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Siemens Acceleration invests in US company GlooLabs
Siemens Acceleration invests in innovative multimedia access solutions software provider GlooLabs


BOCA RATON, Fla. — October 27, 2005 —Siemens Acceleration in Communications today announced its investment in GlooLabs, an American software company that licenses a platform for remote access to multimedia content. GlooLabs’ software technology, called GlooNet™, is a Java-based platform that allows digital media stored on a home computer to be accessed remotely through a Internet-enabled computer, mobile phone or PDA. The funding will allow GlooLabs to expand its product portfolio and ramp-up operations for large-scale customer deployments.

Seamless access to personal media and other data has become considerably important in the converging computing and home entertainment environments. GlooLabs’ architectural approach overcomes the current gap of desktop and browser based solutions by allowing end users to retrieve media files stored on various mobile devices and view or play them on other compatible networked devices. GlooLabs’ generic platform enables fixed line operators, wireless operators, handset and set top box manufacturers to rapidly bring a wide variety of new products and services to market using their own brand.

Using GlooNet, consumers can access their home audio collection while at work, select pictures stored on their home PC from a print shop kiosk or share pictures and videos with friends and family without sending bulky email or waiting for lengthy uploads. Additionally, GlooNet includes features for enabling mobile phones to be used as wireless MP3 players without requiring local storage capacity.

GlooNet is currently being deployed in several markets in the United States, Asia and Europe. A public demonstration site for GlooNet is available at http://www.gloonet.com/. Siemens Acceleration will showcase GlooLabs and four other portfolio companies at the 3G Congress in Hong Kong from November 16 -18, 2005.

“GlooLabs has a very unique position in the crowded field of multimedia services and solutions,” said Dr. Dietrich Ulmer, CEO of Siemens Acceleration in Communications. “Their approach has received immediate, positive response from both the market and the fixed network unit of the Siemens Communications Group. I am confident our strategic investment will greatly benefit both parties.”

“The rapid growth of personal media, broadband networks and the desire to access one’s photos, music, videos and documents anywhere and at any time has created a tremendous opportunity for GlooLabs,” said David Arfin, CEO of GlooLabs. “We’re excited to have Siemens, a strong global player in the world of communications, as an investor and partner.”
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Publisher Contact Information:

Siemens Acceleration in Communications GmbH (Siemens Mobile Acceleration (SMAC))
+49 89 636 29 146
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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