Qualcomm Labs to invest in $0.25 million in Arynga
Nov 09, 2012 (Datamonitor Financial Deals Tracker via COMTEX) --
Qualcomm Labs, Inc., through its business incubation program QualcommLabs@EvoNexus Initiative, has agreed to invest $0.25 million in Arynga, a software and services company engaged in delivering wireless solutions for transportation, energy, travel and hospitality and consumer electronics companies. Both Qualcomm Labs and Arynga are based in the US.
Qualcomm Labs is a wholly-owned incubator subsidiary of Qualcomm Technologies, Inc.
Qualcomm Technologies is a wholly-owned subsidiary of Qualcomm Incorporated, a designer and manufacturer of digital wireless telecommunications products and services.
Deal Value (US$ Million) 0.25
Deal Type Venture Finance
Deal Status Completed: 2012-11-08
Target (Company) Arynga
Acquirer (Company) Qualcomm Labs, Inc.
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