung Gear 2 Tizen Watch

HP VoiceTab HP VoiceTab

T200 octa-core T200 octa-core

Nokia 2520 Tablet Nokia 2520 Tablet

Samsung Galaxy Round Samsung Galaxy Round

BlackBerry Z30 BlackBerry Z30

iPhone 5S and iPhone 5C iPhone 5S and iPhone 5C

Samsung Galaxy Mega Samsung Galaxy Mega

Sony SmartWatch 2 Sony SmartWatch 2

iOS 7 iOS 7

Jolla Jolla

BlackBerry Z10 BlackBerry Z10

Galaxy S 4 Galaxy S 4

Galaxy Note 8.0 Galaxy Note 8.0

Ubuntu on Tablets Ubuntu on Tablets

LG Optimus G Pro L-04E LG Optimus G Pro L-04E

Firefox OS Firefox OS

Sony Zperia Z Sony Zperia Z


Valid HTML 4.1!

RSS © 1999-2019 Traques LLC
All times recorded in UTC