[October 12, 2001]
Wireless Firm HandSignal Secures $1.35 Million In
Series A Financing
HandSignal, Inc., a Prairie
Village, Kansas-based provider of wireless data delivery technology,
announced the closing of a $1.35 million Series A round of financing. The
funds will be used to further enhance the product development efforts for
INFOlaunch, HandSignal's proprietary push wireless architecture solution,
extend the sales and marketing of the company's products, and add staff.
Telecommunications Development Fund (TDF), a Washington, DC-based
venture capital firm that finances early stage telecommunications
technology companies, led the Series A round. Joining TDF in this round
are Kansas Technology Enterprise Corporation (a seed investor in
HandSignal), Bi-State Investment Group, and individual investors.
"Today's funding, which was more than we originally expected to
raise, shows that even in the current environment, a telecom firm that
offers compelling solutions can attract quality venture capital
partners," said Margy Ronning, Founder and VP of Marketing of
HandSignal. "We are excited by the local and industry contacts, as
well as the deep telecom expertise, provided by our investors."
Founded in 2000, HandSignal has developed INFOlaunch, a technology
platform that delivers information using intelligent push technology.
INFOlaunch's patent-pending architecture wirelessly pushes business
information to handheld devices like Personal Digital Assistants (PDAs) or
Smartphones whenever changes occur.
"HandSignal's combination of a fundamentally strong business
model, a powerful base of telecom know-how, and an experienced and prudent
management team is what attracted us to this investment," said
Darrell Williams, chief investment officer of TDF. "The company has
created a cutting-edge telecom technology that addresses a real-problem
for wireless adoption - by providing immediate, proactive access to a flow
of information, without the need for action by the end user. We see
HandSignal's INFOlaunch thriving in today's wireless market."
As part of the Series A funding, TDF's Williams, and Ed Kuklenski,
Senior Vice President of Shareholder Services at Child Health Corporation
of America, and CEO of Foodservice.com, join the HandSignal Board of
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