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Posts Tagged ‘OpenTablet 7’

OpenPeak taps in $27.9M for touchscreen devices and device management

Wednesday, April 20th, 2011

OpenPeakBOCA RATON, FL  – OpenPeak, a company selling touchscreen devices and a cloud-based device management platform that streamlines deployment and management for service providers and enterprises, has raised $27.9 million toward a $30 million offering, according to a regulatory filing.

The company previously raised $82 million from investors who include Intel Capital, Horizon Technology Finance, Velocity Financial Group, and GE Capital’s Commercial Distribution Finance unit.

We reported that the company raised $52 million of that amount June 2010.

At that time, Arvind Sodhani, president of Intel Capital and Intel executive vice president, said, “OpenPeak’s hardware, software and services harness the capabilities of the Intel Atom processor, creating new mobile, digital home and embedded products in a variety of vertical market segments.”

OpenPeak designs and develops end-to-end managed platforms and devices that enable service providers, utilities, applications developers, and content owners to interact with customers in their homes, offices, and while traveling.

Its OpenServices is a cloud-based device management platform that streamlines application/service deployment and management for service providers and enterprises.

It introduced its 4G ready OpenTablet touchscreen devices that run on the Android operating system during hte 2011 Mobile World Congress in Spain.

The company disclosed the latest raise in a filing with the US Securities and Exchange Commission. The filing cites principals from New York’s RRE Ventures, Texas-based Castletop Capital, Illinois-based Ritchie Capital, New York’s GMG Capital Partners, and The Blackstone Group, among others.

OpenPeak taps in $15.5M for touchscreen devices & management platform

Monday, March 14th, 2011

OpenTablet7

BOCA RATON, FL – OpenPeak, a company selling touchscreen devices and a cloud-based device management platform that streamlines deployment and management for service providers and enterprises, has raised $15.54 million of a $26 million mixed securities offering, according to a regulatory filing.

The company previously raised $82 million from investors who include Intel Capital, Horizon Technology Finance, Velocity Financial Group, and GE Capital’s Commercial Distribution Finance unit.

We reported that the company raised $52 million of that amount June 2010.

At that time, Arvind Sodhani, president of Intel Capital and Intel executive vice president, said, “OpenPeak’s hardware, software and services harness the capabilities of the Intel Atom processor, creating new mobile, digital home and embedded products in a variety of vertical market segments.”

OpenPeak designs and develops end-to-end managed platforms and devices that enable service providers, utilities, applications developers, and content owners to interact with customers in their homes, offices, and while traveling.

Its OpenServices is a cloud-based device management platform that streamlines application/service deployment and management for service providers and enterprises.

It introduced its 4G ready OpenTablet touchscreen devices that run on the Android operating system during hte 2011 Mobile World Congress in Spain.

OpenPeak says its complementary software framework enables designers and developers to create highly interactive applications. Integrated device management services allow providers to remotely provision, monitor and update customer devices on demand over broadband networks to ensure the delivery of the most up-to-date services and software.

The company disclosed the latest raise in a filing with the US Securities and Exchange Commission. The filing cites principals from New York’s RRE Ventures, Texas-based Castletop Capital, Illinois-based Ritchie Capital, New York’s GMG Capital Partners, and The Blackstone Group, among others.

 

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Touch screen device maker OpenPeak taps in $52M raise

Monday, June 7th, 2010

OpenTablet7BOCA RATON, FL – The burgeoning popularity of touch screen devices has tapped into investors’ pocketbooks. OpenPeak, a Boca Raton-based company selling multi-media touch screen devices and device management software, has raised $52 million in equity and debt funding. Intel Capital and existing investors, who put $30 million into the firm previously, supplied the equity.

Horizon Technology Finance and Velocity Financial Group and a distribution finance and working capital line from GE Capital’s Commercial Distribution Finance unit provided the debt funding.

“New usage models and innovative mobile form factors are enhancing the way the world consumes content, and are a strategic focus for Intel Capital,” said Arvind Sodhani, president of Intel Capital and Intel executive vice president. “OpenPeak’s hardware, software and services harness the capabilities of the Intel Atom processor, creating new mobile, digital home and embedded products in a variety of vertical market segments.”

The company recently announced its OpenTablet 7, a portable touch-screen device that can include its energy management solution. The company says the device can serve as a full-service home office or office communications and energy system command center.

The OpenTablet 7 is based on the Intel® Atom processor-based platform (formerly “Moorestown”) which delivers outstanding performance at low power. The device features a high-resolution 7-inch multi-touch TFT LCD screen with LED backlighting, 802.11b/g/n Wi-Fi, Bluetooth 2.1 and cellular connectivity, HDMI output and dual cameras for capturing both high-definition video and still images, as well as built-in speakers and microphone.

OpenPeak’s complementary software framework enables designers and developers to create highly interactive applications. Integrated device management services allow providers to remotely provision, monitor and update customer devices on demand over broadband networks to ensure the delivery of the most up-to-date services and software.

Despite all the hype and hoopla over the iPad, we see many competing devices coming out, including this one, with more features and fewer limitations.

We’re still not convinced this touch-screen tablet fad is going to be sustainable, although consumers will certainly have a wide range of choices in the devices by the end of the year or sooner. But we can understand investor interest in the space, considering how well the iPad is doing despite its inability to handle Flash, it’s inaccessible battery, and its lack of multi-tasking capabilities.

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