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Mobile Monday Boston, a networking organization centered around the mobile and wireless industry in Boston, has released its quarterly investment review of the greater Boston mobile industry, reporting $215 million in investment in local mobile companies for the three-month period.
The total represents the largest quarterly investment in mobile in the past five quarters, according to organization officials, and includes both private and public financings over 11 local companies.
Burlington-based Nuance Communications Inc. led the investment with the January sale of 17.4 million shares of stock, valued at $175 million. The quarter also included private venture capital investments in wireless infrastructure company Quantia Communications LLC of Newton, enterprise mobile software organizations Onset Technology Inc. of Waltham and Vela Systems Inc. of Burlington, and mobile advertising firms Quattro Wireless Inc. of Waltham and Extreme Reach Inc. of Needham.
Last quarter, covering the last three months of 2008, Mobile Monday reported approximately $150 million in financings.
Mobile Monday is a worldwide network of local chapters supporting the mobile industry. Launched in 2006, Mobile Monday Boston is one of the largest chapters, boasting more than 500 attendees at its last event. Next meet, the group will hold its monthly networking event at the Fairmont Copley Plaza, where Massachusetts Governor Deval Patrick will be the featured speaker.
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