Mobile Internet applications firm Mobilitec secures $10m in secondary round

Investors include Lucent Ventures, Sun Microsystems and AIG Orion
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Mobilitec today announced that it has secured over $10 million in a secondary financing round. broke the news of the round on July 23.

The round was led by Lucent Venture Partners. Investors included Sun Microsystems (Nasdaq:SUNW) and AIG Orion.

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).

Mobilitec integrates its solutions with those of Israeli billing software giant Amdocs (NYSE:DOX), and with customer relationship management firm Siebel Systems (Nasdaq:SEBL).