

3G Mobile Phone Player Completes $24 Million Investment Round
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18th September , 2007
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US : Ecrio, the pioneer in real-time communications and commerce software for mobile phones, today announced the completion of its 'C' investment round, which exceeded U.S. $24 million dollars. CSK, JAIC, and Nomura Securities, all global firms which closely track the wireless industry, joined Aplix, NTT DoCoMo, Visa, and current investor Noventi/CIR Ventures in the round. JAIC will add a director to Ecrio's board, joining members from Nexit Ventures, Noventi/CIR Ventures, and Ecrio. "Ecrio's recent string of good news, including the continued rollout of Ecrio-powered 3G handsets in Japan; the launch of MoBeam(TM) for mobile barcodes; and Ecrio's development work on Visa's mobile payment platform; made this a prime opportunity to attract additional funding, " said Nagesh Challa, Ecrio's chairman and CEO. "The additional resources allow us to pursue a wide range of strategic opportunities, from increases to our sales, technical and marketing staff, to enhancing our product line through partnership or acquisition." Japan Asia Investment Company (JAIC) is a venture capital firm focusing on early stage investments. JAIC's mission is to create cross-border business models in the Asia-Pacific area through investment in the US. To date, JAIC has invested over $60 million in investments to more than 30 U.S. companies. |
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