Vodafone plc (NYSE; LSE: VOD) has made a strategic investment in mobile applications developer Perfecto Mobile Ltd. The investment of several million dollars was made through Vodafone's investment arm Vodafone Ventures.
Perfecto Mobile's application enables companies to test their mobile applications and services on mobile devices over the Internet. Vodafone has been a Perfecto customer since last February, when it chose the company to provide an online environment where its partners could access pre-launch Vodafone handsets for testing.
In September 2009, Perfecto Mobile raised $7 million in its second financing round from Carmel Ventures and Vertex Venture Capital. The company has raised $14 million since it was founded by CEO Eran Yaniv, CTO Yoram Mizrahi, and VP business development Jacky Allal in 2006, not including the funding from Vodafone.
Pefecto said that it will use the proceeds to expand its service to more handsets, regions, and networks, especially in Asia, Africa, and Latin America.
Published by Globes [online], Israel business news - www.globes-online.com - on June 22, 2010
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