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February 06, 2008
Finnish Mobile TV Middleware Startup Raises
Nexit Ventures announced it has invested in Finland-based Axel Technologies, a DVB-H mobile TV middleware vendor that also supplies the mobile client software. The product name is Salmonstream.
Co-investing in this undisclosed-sized round is existing investor Finnish Industry Investment Ltd., a state-backed fund manager.
Pekka Salonoja of Nexit Ventures said in a statement, "The company is already positioned among the top five developers of mobile TV middleware globally, with a track record of successful deployments at top-line customers including AMD and Thomson.".
Posted on February 6, 2008 12:01 PM | Posted to News And Updates | Permalink
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