Leading European SIP-venture secures 10.5 million Euro in financing
Leading European SIP-venture secures 10.5 million Euro in financing - 3i, Argnor Wireless Ventures and GO Capital invest in Hotsip Swedish technology company Hotsip has closed its second round of financing, securing 10.5 million Euro from strategic investors in a new share issue. The company develops applications and products for fixed and mobile Internet based on the emerging SIP standard (Session Initiation Protocol). SIP is fundamentally important for the shift from the old telecom infrastructure to new modern IP based networks and e.g. IP-voice. The new investors, 3i, Argnor (formed by