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ATRUA ANNOUNCES $9M IN FUNDING
Capital Supports Rapid Growth as Company’s Best-in-Class Products Meet Need for Improved Mobile Phone Security and Usability
CAMPBELL, Calif.,
December 7, 2006 – Atrua Technologies,
Inc.(www.atrua.com), the pioneer and foremost innovator of Intelligent
Touch ControlsTM for mobile devices, today announced that it has raised $9M in a fourth round of funding. This round of investment was led by existing investor BlueRun Ventures and new participant Hua Hong Group of China. Also participating in the round are current investors Ericsson Venture Partners, Neocarta Ventures and Osprey Ventures and new investor Mosen Company Limited, of South Korea. The funding provides working capital for Atrua’s accelerating business growth.
“The market demand for Atrua’s products has continued to accelerate due to the growth of new mobile phone applications that require strong authentication and improved control,” stated Peter Buhl, partner at BlueRun Ventures. “With this financing the company is well armed to sustain its rapid growth.”
"Atrua’s focus on developing fingerprint recognition and touch control solutions optimized for mobile handsets continues to pay off,” said Anthony Gioeli, president and CEO of Atrua. “Our customers who make mobile handsets are responding enthusiastically to our products, because they recognize that Atrua provides them with superior technology and solutions for their application.”
The addition of Hua Hong Group to Atrua’s investment backers indicates the expanding relationship between Atrua’s Shanghai development office and the mobile phone design and manufacturing industry in China. The participation by Mosen, a leading supplier of mobile phone keypads and housings to major mobile phone makers, including Nokia and Samsung, reinforces Atrua’s position as a top supplier to the mobile phone industry.
About Atrua Technologies, Inc.
Atrua Technologies, Inc. is the
industry’s leading provider
of intelligent touch controls, a new class of user input device
that improves ease of use, security and personalization for advanced
applications and services on today’s mobile phones, handheld
games and other personal electronic devices. Supported by world-class
strategic partners and blue chip investors, the company provides
a broad range of innovative input products that utilize Atrua’s
touch processing technology to deliver market leading fingerprint
recognition and advanced analog control. Designed for mobile devices, Atrua’s
solutions help users glide through and access their mobile e-mail and music,
increase gaming excitement and enable one-touch commands that accelerate access
to mobile data services and secure financial transactions through fingerprint
recognition. The company’s backers
include Blue Run Ventures, (formerly Nokia Venture Partners), Ericsson Venture
Partners, Acer Technology Ventures, NeoCarta Ventures and Intel Capital. For
more information please visit www.atrua.com
All Atrua product names are trademarks of Atrua Technologies, Inc. All other company and product names are trademarks or registered trademarks of their respective owners.
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