AT&T acquires Wayport for $275M — now has 80,000 hot spots
AT&T has acquired Wayport, a company that built out about 8,000 WiFi hot spots including in places like McDonald’s, for $275 million in cash. The move is another signal that AT&T intends to become a WiFi access point giant — the company now boasts 80,000 points world wide.
The purchase of the Austin, Texas company, which comes at a time when acquisitions have slowed to a trickle, is significant because it reflects how mobility technology investments… Continue Reading
Arcwave, supposedly one of Silicon Valley’s hottest companies, goes under
Arcwave Wireless, a Los Gatos, Ca. provider of wireless networks for small businesses has shuttered, just four months after being named one of Silicon Valley’s hottest companies.
Chief Executive Bill Sickler announces the demise on the company’s Web site, saying cable operators (its targeted customers) weren’t responding to the company’s sales efforts.
Investors Comcast Interactive Capital, Lucent Venture Partners, Mayfield, SBV Venture Partners, Venrock Associates and Vulcan Capital had invested more than $11.5 million into the… Continue Reading
Omneon Video Networks files for $115M IPO
Omneon Video Networks, a Sunnyvale provider of networked media storage and servers for media production and broadcast, has filed for a $115 million initial public offering.
Given the excitement over video, this is an excellent time for it to seek an IPO. See its filing with the Securities and Exchange Commission here.
For the first nine months of the year, the company made $6.3 million in net income on $60.3 million in revenue, showing relatively robust… Continue Reading