XCome Secures Venture Funding from iD TechVentures
Posted on Wednesday, May 03, 2006 @ 15:05:50 EDT by xtv
ilon writes "XCome Technology, a global leading application innovator for carriers and handset manufacturers in the wireless world announced that it has completed a round of Series A Financing from iD TechVentures Inc, a prominent Greater China based venture firm which is part of the iD SoftCapital Group established by Acer founder Stan Shih.
Taipei, Taiwan, May 3, 2006 (XTVWorld.Com) -- Says Edward Leung, partner at iD TechVentures Inc.: "We are dedicated to the development and expansion of start-up and independent companies. We believe that XCome's focus in the growing fields of mobile messaging and M-learning as well as strong track record working with top-tier handset manufacturers such as Nokia and Motorola as well as mobile operators places it in a strong position for future success."
"This
round of funding is a tremendous endorsement of our business, and will not only carry us through to profitability, but will allow us to grow our business more aggressively," said Kevin Tarn, CEO of XCome. "Today, investors are only funding companies that have fundamentally sound businesses, expanding markets, and superior products. We are grateful to be in a position where we have all three key ingredients."
About iD TechVentures Inc.: iD TechVentures Inc. (iDT), formerly known
as Acer Technology Ventures Inc. is the core VC units of iD SoftCapital Group for the Greater China investment. iDT started operation in early 2000 with high caliber professionals based in Shanghai and Taipei. The management team consists of seasoned partners with in-depth know-how of various industries, and with solid track records exampled by many successful exits. The company is well recognized in Greater China and around the globe for its value added capabilities to nurture future industry leaders.
About
iD SoftCapital Group: iD SoftCapital Group was established by Acer Founder, Stan Shih, together with venture capital veterans and former Acer senior management, offering expertise in asset and fund management, and consulting services. The group currently manages assets worth NT$33 billion, and a total fund size of NT$14.5 billion divided between venture capital, incubation, and reengineering funds.
About XComeT Technology Co., Ltd: XCome is the world leader in innovating software applications
for telecom operators and handset manufacturers. Dedicated to the latest mobile based technology, XCome has launched a comprehensive and user-friendly series of products to enrich users' mobile lives.
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