Capital Enables Company to Deepen its Reach Beyond Mobile Entertainment to New Market Segments
FOR IMMEDIATE RELEASE
SAN MATEO, Calif.—July 9, 2007—Tira Wireless, the premier provider of technology and services for the mobile market, today announced that it has secured an additional US$5 million in funding from existing investors Lehman Brothers Venture Partners, Brightspark Ventures, Flagship Ventures and Export Development Canada. With this latest round of funding in place, Tira Wireless will execute on the third phase of its technology vision and extend its reach into new markets that go beyond mobile entertainment.
Earlier rounds of funding enabled Tira Wireless to complete development on the first two phases of its Tira Jump platform. The first phase focused on building out the platform to incorporate asset management and deployment planning capabilities. The recently completed phase two provides significant productivity breakthroughs in content development and deployment by enabling code re-use, collaboration and interoperability.
Tira Wireless is now embarking on the third phase in its strategic plan. This phase will enable thecompany to further extend its technology platform and deliver products that appeal to a broader audience of large and small developers that want to embrace the mobile platform, but require additional domain expertise and tools to address the complexities of fragmentation. Among the potential new targets are those that offer single applications, like messaging or GPS-enabled location based services; and companies with Web 2.0 and highly interactive applications for social networking, blogging and other rich media experiences. Tira Wireless will also extend its reach to providers of branded media and traditional Internet applications for music and video.
“We have been very successful in executing our strategic plan for market growth, and are now well positioned to embrace the latest phase of our product roll out,” said Doug Barre, CEO of Tira Wireless.“The first rounds of funding enabled us to establish a solid foothold in the mobile ecosystem by supporting the needs of those in the entertainment and mobile games sector. The market is now ready to embrace a new genre of mobile content, and with this latest round of funding, we have the resources needed to captivate an audience of developers that are looking to get their existing applications to a mobile device and mobile market.”
About Tira Wireless
Tira Wireless provides application developers and content publishers with a unique combination of products, technology and services that greatly reduce the complexity of mobile deployment. By facilitating the development, porting, optimization, certification and delivery of titles for mobile consumption, Tira Wireless enables organizations such as Warner Bros., THQ Wireless, Yahoo, Accuweather and Loopt to more effectively embrace the mobile market. Founded in 2001, Tira Wireless is a venture-backed company headquartered in Silicon Valley, with offices in Toronto, London, Seattle and Ukraine. Visit www.tirawireless.com for more information.
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