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BlueRun Ventures' Portfolio Companies Display Products and Services at 3GSM World Congress

Posted on: Monday, 14 February 2005, 12:00 CST

CANNES, France, February 14 /PRNewswire-FirstCall/ -- BlueRun Ventures (http://www.brv.com/), formerly known as Nokia Venture Partners, a leading early stage venture capital fund, today announced that several of the firm's portfolio companies will showcase their products and solutions at the 3GSM World Congress held this week in Cannes, France. In the BlueRun Ventures booth located at Stand G12 Hall 2 are Atrua, Bitfone, Oplayo, ProQuent Systems, and Sequoia Communications.

"We are pleased to have some of the world's most innovative solutions displayed at this year's 3GSM event," said John Malloy, general partner of BlueRun Ventures. "BlueRun Ventures newly announced third fund further enables us to invest in early stage companies that are shaping the global communications industries. This event kick starts what we believe will be a year of continued innovation and entrepreneurial success."

The BlueRun Ventures portfolio companies participating in this year's 3GSM event will showcase the following:

Atrua Technologies, Inc.: as the industry's leading provider of intelligent touch controls, Atrua is demonstrating one-touch controls that provide easy, rapid, and secure access to advanced services. The Atrua Wings(TM), Atrua's flagship product, detects and converts intuitive finger movements into rich and responsive control capabilities making is easy for consumers to access games, multimedia applications and mobile data services.

Bitfone: the company that pioneered firmware over the air (FOTA) update technology for mobile phones with mProve(TM), has greatly expanded its device management offering since winning the "Cutting Edge Promise Award" at 3GSM in 2004. In September, Bitfone announced its "Find it. Fix it. Enhance it." value proposition for mobile operators with the introduction of SmartCare(TM) for customer care automation and MVP(TM) for standards-based delivery and lifecycle management of update packages for mobile phone software. Bitfone has since announced a global deal with LGE, the award of a broad-based FOTA patent by the USPTO, and the deployment of an open source system for device management interoperability testing. This year at 3GSM, Bitfone will be highlighting integrated solutions with Gemplus, McAfee, PalmSource, Axalto and QUALCOMM.

Oplayo Mobile: Oplayo Oy, the leading mobile video specialist demonstrates it transformation into an Application Service Provider (ASP) with the launch of Oplayo Managed Media Services(TM) (OMMS(TM)). The new service is launched with three operators already signed up to the new ASP solution globally. Oplayo recently announced it passed the one million monthly paid video transactions via its Oplayo Managed Media Services(TM) (OMMS).

ProQuent Systems is a provider of infrastructure to enable network-centric services. These services currently include product offerings in real-time content billing, real-time content filtering and usage monitoring. The solutions are based on ProQuent's low-latency patented IP Detection Point(R) technology, which allows these solutions to operate at wire speed delivering the scalability required by mobile operators. The extensible MSSP(R) platform supports the services required today while paving the path for next-generation services.

Sequoia Communications: enables wireless handset manufacturers to accelerate their time to market by shortening the RF design cycle of integrated multi-mode solutions. The company uniquely integrates different modes using a common architecture on a single chip enabling effective communications across multiple wireless standards including GSM/GPRS, EDGE, WCDMA, GPS, WLAN and more. Single-chip RF transceivers developed using Sequoia Communications' innovative approach and common architecture will set new industry benchmarks in chip cost, component count, PCB size and power consumption.

About BlueRun Ventures:

Launched in 1998 as Nokia Venture Partners, BlueRun Ventures is a leading early stage venture capital fund. BlueRun Ventures' proven approach is to invest globally as a single fund in best of breed technologies, and teams with the drive and ability to build leading global companies. BlueRun Ventures is headquartered in Menlo Park, California, with offices in Helsinki, Herzelia (Israel), London, New Delhi, Seoul, Shanghai, Tokyo, and Washington, D.C. For more information, visit http://www.brv.com/.

Nokia

CONTACT: Valerie Christopherson, Bock Communications, Inc., Tel.+1-714-540-1030, ext. 17, Email: vchristopherson@bockpr.com;Gina Bauman, BlueRun Ventures, Tel. +1-650-462-7255, Email:gbauman@brv.com

Source: PRNewswire-FirstCall

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