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Broadband & Mobile Featured Article
April 16, 2008
Rosum Secures $15M in Financing to Fuel Growth in Mobile TV and Home Telecommunications Markets
By Raju Shanbhag TMCnet Contributing Editor
Rosum (News - Alert) Corporation has announced it has recieved $15 million in new financing from several sources inlcuding new investor TruePosition, a subsidiary of Liberty Media Corporation. The company also received financing from other investors such as Charles River Ventures, Allegis Capital, Steamboat Ventures and KTB Ventures.
Rosum has positioned itself as the first and only company to use the broadcast TV infrastructure and provide location and timing solutions to solve the problem of avoiding the technological hinderence indoors and in urban canyons cause.
Rosum is also the first company to combine TV and GPS signals for truly robust hybrid positioning in all environments. Rosum’s founding team includes the original architects of the GPS constellation. The partners of the company include Intel (News - Alert), 2Wire Inc., Trimble and The Boeing Company.
Skip Speaks, Rosum CEO, commented, “In the past seven months, we have secured partnerships with Intel Corporation and 2Wire Inc. This new financing will enable us to accelerate our expansion into the mobile TV and femtocell
markets and to capture emerging global opportunities for our solution. We are grateful for the ongoing support from our current investors and we are excited to add TruePosition (News - Alert), a market leader in the field of location technology, as a strategic investor.”
By 2011, analysts project that as many as 446 million mobile TV handsets will be shipped globally. Rosum’s TV-positioning technology enables location-based services such as search, advertising, and security with its software-only solution for device makers deploying TV-capable mobile devices and for mobile TV network operators and for wireless operators supporting mobile TV handsets.
Raju Shanbhag is a contributing editor for TMCnet. To see more of his articles, please visit his columnist page.
Don’t forget to check out TMCnet’s White Paper Library, which provides a selection of in-depth information on relevant topics affecting the IP Communications industry. The library offers white papers, case studies and other documents which are free to registered users. Today’s featured white paper is, Best Practices in Agent Retention brought to you by Enkata.
Rosum has positioned itself as the first and only company to use the broadcast TV infrastructure and provide location and timing solutions to solve the problem of avoiding the technological hinderence indoors and in urban canyons cause.
Rosum is also the first company to combine TV and GPS signals for truly robust hybrid positioning in all environments. Rosum’s founding team includes the original architects of the GPS constellation. The partners of the company include Intel (News - Alert), 2Wire Inc., Trimble and The Boeing Company.
Skip Speaks, Rosum CEO, commented, “In the past seven months, we have secured partnerships with Intel Corporation and 2Wire Inc. This new financing will enable us to accelerate our expansion into the mobile TV and femtocell
markets and to capture emerging global opportunities for our solution. We are grateful for the ongoing support from our current investors and we are excited to add TruePosition (News - Alert), a market leader in the field of location technology, as a strategic investor.”By 2011, analysts project that as many as 446 million mobile TV handsets will be shipped globally. Rosum’s TV-positioning technology enables location-based services such as search, advertising, and security with its software-only solution for device makers deploying TV-capable mobile devices and for mobile TV network operators and for wireless operators supporting mobile TV handsets.
Raju Shanbhag is a contributing editor for TMCnet. To see more of his articles, please visit his columnist page.
Don’t forget to check out TMCnet’s White Paper Library, which provides a selection of in-depth information on relevant topics affecting the IP
Communications industry. The library offers white papers, case studies and other documents which are free to registered users. Today’s featured white paper is, Best Practices in Agent Retention brought to you by Enkata.
