Conversation with McNamee: Three fit the bill — RIM, Palm and Apple
VentureBeat talked last night with Roger McNamee (pictured left), asking him why his firm, Elevation Partners, would want to buy into Palm, a company that many people see having a tough time ahead, given intense competition.
Some doubt its chances of survival as a standalone company.
[See our initial coverage of Elevation's $325 million in investment into Palm. Also see the Mercury News coverage. The Elevation-Palm deal comes amid a wave of M&A activity -- see coverage... Continue Reading
Ayaya buys mobile software company Traverse for $15M — a loss for investors
Avaya, a New Jersey maker of corporate telephone equipment, has acquired Traverse Networks, of Fremont, for $15 million.
Traverse makes software that lets customers connect mobile devices to their networks, so that their employees can use applications and better manage voice mail while on the go.
From the press release:
Traverse enables users to see and hear office voice mail through an email-like inbox on their mobile devices, providing streamlined access to messages and fast ways to respond…. Continue Reading