Purple Labs raises $14.5 million of venture capital

Purple Labs Raises $14.5 Million USD in Initial Round of Venture Capital
Financing



Chambéry, FRANCE ? 25th September 2007 ? Purple Labs, a leading supplier of
embedded Linux solutions for the wireless industry, announced today that it
secured $14.5 Million USD (10.5 Million ?) in an initial round of venture
capital funding. This investment comes five months after Sofinnova bought out
Purple Labs?previous Spanish owner. The round was led by Sofinnova Partners
(Paris), Earlybird (Munich) and Partners Group (Zurich). The funding will
allow Purple Labs to expand its business into new markets and to strengthen
the company? position with existing partners.



Purple Labs was among the first companies in the world to ship a Linux mobile
phone fully approved by European network operators. From its beginning as a
design center specializing in mobile phone development, Purple Labs has
expanded its operation to market and distribute its full, low-cost Linux
solution.



?The open operating systems market for mobile is now taking off and Linux
will represent a large market share. Purple Labs has not only a fully
operational technology allowing the lowest cost handsets to run on Linux, but
also a fully proven technology already embedded in millions of phones,? said
Roland Manger, an Earlybird Managing Director.



?A fast moving market, a proven technology, a strong team, a fine set of
investors: we believe these are the ingredients for a recipe of success,?
added Jean Schmitt, a Sofinnova Partners Managing Director.



?Purple Labs has made substantial investments in Linux over the years,
convinced of its benefits to design houses, ODM? and manufacturers looking
for a powerful software platform on which to build their future products,?
commented Dennis O?onovan, co-Founder of Purple Labs. ?We?e pleased to have
respected investors validating our technical choice in Linux. We look forward
to rewarding their faith in the Purple Labs team.?



With a long history in Linux software development and in depth knowledge of
mobile phone design and customization, Purple Labs is in the position to meet
even the more demanding needs of its customers. The company offers a complete
solution spanning from hardware reference design to a complete customisable
Linux software suite, thereby offering customers a true one-stop-shop
solution.



About Purple Labs

Founded in 2001 in Chambéry in the south of France, Purple Labs offers a full
Linux software suite to the wireless industry packaged as a customisable
software solution or packaged as part of full hardware and software reference
design. The company offers comprehensive solutions (from entry level to
smartphone) allow design houses ODM? and phone manufacturers to quickly
address market demands and segment their offer. Purple Labs expertise
includes definition, design, development and validation of products
(hardware, software and integration). In addition, it covers complete user
interface customisation and manufacturing support. Working with pre-defined
but modular platforms, Purple Labs enables its customers to deliver
cost-effective and state-of-the-art mobile handsets within an optimised lead
time. http://www.purplelabs.com.



Press Contact: 

Jean-Marie André

Purple Labs

jma@purplelabs.com

Tel: +33 (0)4 79 26 48 60





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Title:     	Purple Labs Raises $14.5 Million USD in Initial Round of Venture
Capital Financing

Re:		Purple Labs

Date:	  	25/09/2007



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