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PocketThis Debuts Wireless Pocket Solution at DEMO 2001
VoiceStream and France Telecom Lead Carrier Adoption of PocketThis
Company Raises $10.5M from SBVC, Arts Alliance, Innovacom-France Telecom, Orange
PHOENIX (February 12, 2001) PocketThis (www.pocketthis.com) today introduced an entirely new way to provide Web content to wireless users. The company demonstrated its new technology, also called PocketThis, at the IDG DEMO 2001 Conference Technology Showcase.
PocketThis is unlike any other wireless Web solution introduced to date, because it gives users a virtual Pocket in which to store and quickly act on information that they choose from the Internet or desktop. PocketThis lets users choose the Web information they want to access on their wireless phones and wireless-enabled personal digital assistants (PDAs) and enables them to act on that information with one-touch options.
PocketThis is about people, not devices. Instead of merely reformatting existing Web- or desktop-based technologies for use on wireless phones or PDAs, we have created a new technology from the ground up that enables users to capture, access and act on specific information that they choose, said Nancy Benovich Gilby, president, CEO and co-founder of PocketThis. The commitments that we have secured from our customers, venture capitalists and European partners are a testament to the uniqueness of our approach and the prospects for our company.
The Product
While most wireless applications are technology-centric, focused on reformatting existing Web content for additional devices or syncing information from multiple devices, PocketThis is pioneering user-centric wireless solutions. The company conducted in-depth studies of wireless users’ behavior to develop a solution that meets users’ needs. The solution is sold on a private-labeled basis to wireless carriers worldwide. Using his or her Pocket, a user can
- capture information from the Internet or other sources;
- access it from a phone, personal digital assistant or desktop; and
- act on it with one-touch options.
PocketThis makes it easy for users to act on the pocketed information by making the content:
- live updates automatically without syncing;
- intelligent anticipates a user’s additional needs; and
- actionable allows one-touch actions to capitalize on pocketed information.
PocketThis provides a key solution to the wireless Web dilemma by giving users the ability to mobilize the information that they choose, said Jim Forbes, executive editor, DEMO Letter and executive producer, DEMO conferences for IDG. Wireless carriers that adopt the PocketThis platform can provide compelling content immediately and establish the infrastructure that meets the users’ current and future needs. PocketThis was one of 77 companies, selected from a pool of 800, that presented at the prestigious DEMO conference this year.
The wireless Web is going to be a very important channel for accessing information in years to come, but, so far, methods of obtaining data by wireless devices have been more hype than reality, said Jeff Kagan, an independent telecom analyst. PocketThis has developed a unique and easy-to-use format for capturing and using the information you want from the Web through your wireless device.
Investors and Customers
PocketThis launches with $10.5 million in first-round funding and customer relationships with wireless carriers in the United States and Europe. Investing in PocketThis are venture capital firms SBVC and Arts Alliance, as well as European telecommunications companies Innovacom-France Telecom and Orange S.A. The company is using the funds to market its new private-labeled product, also called PocketThis, to wireless carriers worldwide. Current PocketThis customers include VoiceStream in the United States and France Telecom in Europe, which are deploying the PocketThis solution on a trial basis.
Core to the Orange vision is helping people communicate and access whatever they want, wherever they are, said Rich Miner, vice president for OrangeImagineering, a division of Orange S.A. PocketThis innovative services humanize the current technology for wireless data to help us to achieve this goal. PocketThis simplifies and reduces the time to access mobile data more than any other technology or product I have seen. We are excited to be working with PocketThis on potential deployments in Orange markets.
We believe that PocketThis will rapidly change the way consumers use wireless Internet functionality. Surfing the Web on a handset can be a time-consuming and frustrating experience, said Greg Galanos, principal managing director, SBVC. With PocketThis, the user takes control of the Web in a personalized fashion, radically changing the wireless Web into an interactive, personal experience. PocketThis lets you pocket the parts of the Web that you really care about and leave the rest behind.
About PocketThis
PocketThis, based in Oakland, Calif., is pioneering wireless solutions based on customer needs. Instead of merely reformatting Web content for mobile devices, PocketThis through its wireless carrier customers allows users to capture information from the Internet or other sources, store it in a pocket and act on it from a phone, PDA or desktop.
PocketThis software permits the integration of user-selected content from the Internet or other sources with mobile devices. Content stored in a pocket, accessible by phone, PDA or desktop, is live, automatically updated without synching; intelligent, anticipates a user’s additional needs; and actionable, allows one-touch actions to capitalize on pocketed information. View a demo of the product.
About DEMO 2001
The annual DEMO conference focuses on emerging technologies and new products, which are hand-selected by executive producers Chris Shipley and Jim Forbes from across the spectrum of the personal technology marketplace. Top executives from the leading hardware and software technology companies, venture capitalists, journalists from key industry publications and industry analysts attend the DEMO conference to preview the most promising products and technologies for the coming year. For more information, visit DEMO.
About SBVC
SBVC works with the best entrepreneurs to create the most powerful companies of the Internet economy. SBVC has $2.5 billion under its management, over 150 leading Internet companies in its portfolio, and an unparalleled investment team of former CEOs and entrepreneurs, technology pioneers, senior executives from major technology corporations, and leaders from the investment banking community. Companies in its portfolio include Art Technology Group, BUY.COM, E*TRADE, Interliant, iPrint.com, Net2Phone, PeoplePC, Preview Systems, Support.com and TeraBeam Networks.
About Arts Alliance
Founded in 1996, Arts Alliance is a leading trans-Atlantic venture capital firm investing in early stage Internet, new media and wireless enabling technologies. Arts Alliance uses a hands-on approach to provide detailed operational and strategic expertise, as well as the capital to succeed. Companies in its portfolio include AtomShockwave, lastminute.com, Upoc, Spinner.com, Planet All and estyle.com.
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Contacts:
Bahar Erbengi
Blanc and Otus
202-295-3428
[email protected]
Todd J. Kluger
PocketThis
510-740-5213
[email protected]
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