Cequint Secures New Financing Led by iSherpa Capital.SEATTLE -- Cequint, Inc., the leading developer of Caller ID A telephone company service that sends the caller's telephone number between the first and second ring of the call. If the calling number is not blocked, the calling number is displayed on the handset or base station of the called party. technology for wireless phones, announced today it has secured financing lead by new investor iSherpa Capital. Existing investors led by Benaroya Capital also participated in the financing. Cequint is the creator of City ID[TM], a patented embedded Inserted into. See embedded system. call feature that helps identify unknown callers by displaying the city and state assigned to virtually any phone number issued in North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. . Alltel Wireless, the first U.S. carrier to license City ID[TM], has embedded the application on its new LG AX275 handset The part of the telephone that contains the speaker and the microphone. On a desktop phone, the part you hold in your hand is the handset. On a cellphone, the entire phone is the handset. See multihandset cordless and headset. and will make City ID[TM] available on additional Alltel phones as they are introduced. "Wireless operators are constantly looking for Looking for In the context of general equities, this describing a buy interest in which a dealer is asked to offer stock, often involving a capital commitment. Antithesis of in touch with. enhanced voice services that will be of value to their subscribers," said Nim Patel of iSherpa Capital. "City ID[TM] is an elegantly simple call feature that everyone understands, requires no change in consumer behavior and can be deployed across any handset on any network with no capital expense. City ID[TM] provides clear value to both the wireless operators and their subscribers." Mr. Patel will join Cequint's board of directors. Benaroya Capital's investment is its second in the company; after its initial investment made last year, Benaroya Capital's Senior Vice President John Carlton joined Cequint's board of directors. "When we made our first investment last year, we said that Benaroya only invests in businesses demonstrating a bold vision for leveraging great market potential against strong financial discipline," Carleton said. "Cequint has proved to be one of those businesses. They are enjoying high purchase rates while being focused on a singular SINGULAR, construction. In grammar the singular is used to express only one, not plural. Johnson. 2. In law, the singular frequently includes the plural. opportunity that helps cellular carriers realize significant incremental Additional or increased growth, bulk, quantity, number, or value; enlarged. Incremental cost is additional or increased cost of an item or service apart from its actual cost. revenue with almost no capital cost." "Our first round of funding was based on the promise of proving the value and benefits of our City ID[TM] solution," said Rick Hennessey, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Cequint. "As demonstrated through the Alltel wireless launch we have achieved this goal and will use this funding to accelerate the deployment of City ID[TM] worldwide. About iSherpa Capital iSherpa Capital invests in seed and early-stage companies in the wireless and supporting technologies sector. iSherpa's methodology is to combine traditional venture capital resources with an innovative process and metrics-focused approach to help build sustainable technology businesses. About the Benaroya Companies For nearly two decades, the Benaroya Companies have been among the Northwest's leading private venture capital firms Name Location Founding date Managing Partners/Directors Specialty Capital managed 5AM Ventures Menlo Park, CA; Waltham, MA 2002 John Diekman, PhD (managing partner), Scott Rocklage, PhD (managing partner), Andrew Schwab (managing partner) life sciences $200M [1] , including past investments in Tegic (creator of T9 text input). Benaroya enters into active relationships with the companies they fund - vital promising businesses that demonstrate bold vision, great market potential, and strong financial discipline. About Cequint, Inc. Founded in 2005 by executives that helped pioneer call screening technologies, Seattle-based Cequint is a privately funded company that enjoys a comprehensive portfolio of patented Caller ID and call screening solutions. For more information on the company, its products or technology, please visit www.cequint.com. |
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