Leading supplier of signal processing technology for Multi-Mode Wireless Devices Attracts Top Financial and Strategic Investors
San Jose, CA, June 21, 2005: San Jose, CA, June 21, 2005 - HelloSoft, the leading supplier of signal processing technology and software-defined radio (SDR) solutions for VOIP, Wi-Fi, Cellular, and converged markets, announced today the closing of an oversubscribed $16 million series B financing. This round is led by Boston-based 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.
"This latest round of funding demonstrates investorsf confidence in our management team, strategy and roadmap. The new investment will help HelloSoft accelerate its development of CelluLANTM for the burgeoning mobile multi-mode handset market. With its experienced team and a innovative technology portfolio, HelloSoft will continue focusing on the world's most advanced low-cost and low-power solutions," said Krishna Yarlagadda, CEO of HelloSoft.
"The convergence of Cellular, VoIP, and Wi-Fi technologies is inevitable and happening at a rate faster than expected. HelloSoftfs deep domain experience and expertise in each of these technologies makes the company uniquely positioned to take advantage of this opportunity. HelloSoftfs visionary solutions will enable cost-efficient mass deployment of multi-mode mobile communications devices for the converged marketplace," said Jim Goldinger, Director and Investment Partner of TD Capital Ventures.
"HelloSoftfs expertise in developing flexible signal processing architectures gives the company considerable credibility," said Will Strauss, President of Forward Concepts.
About HelloSoft, Inc.
HelloSoft is a leading supplier of signal processing technology and software-defined radio (SDR) solutions for VOIP, Wi-Fi, Cellular, and converged markets. A pioneer in VOIP solutions, combined with its WLAN and Cellular Intellectual Property (IP) Portfolio, HelloSoftfs solutions enable cost-efficient mass deployment of multi-mode mobile communications devices for the converged market place. The company is headquartered in San Jose, California with an R&D facility staffed with over 100 seasoned digital signal processing engineers in Hyderabad, India. HelloSoftfs customers include top tier semiconductor manufacturers and Original Device Manufacturers (ODMs) globally.
HelloSoftfs solutions are provided as a suite of integrated products that include DSP software, Networking software, RTL, complete reference designs and design services to customize these solutions to customer needs. Products that utilize one or more of 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.
About TD Capital Ventures
TD Capital Ventures invests in early and growth stage companies with significant technology assets and market opportunities that span multiple industry sectors. Specifically, TD Capital Ventures focuses on investments in enterprise software, IT infrastructure, semiconductors, and wireless and emerging technologies. TD Capital Ventures has 4 investment professionals with strong investment, technology and operating experience located in its Boston office.
TD Capital Ventures is an investment group of TD Capital. Established more than 30 years ago, TD Capital is the independent private equity arm of TD Bank Financial Group. TD Capital has approximately US$1.9 billion of capital under management through its offices located in Canada and the United States.
For more information on TD Capital and its investment groups, go to www.tdcapital.com.
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