Mobilitec today announced that it has secured over $10 million in a secondary financing round. TheMarker.com broke the news of the round on July 23.
The proceeds will be used for marketing and to strengthen the company's international presence.
Mobilitec secured $2.1 million seed money in August from AIG Orion and SingTel Ventures, the investment company of Singapore Telecommunications (SES:TELE.SI).
Mobilitec, founded in 2000, provides platforms to deliver applications and dynamic content to mobile devices, such as mobile phones and personal digital assistants.
Its solutions differ from those offered by eXalink, a subsidiary of Comverse Technology (Nasdaq:CMVT), or by Openwave Systems (Nasdaq:OPWV). While these solutions operate with cellular Internet technology, such as wireless application protocol, Mobilitec's solutions support more advanced technology, such as Java 2 Micro Edition, which provides a standard platform for cellular devices, mobile computers and PDAs.
The company's system utilizes an application service provider model, similar to the model used by Citrix Systems (Nasdaq:CTXS).