Ecrio Closes $24 Million Investment Round
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TMCNet: Ecrio Closes $24 Million Investment Round

[September 23, 2007]

Ecrio Closes $24 Million Investment Round

(Wireless News Via Thomson Dialog NewsEdge)
Ecrio, a provider of real-time communications and commerce software for
mobile phones, 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 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."

((Comments on this story may be sent to newsdesk@closeupmedia.com))

((Distributed on behalf of 10Meters via M2 Communications Ltd -
http://www.m2.com))
((10Meters - http://www.10meters.com))

Copyright 2007 Wireless News

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