Tuesday, May 22, 2007

QUALCOMM Ventures Expands Into Europe, Invests in Streamezzo

QUALCOMM plans to invest EUR 100 million in European companies offering innovative technologies and services that enhance the global wireless communications ecosystem. The company said its investment strategy will focus on European small- to medium-sized enterprises and startups that can serve the 3G (WCDMA) business case in Europe through innovation in the following sectors: mobile application/platform software developers, handset components, network infrastructure and core technologies providers.

QUALCOMM Ventures' first direct equity investment in Europe is in Streamezzo, a leading provider of rich media solutions, platforms and service for mobile communications. http://www.qualcomm.com