Published:
Digital Orchid Receives Strategic Funding From QUALCOMM, Strengthens Global Mobile Customer Experience
Digital Orchid Joins QUALCOMM's Growing Portfolio of Companies Accelerating the CDMA Market
Digital Orchid, the industry's leading
innovator in the development, management, and distribution of branded
real-time wireless applications, today announced QUALCOMM Incorporated
, pioneer and world leader of Code Division Multiple Access
(CDMA) digital wireless technology, has made a strategic investment in
Digital Orchid Inc. The QUALCOMM Ventures investment group selected
Digital Orchid to join its portfolio of innovative, young companies helping
to expand the market for 3G wireless.
Digital Orchid develops a number of popular applications for QUALCOMM's
BREW® solution, including the recently released, award-winning NASCAR.COM
TO GO, PitCommand application. PitCommand is the first wireless
application to offer NASCAR fans access to real-time race information using
telemetry and GPS technology delivered directly to the cellular handset.
In addition to PitCommand, Digital Orchid provides NASCAR wallpapers,
ringtones and news to racing fans that use BREW-enabled handsets.
"Digital Orchid is excited to have QUALCOMM's support in delivering our
products and technology to the rapidly growing global CDMA market," said
Georges Daou, Founder and Chairman of Digital Orchid. "This investment
will help us reach the over 200 million consumers worldwide who are
interested in compelling wireless data applications. This partnership
expands and leverages the CDMA footprint in more than 80 countries."
Digital Orchid has shown revenue growth of 600% for 2004, equaling more
than 750 thousand content purchases through its consumer network. The
company has an established presence in the United States and is a market
leader in Latin America, which includes Mexico, Ecuador, Puerto Rico,
Nicaragua, and Guatemala. Digital Orchid will be expanding into Chile,
Argentina and Brazil by the first of next year.
"Digital Orchid's content development and distribution has been extremely
successful in enabling well-known consumer brands to extend their presence
into the wireless space," said Prashant Kantak, Senior Director of QUALCOMM
Ventures. "Our investment in Digital Orchid is an example of our support
for companies working to provide CDMA operators with innovative wireless
applications, therefore creating richer, more dynamic mobile experiences
for consumers."
QUALCOMM Ventures supports QUALCOMM's mission of enabling and fostering
CDMA and wireless Internet markets through strategic investments in
privately owned startup ventures. These strategic investments include
companies focusing on wireless communication technologies and products
serving consumer, enterprise and vertical markets worldwide.
About QUALCOMM Incorporated:
QUALCOMM
is a leader in developing and delivering innovative digital
wireless communications products and services based on the Company's CDMA
digital technology. Headquartered in San Diego, Calif., QUALCOMM is
included in the S&P 500 Index and is a 2003 FORTUNE 500® company. For
more information, please visit http://www.qualcomm.com.
About Digital Orchid:
Digital Orchid, a San Diego-based company provides exclusive wireless
branded applications to the global wireless community. Digital Orchid
leverages its patent-pending platforms to distribute real time dynamic and
interactive applications accessible through all new handsets. Based on
exclusive content agreements and experience with all major carriers.
Digital Orchid's partners include major brands in sports, entertainment,
broadcast media and gaming. For further information, please visit
http://www.digitalorchid.com.
QUALCOMM and BREW are registered trademarks of QUALCOMM Incorporated. All
other trademarks are the property of their respective owners.
Copyright © 2008, MarketWire
Copyright © 2008, NewsBlaze,
Daily News
Tags: ,Computers and Software:Internet, FinancialServices:VentureCapital, Telecom:CableandSatelliteServices, Telecom:Networking, Telecom:TelecommunicationEquipment, Telecom:TelecommunicationServices, Telecom:Wireless, ,NASDAQ01,NASDAQ01,NASDAQ01,CA,SAN DIEGO, CA
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