Wireless - Monday, June 9, 2008
T-Mobile Invests in Roamware
San Jose's Roamware has raised an undisclosed amount of strategic funding from T-Mobile Venture Fund. It had previously raised funding from DCM-Doll Capital Management, Accretive Technology Partners and Shelter Capital as well as the software companies BEA Systems (NASDAQ: BEAS), and TIBCO Software.
Roamware makes voice and data roaming products for global mobile networks. Roaming is the practice of allowing a wireless phone subscriber to use the network of another wireless carrier when they aren't within their own carrier's network.
Roamware's talking point is this: "Roamware's voice and data roaming solutions are installed in 314 mobile operators networks in 127 countries and generate more that USD 2 billion in incremental revenues for mobile operators."
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On a related note, T-Mobile announced that it has made a $6M strategic investment in San Jose-based deCarta, which sells a map platform for location based services like car directions.
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