DJ MediaOne, Intel, Cisco Sys Invest $12M In InfoGear
REDWOOD CITY, Calif. (Dow Jones)--Cisco Systems Inc. (CSCO), Intel Corp. (INTC), and MediaOne Group Inc.'s (UMG) MediaOne Ventures and others invested $12 million in InfoGear Technology Corp., a company making technology to connect telephones to the Internet.
In a press release Monday, privately held InfoGear Technology, Redwood City, Calif., said it named Cisco Systems Senior Vice President Charles Giancarlo to its board.
Other investors including Allegro Capital, Associated Venture Investors, H&Q Venture Associates and TI Ventures, Indosuez Ventures, Labrador Ventures, and New Enterprise Associates also participated in the preferred B financing.
In addition, InfoGear entered an agreement with EToys Inc. (ETYS) to allow IPhone webphone customers to purchase toys and children's products directly from the EToys Web site using InfoGear's IPhone.
IPhone is an integrated telephone and Internet device, which allows users to browse and purchase products from EToys' catalog by simply touching the EToys icon on the IPhone's touch-screen interface.
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