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Siemens Mobile Acceleration changes name & extends investment focus


Munich, March 14, 2005 -- Siemens Mobile Acceleration (SMAC), the leading backer and investor for early-stage wireless companies, extends its business scope by broadening its investment focus from wireless technologies to cover the entire communications sector. Additionally, it has adopted a new name, Siemens Acceleration in Communications, to better reflect its new mandate. Siemens Acceleration plans to invest USD $100 million over the next five years in innovative start-ups in the communications field and is seeking opportunities in Europe, Israel, North America and Asia.

Siemens Acceleration addresses the needs of start-ups in a unique way and offers services that extend far beyond those of the conventional venture capitalist. Its portfolio companies benefit from hands-on management involvement as well as market and technology knowledge. By working closely with the operating units of Siemens Communications, the start-ups also receive access to the resources of a major telecommunications group such as sales channels, R&D facilities and international presence. Dr. Dietrich Ulmer, CEO of Siemens Acceleration in Communications said: 'Our strategy presents a stronger model for success for start-ups, because we build in a network of knowledge, service and potential customer resources. We look forward to serving Siemens Communications by fostering innovative start-ups around the world. For the broader communications sector, we expect to find many new opportunities particularly in the United States and Israel.'

The extended scope of Siemens Acceleration follows the recent merger of the Siemens fixed and mobile communications units - IC Mobile and IC Networks - into Siemens Communications, one of eight divisions of Siemens. The new Siemens Communications, which started operations in fall 2004, is one of the world's largest suppliers in the telecommunications sector with representation in more than 160 countries. Siemens Acceleration will be supporting all segments of Siemens Communications - Carrier Networks, Enterprise Networks and Devices - in order to secure its role as a trendsetter in convergence solutions for fixed and mobile networks, public and private networks, and multifunctional devices. 'Siemens Acceleration is an integral part of our innovation strategy,' said Anton H. Schaaf, CTO of Siemens Communications. 'Since we are working in an extremely fast-paced industry, we rely on innovation from the outside in addition to our internal R&D and innovation through our business units.'


Siemens Acceleration in Communications GmbH
Siemens Acceleration is a wholly owned subsidiary of the Siemens Communications Group. Founded in Munich, Germany, in 2001, Siemens Acceleration fosters early-stage start-ups in the communications industry by providing a comprehensive service bundle in addition to funding. Siemens Acceleration currently holds stakes in 21 portfolio companies around the world and is actively seeking investment opportunities in Europe, Israel, North America and Greater China. Siemens Acceleration is part of a greater network at Siemens whose mission is to drive technological innovation by supporting start-up companies. In addition to Siemens Acceleration, also Siemens Technology Accelerator, Siemens Technology-To-Business Center and Siemens Venture Capital contribute to the innovation strategy of Siemens. Their individual mandates are defined according to financing stages and industry focus. For more information: www.acceleration.siemens.com


Siemens Communications
Siemens Communications is one of the largest players in the global telecommunications industry. Siemens is the only provider in the market that offers its customers a full-range portfolio, from devices for end users to complex network infrastructures for enterprises and carriers as well as related services. Siemens Communications is the world's innovation leader in convergent technologies, products and services for wireless, fixed and<


Publisher Contact Information:

Siemens Acceleration in Communications GmbH (Siemens Mobile Acceleration (SMAC))
+49 (0)89 636 29146
anette.moosmueller@siemens.com

Company profile of Siemens Acceleration in Communications GmbH (Siemens Mobile Acceleration (SMAC))
Past press releases of Siemens Acceleration in Communications GmbH (Siemens Mobile Acceleration (SMAC)).

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