Front Porch Communications, a leading provider of dial-up and high-bandwidth solutions for the worldwide communications industry, Monday announced that QUALCOMM Incorporated (Nasdaq: QCOM) has invested $5 million to support continued development, production and market expansion of the company's innovative solutions including its dial-up, broadband and high-speed wireless data PorchLight technology.
Front Porch has been successful in the Internet arena as a provider of hardware/software solutions that help Internet Service Providers (ISPs) increase revenue, enhance customer relationships and satisfaction, while decreasing customer service costs. The company is now applying its expertise and PorchLight technology to the wireless environment for use by global operators to enable high-speed, third generation wireless applications in the near future.
"QUALCOMM continues to provide leading solutions for the industry with its high-speed, high-capacity, wireless Internet access technology, High Data Rate," said Jeff Jacobs, senior vice president of business development for QUALCOMM. "The PorchLight technology will provide opportunities for the digital wireless communications market to complement QUALCOMM's HDR solution."
"This strategic investment from a wireless communications industry leader, such as QUALCOMM, speaks volumes about the strength of our company and the innovation of our technology," said Zachary Britton, CEO of Front Porch. "With this investment, we look forward to providing high-speed wireless data technology solutions to operators worldwide."
Front Porch's breakthrough PorchLight technology delivers a package of tools and services enabling ISPs to drive profits, cut costs and enhance subscriber value by delivering customized service messages to subscribers, generate revenue through the display of targeted, meaningful Internet advertising, and direct subscribers to pre-determined Web sites.
To accommodate the company's explosive growth over the past 18 months, Front Porch has also recently announced the opening of two new facilities located in Walnut Creek and San Diego, Calif.
QUALCOMM Incorporated (www.qualcomm.com) is a leader in developing and delivering innovative digital wireless communications products and services based on the Company's CDMA digital technology. The Company's business areas include integrated CDMA chipsets and system software; technology licensing; Eudora email software for Windows and Macintosh computing platforms; satellite-based systems including portions of the Globalstar system and wireless fleet management systems, OmniTRACS and OmniExpress. QUALCOMM owns patents which are essential to all of the CDMA wireless telecommunications standards that have been adopted or proposed for adoption by standards-setting bodies worldwide. QUALCOMM has licensed its essential CDMA patent portfolio to more than 75 telecommunications equipment manufacturers worldwide. Headquartered in San Diego, Calif., QUALCOMM is included in the S&P 500 Index and is a 2000 FORTUNE 500company traded on The Nasdaq Stock Marketunder the ticker symbol QCOM.
Front Porch Communications provides dial-up and high-bandwidth solutions for the worldwide communications industry. An Internet software development and hardware manufacturing firm established in 1998, the company combines revenue-enhancing technologies with a fundamental understanding of the competitive trends and pressures of the Internet to achieve the highest levels of client satisfaction. Front Porch's breakthrough PorchLight technology delivers a package of tools and services providing unprecedented potential for ISPs, Web advertisers and portals to take advantage of emerging business opportunities in the increasingly competitive Internet marketplace.
Partnering with more than 100 Internet Service Providers (ISP) on five continents, Front Porch is rapidly becoming a leading provider of software solutions that help ISPs, Web advertisers and portals grow their businesses and services by increasing revenue and enhancing customer relationships and satisfaction, while decreasing customer service costs. FMI: www.frontporch.com.
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COPYRIGHT 2000 Gale Group
