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September 26, 2007
Purple Labs Linux Phones Cause Investors To Link Up Again
Chambéry, France-based Purple Labs, which develops mobilephone solutions, has raised $14.5M from Sofinnova Partners (Paris), Earlybird (Munich) and Partners Group (Zurich), an LP that does some direct investing.
Purple Labs was founded in 2001, employs about 100 in the south of France, and offers mobilephone comms software, including reference designs, turnkey phone systems, and software to target various types of cellphone manufacturers and service providers. Its specialty is Linux systems.
This deal is interesting because it sees the same team that backed Swiss mobile software company Esmertec, join together in a new venture. That previous investment will surely give the participants some insights (what to do, and what not to do) into being successful in mobilephone market.
Sofinnova said that it bought out Purple Labs’ previous Spanish owner about five months ago.
View PurpleLabs
Posted on September 26, 2007 02:07 PM | Posted to News And Updates | Permalink
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