Transforming Network Infrastructure Industry News

TMCNet:  Qualcomm Labs to invest in $0.25 million in Arynga

[November 09, 2012]

Qualcomm Labs to invest in $0.25 million in Arynga

Nov 09, 2012 (Datamonitor Financial Deals Tracker via COMTEX) -- Qualcomm Labs, Inc., through its business incubation program QualcommLabs@EvoNexus Initiative, has agreed to invest $0.25 million in Arynga, a software and services company engaged in delivering wireless solutions for transportation, energy, travel and hospitality and consumer electronics companies. Both Qualcomm Labs and Arynga are based in the US.

Qualcomm Labs is a wholly-owned incubator subsidiary of Qualcomm Technologies, Inc.

Qualcomm Technologies is a wholly-owned subsidiary of Qualcomm Incorporated, a designer and manufacturer of digital wireless telecommunications products and services.

Deal Value (US$ Million) 0.25 Deal Type Venture Finance Sub-Category Start-up Deal Status Completed: 2012-11-08 Deal Participants Target (Company) Arynga Acquirer (Company) Qualcomm Labs, Inc.

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