HelloSoft Receives Funding From Intel Capital19 January 2006
HelloSoft, Inc., a leading supplier of signal processing technology and Software Defined Radio (SDR) solutions for VoIP, Wi-Fi, Cellular, and converged markets, today announced that Intel Capital has made an equity investment in HelloSoft as part of the Series B funding previously announced by HelloSoft. "We're very pleased to bring HelloSoft into our portfolio, their products provide exciting solutions for customers in the converged communications market segment", said Sriram Viswanathan, Vice President of Intel Capital. The Series B round, which is now closed, was led by TD Capital Ventures with the participation from new investors Mitsui & Company Venture Partners, Entrepia Ventures, and current investors, including Venrock Associates, Sofinnova Ventures and Jump Startup. The funding will be used for further product development and marketing.
HelloSoft's products are provided as a suite of integrated -offerings that include DSP software, Networking software, RTL, complete reference designs and consulting services to customize these solutions to suit customer requirements. Products that utilize HelloSoft's solutions include next- generation mobile phones, personal digital assistants, IP phones, set-top boxes, game consoles, residential gateways, enterprise and SOHO gateways, WLAN access points, carrier-class media gateways, soft switches, and mobile base stations.
"Intel is a key strategic player in the converged communications market - segment and we are pleased to have Intel participate in this round of funding", said Krishna Yarlagadda, President & CEO of HelloSoft. "In addition, we are delighted to have been selected by Intel to collaborate on integrated products and go-to-market strategies involving the market leading Intel XScale(R) processor platforms". "
ABOUT INTEL CAPITAL
Intel Capital, Intel's strategic investment program, focuses on making equity investments and acquisitions to grow the Internet economy in support of Intel's strategic interests. Intel Capital invests in hardware, software and services companies in several market segments, including computing, networking, and wireless communications. For more information, visit http://www.intel.com/capital.
ABOUT HELLOSOFT, INC.
HelloSoft is a leading supplier of signal processing technology and Software-Defined Radio (SDR) solutions for VoIP, Cellular, Wi-Fi, and converged markets. A pioneer in feature-rich customizable VoIP platform, combined with its best-of-breed Cellular and WLAN Intellectual Property (IP) Portfolio, HelloSoft's offerings enable cost-effective, low-power and high performance mass deployment of multi-mode mobile and portable communication devices for the converged market place. HelloSoft is the inventor of RISC-only implementation, which has been adopted by 30+ major semiconductor and OEM/ODM companies worldwide. http://www.hellosoft.com
Contact: Rina McCord of HelloSoft, Inc., +1-408-441-7110, ext. 104, or rina@hellosoft.com.
Source: prnewswire
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