Bluesocket Secures $5M in First-Round Funding from St. Paul Venture Capital and Osborn Capital LLC.Business Editors/Hi-Tech Writers CAMBRIDGE, Mass.--(BUSINESS WIRE)--Sept. 6, 2000 Adero Founder David Crosbie Launches Company Focused on Management Software for Bluetooth Enabled Networks Bluesocket, a developer of management software for Bluetooth-enabled networks today announced it has secured $5 million toward its initial round of funding from St. Paul St. Paul as a missionary he fearlessly confronts the “perils of waters, of robbers, in the city, in the wilderness.” [N.T.: II Cor. 11:26] See : Bravery Venture Capital and Osborn Capital LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control . Eric Janszen, managing director of Osborn Capital LLC was also named to Bluesocket's board of directors. Founded in late 1999 by David Crosbie, former Founder of Adero and a founder of Sitara, Bluesocket is the first to offer products that enable Bluetooth mobile wireless devices to seamlessly maintain an Internet connection while roaming within a building or among remote locations and Bluetooth Internet Service Providers Internet service provider (ISP) Company that provides Internet connections and services to individuals and organizations. For a monthly fee, ISPs provide computer users with a connection to their site (see data transmission), as well as a log-in name and password. . "We've come up with enabling technologies that allow companies to seamlessly offer Bluetooth connectivity to their employees and visitors while onsite" says David Crosbie, Founder of Bluesocket. "Mobile device users need the freedom to move from room to room without having to manually reconnected to the network all the time or sacrificing security. Bluesocket does this by facilitating transparent Bluetooth hand-offs between Local Access Points (LAP's) while maintaining security and integration with the internal network." The new Bluesocket product line is the first in a family of Bluetooth network enabling devices planned for release in late 2000. "Corporations are increasingly taking advantage of Bluetooth technologies to increase productivity and reduce operating costs operating costs npl → gastos mpl operacionales , even though there are still challenges to overcome with the basic technologies," said Eric Janszen, managing director of Osborn Capital. "With innovative companies like Bluesocket emerging to rapidly deploy solutions to these challenges the problems will be overcome, and Bluetooth will be a part of the solution for corporations with global Internet requirements." "This round of funding will allow Bluesocket to further develop solutions that address the three key challenges in Bluetooth network design: mobility, reliability, and security," explained St. Paul's
About Bluesocket Bluesocket was founded in 1999 by a team of experienced telecommunications and Internet executives including David Crosbie, former Founder of Adero and a founder of Sitara. A leading provider of Bluetooth network management software, Bluesocket has offices in London, England and Boston, Massachusetts “Boston” redirects here. For other uses, see Boston (disambiguation). Boston is the capital and most populous city of Massachusetts.[3] The largest city in New England, Boston is considered the unofficial economic and cultural center of the entire New . For more information about Bluesocket, please visit our web site at www.bluesocket.com About St. Paul Venture Capital St. Paul Venture Capital is one of the largest early-stage venture capital funds Venture Capital Funds An investment fund that manages money from investors seeking private equity stakes in small and medium-size enterprises with strong growth potential. Notes: in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. , and has committed more than $1.5 billion to investments since its founding in 1998. The firm invests primarily in the areas of Communications, Business Internet and Consumer Technology, and has offices in Boston, San Francisco San Francisco (săn frănsĭs`kō), city (1990 pop. 723,959), coextensive with San Francisco co., W Calif., on the tip of a peninsula between the Pacific Ocean and San Francisco Bay, which are connected by the strait known as the Golden and Minneapolis. For additional information about St. Paul Venture Capital, please visit the web site at: www.stpaulvc.com About Osborn Capital Founded in 1998, Osborn Capital LLC is one of the East Coasts leading angel investment firms. The firm invests primarily in the areas of Internet infrastructure and related Internet-based technologies. With offices in Boston and Northern Virginia Northern Virginia (NoVA) consists of Arlington, Fairfax, Loudoun, and Prince William counties and the independent cities of Alexandria, Falls Church, Fairfax, Manassas, and Manassas Park. , Osborn has invested in over 30 start-up companies start-up company A new business. in the past two years. For additional information about Osborn Capital, please visit the web site at: www.osborncapital.com |
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