Oplayo gets 4,4 million infusion — MobileMonday Global: Industry News

^{Nokia and Siemens invest in mobile video} Oplayo gets 4,4 million infusion

10 Feb 2004 at 07:36 GMT Timo Poropudas

Siemens Mobile Acceleration SMAC, Nokia Venture Partners, Zouk Ventures and Holtron on Monday announced 4,4 million euro investment in a Finnish software-company Oplayo that offers audio- and video streaming for Java and Symbian phones that are available in the market today. Oplayo’s core technology is based on MVQ-codec, which provides for very light decoding and allows streaming for low-end and mid-range mobile phones. Thus, the company clearly focuses on the mass-market. Oplayo requires the subscriber only to download a player-program onto the phone, making it very easy to receive a wide variety of clips such as news bulletins, comedy, movie excerpts, music clips or sport-highlights. Oplayo is further securing its leadership position through its strong list of technical partners, which includes Microsoft, ARM, Texas Instruments, Intel and Symbian.