Rococo Software Raises Fresh Capital for Growth
* Reuters is not responsible for the content in this press release.
DUBLIN, IRELAND, Oct 01 (MARKET WIRE) -- Rococo Software, the global leader in Bluetooth wireless technology infrastructure for mobile phones, today announced that it has successfully raised new capital following from the placement of new shares in the company. The new investment will be used to accelerate Rococo's activities to expand the usage of Bluetooth applications on mobile phones and other devices, and increase the shipment of Rococo's software globally. As pioneers in Java and Bluetooth technology, Rococo created the world's first software developer tools and infrastructure software based on the JSR82 standard for Java and Bluetooth technology. Rococo has continued to innovate and lead the market with its Impronto range of tools and licensing kits. There are now more than 100 million mobile phones shipped by major manufacturers such as Samsung, Motorola, Panasonic and Amoi with Rococo's technology. The Impronto product range makes it easy for mobile phone manufacturers to add Java and Bluetooth capability to their platform and helps developers focus on creating innovative wireless applications. The result is faster, easier construction of proximity-based Bluetooth applications. "When we helped create the JSR82 standard, we envisaged a time when most phones would have Bluetooth on board, and developers could create exciting new connected applications", said Sean O Sullivan, Rococo's CEO, "That time has arrived, and we plan to help spur the next phase of innovation by giving handset manufacturers and software developers a new generation of rich Java/Bluetooth tools and APIs." Bluetooth technology has become a "must have" feature for mobile phones and Rococo's new roadmap will enable developers to incorporate Bluetooth in to a wider range of new applications. The new roadmap includes higher level software frameworks to enable phones manufacturers and developers to quickly roll out peer-to-peer gaming and social proximity solutions and it is also designed to tap the new Bluetooth low energy specification, anticipated for release in late 2009. By enabling the creation of new healthcare and sporting services and applications that connect devices such as fitness equipment , watches and remote controls directly to the mobile phone, Rococo, with the support from their international partners, will work to promote and deliver these new services and applications globally. "Rococo helped lead the way in connecting Java to Bluetooth,' said Michael Foley, Ph.D., executive director of the Bluetooth SIG. "With so many wireless applications being developed in Java, we're excited to see Rococo continue to push to put the power of Bluetooth in the hands of the millions of Java developers world wide. We're looking forward to seeing them create new apps that will delight consumers." Manager of Enterprise Ireland's Software Division Jennifer Condon, added: "Rococo, an Enterprise Ireland client company, is poised to become a leading niche supplier of Bluetooth infrastructure technology with its new roadmap and the continued growth in the Bluetooth enable mobile device market. Like many of Ireland's technologically advanced companies, all of Rococo's growth will come from exporting and this significant investment will accelerate Rococo's scaling potential in export markets." Ryu Koriyama, CEO of Aplix, said "Rococo has been a key partner of Aplix for many years, and we are very excited about the potential of the company and its technology. We are about to see a whole new generation of Bluetooth applications and services, resulting from the mass availability of Bluetooth-enabled devices, and renewed focus in the market on third-party applications. Rococo's long-standing focus on supporting the developer with middleware and tools means it is now very well positioned to address this opportunity." About Rococo Rococo Software (www.rococosoft.com) has been a leader in Java/Bluetooth technology since the genesis of the JSR82 technology standard in late 2000. Rococo played a key role in developing the JSR82 standard as a member of the JSR82 Expert Group. In 2001, Rococo created the world's first software developer tools and infrastructure software based on the JSR82 standard for emerging Java/Bluetooth market. Today, Rococo has significant OEM partnerships in Japan and the US for its Java/Bluetooth products. Customers for Rococo's tools and infrastructure software include Nokia, Sony Ericsson, Motorola, IBM, Aplix, Amoi and Myriad. In addition, hundreds of universities use Rococo's Impronto tools to teach wireless computing. Rococo's software has been deployed on more than 150 million handsets to date. Contacts: Rococo Software Limited Sean O'Sullivan +353 1 4877619 email@example.com www.rococosoft.com Copyright 2009, Market Wire, All rights reserved. -0-