Littlefeet Finds Littlebuyer
The firm intends to use Littlefeet's SPICE (Small Profile Intelligent Coverage Element) product line to bolster its own product line of repeaters, which are designed to increase the range and coverage of cellular networks.
Littlefeet has a small, skateboard-sized base station that is intended to be installed on lampposts in built-up areas. This unit "talks" to another Littlefeet base station collocated at the main cell site. The entire system is designed to improve coverage in areas where it is difficult to install standard -- read large and power-hungry -- base stations (see Littlefeet's First Steps).
The man who helped to sell Littlefeet, Brian Sagi, CEO of Cerian Technology Ventures LLC says that the firm will continue to operate under its own name (although the Website appears to be down right now) and products will be on the market soon.
Sagi wouldn't be drawn on how much Littlefeet's assets sold for. But last time we spoke, Sagi noted that the selling price was likely to be somewhat less than the $60 million plus that VCs originally pumped into the company (see Littlefeet Isn't Dead...).
— Dan Jones, Site Editor, Unstrung