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Infowave announced it has agreed to acquire the shares of application developer Telispark for US$8.4M. Telispark, spun out of Deloitte Consulting in 2000, develops and markets software for mobile field service, asset management, supply chain and ERP applications. In a related move, Infowave said it has arranged a US$3M credit facility from a new member [...]
RIM has filed registration papers with securities regulators to sell 9M more shares, saying it expects to net US$625M from the offering. The company said it would use the proceeds for R&D, increased manufacturing capacity, international expansion of its sales and marketing group and working capital. The expected proceeds would more than double RIM’s free [...]
Verizon is apparently happy enough with the performance of its CDMA 1X EV-DO network in Washington and San Diego to commit US$1B to roll out the platform across the US. The company said it will offer the service in “significant portions of [its network] footprint” starting in mid-year, and will phase in service across the [...]