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Enuvis, Inc. Aggressively Enters Global Market for Wireless Location-Based Services; Unveils Patent-Pending Software Technology; Announces Customer Trial With SK Telecom; Secures More Than $15 Million Financing From Greylock, August Capital And SK Group.

Publication: PR Newswire
Publication Date: 18-MAR-02 		Format: Online
Delivery: Immediate Online Access

Article Excerpt
ORLANDO, Fla., CTIA Wireless 2002 -- Enuvis, Inc., a provider of UrbanGPS(TM) software technology for mobile devices, today demonstrated its solution for the first time and announced it has successfully conducted trials with leading wireless carriers and consumer electronics manufacturers including SK Telecom, the largest wireless carrier in South Korea. The company also announced it has raised more than $15 million in financing from Greylock, August Capital, SK Group and individual investors including the founders of Openwave Systems (formerly Phone.com) and VLSI Technologies.

Enuvis is targeting the global wireless location-based services market, which is estimated by industry analyst firm Ovum, in its Mobile Location Services Report, to be worth $20 billion by 2006. Location-based services include wireless emergency 911 location,...

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