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Switzerland's Esmertec Makes Investment in Javaground

Authored by Mark Hefflinger on February 9, 2006 - 3:36am.
Zurich - Esmertec, a Switzerland-based software developer for mobile handsets and embedded devices, announced that it has made a strategic investment in Javaground, a supplier of tools and services that allow the deployment of Java games and applications across a number of models of phones and multimedia devices. Although financial terms were not disclosed, Esmertec did say that it has taken a 19.9% minority stake in Javaground and that it has an option to obtain a controlling interest in the company in 2007. Javaground has offices in Belgium and Silicon Valley.
tags: Investment | Esmertec | Javaground | Make | Switzerland |