Light Reading

Fastmobile Pushes With $12M

Light Reading
LR Mobile News Analysis
Light Reading
5/16/2005
50%
50%

Software vendor fastmobile Inc. has scored a $12 million series B cash injection, as the company gears up for battle with rival startups and incumbent players in the push-to-talk (PTT) space (see Fastmobile Secures $12M).

Founded in 2003, the Illinois-based company has attracted investment from new partners Doll Capital Management (DCM) and Walden International, as well as existing investors BlueStar Ventures and Leo Capital Holdings LLC. Total investment to date is $21 million (see FastMobile Raises $4M).

Fastmobile is best known for its fastchat “instant voice messaging” service, similar in concept to the digital walkie-talkie-like PTT service pioneered in the U.S. by Nextel Communications Inc. (Nasdaq: NXTL). It’s not quite the same, however, as it allows users to send pre-recorded messages back and forth to each other, rather than offering a real-time connection.

“We believe that our ‘store and forward’ approach is a much better route,” comments fastmobile’s sales and marketing director, John O’Boyle. “You can store a message and send it forward. We also have a history of the call that we store on the server and handset. That is innovative and unique to us. It’s not as fast as instantaneous PMR [Public Mobile Radio], but the research we have is that, apart from emergency services, it doesn’t make much difference as long as you can get reactions in around 1.5 seconds.”

The vendor has won carrier deals with Dialog GSM in Sri Lanka, Hutchison Essar in India, Telecom Italia Mobile SpA (Milan: TIM), and German mobile virtual network operator (MVNO) Victorvox (see Fastmobile Pushes in India).

Fastmobile is competing against rival startups such as Kodiak Networks and Sonim Technologies Inc., as well as the likes of Ericsson AB (Nasdaq: ERICY), Motorola Inc. (NYSE: MOT), and Nokia Corp. (NYSE: NOK) in the nascent PTT space. Despite such support, carriers outside the U.S. have been slow to deploy services, and long-term commercial success remains uncertain (see PTT: The New SMS?).

“There’s three factors involved here,” notes O’Boyle. “Firstly, we still don’t have sufficient numbers of handsets in the market to make it a reality. PTT requires a community, and you need to have enough people. The second point is that standards have not yet been approved. I don’t think interoperability with the POC standard is far away, and that will obviously help… Thirdly, this is something that’s new. We have to build through the niches…

"At a personal guess, it will be about another 18 months to 2 years before PTT matures.”

With a headcount of 33, the startup will be using its extra cash to ramp up sales and technical staff, as well as expand its product portfolio.

“This freezes us from the need to be immediately profitable,” adds O’Boyle. “We can now take a longer-term view. Traditionally we have been PTT-led. Push-to-talk is still important to us, but PTT on its own isn’t enough. We need to look at new services such as mobile instant messaging and email in terms of our fastchat service.”

— Justin Springham, Senior Editor, Europe, Unstrung

(0)  | 
Comment  | 
Print  | 
Newest First  |  Oldest First  |  Threaded View
Flash Poll
From The Founder
Networks of the future will rely on "white box" switches and servers rather than proprietary hardware and that's going to alter the shape of the communications industry. Who says so? John Chambers.
LRTV Custom TV
The Benefits of HyperScale Clouds for NFV

3|27|15   |   01:50   |   (0) comments


Hyperscale cloud has been developed by the Internet giants to support the creation and delivery of software-based services at blistering speeds, and at the lowest possible cost. The original ETSI NFV vision was to adopt hyperscale cloud architecture and practices. This vision has become somewhat obscured along the way, due to misunderstandings about the hyperscale ...
LRTV Huawei Video Resource Center
eLTE Rapid Meets the Need for Speed

3|26|15   |   4:45   |   (0) comments


Designed especially for emergency and dedicated ad hoc local mobile communications coverage, Huawei's eLTE Rapid solution can deliver trunked voice, video and data coverage for multiple users over a 6km range and be set up in just 15 minutes, explains Huawei's Norman Frisch.
LRTV Huawei Video Resource Center
On Videos: Challenges & Opportunities

3|26|15   |   5:56   |   (0) comments


Most everything is now connected. And along with 4K and 4G technologies, everyone could be creating and broadcasting video contents. Users are expecting better video experience with any screen, anywhere and anytime. Operators will meet new challenges, but also see some big opportunities.
LRTV Custom TV
JDSU: Delivering Dynamic Networks for a Personalized Experience

3|26|15   |   5:59   |   (0) comments


Light Reading speaks to JDSU at Mobile World Congress 2015 about new solutions in the areas of HetNets, VoLTE, backhaul, virtualization, big data analytics, and real-time intelligence.
LRTV Custom TV
Smarter Service Chaining & New Ways to Benefit From Qosmos Technology

3|25|15   |   03:11   |   (0) comments


David Le Goff, director of strategic and product marketing at Qosmos, explains how the company has added application awareness to subscriber information to make service chaining more efficient and reduce costs for networking and infrastructure. In addition, Qosmos technology, which has been delivered as C libraries, is now also available as a virtual machine, ...
Between the CEOs
Qosmos CEO: The Changing Face of DPI

3|24|15   |   13:53   |   (0) comments


LR CEO and Founder Steve Saunders sits down with the head of Qosmos to talk about the changing state of the art in deep packet inspection technology, including its role in SDN and NFV architectures. Also, how the comms market is becoming more like the automotive industry.
LRTV Huawei Video Resource Center
FC Schalke Scores With Its Agile Stadium

3|24|15   |   6:23   |   (0) comments


Top German soccer club FC Schalke 04 has deployed a new, agile WiFi network from Huawei in its Veltins-Arena stadium and is reaping the benefits in terms of customer satisfaction and business opportunities, explains marketing chief Alexander Jobst.
LRTV Huawei Video Resource Center
Huawei’s Insights on Mobile Video

3|24|15   |   7:51   |   (0) comments


More people than ever are now watching videos on smartphones. Seventy percent of mobile traffic will be video traffic until 2018. In this video, Huawei's exports give their insights on mobile video in terms of business model, network planning and 4G network construction.
LRTV Documentaries
The Rise of Industry 4.0

3|24|15   |   02:26   |   (9) comments


Are you ready for the fourth industrial revolution? It's a big deal for influential operators such as Deutsche Telekom.
LRTV Huawei Video Resource Center
Getting Connected With eLTE

3|23|15   |   06:04   |   (0) comments


Trunked radio communications have entered the 4G LTE world, and with Huawei's eLTE solution, can now deliver a full range of data and video services as well as push-to-talk voice, explains Huawei's Norman Frisch.
LRTV Huawei Video Resource Center
Funkwerk’s on Track With Huawei

3|19|15   |   3:23   |   (0) comments


GSM-R technology specialist Funkwerk and Huawei have forged a partnership that is benefiting both parties, notes Funkwerk's Gottfried Winter.
LRTV Documentaries
How EANTC Tested Cisco's Virtualization Solutions

3|18|15   |   5:49   |   (0) comments


Carsten Rossenhövel, managing director of independent test lab EANTC, tells Light Reading founder and CEO Steve Saunders about the innovative approach his team had to take when validating Cisco's service provider virtualization and cloud solutions.
Upcoming Live Events
April 14, 2015, The Westin Times Square, New York City, NY
May 5, 2015, Hyatt McCormick Place, Chicago, IL
May 6, 2015, Georgia World Congress, Atlanta, GA
May 12, 2015, Grand Hyatt, Denver, CO
May 13-14, 2015, The Westin Peachtree, Atlanta, GA
June 8, 2015, Chicago, IL
June 9-10, 2015, Chicago, IL
June 9, 2015, Chicago, IL
June 10, 2015, Chicago, IL
September 29-30, 2015, The Westin Grand Müchen, Munich, Germany
All Upcoming Live Events
Infographics
Hot Topics
AT&T Woos SMBs With Small-Scale WiFi
Sarah Thomas, Editorial Operations Director, 3/26/2015
The Rise of Industry 4.0
Ray Le Maistre, Editor-in-chief, 3/24/2015
Google Hires Wall Street's Most Influential Woman as CFO
Dan Jones, Mobile Editor, 3/24/2015
Average US Broadband Speeds No Great Shakes
Mari Silbey, Independent Technology Editor, 3/25/2015
Net Neutrality Suits: Only The Beginning?
Alan Breznick, Cable/Video Practice Leader, 3/24/2015
Like Us on Facebook
Twitter Feed
Webinar Archive
BETWEEN THE CEOs - Executive Interviews
LR CEO and Founder Steve Saunders sits down with the head of Qosmos to talk about the changing state of the art in deep packet inspection technology, including its role in SDN and NFV architectures.
Chattanooga’s EPB publicly owned utility comms company has become a poster child for how to enable a local economy using next-gen networking technology. Steve Saunders, Founder of Light Reading, sits down with Harold DePriest, president and CEO of EPB, to learn how EPB is bringing big time tech to small town America.
Cats with Phones
Interspecies Phone Love Click Here
"No, you hang up."
"No, YOU hang up."
Latest Comment