Siemens invests in GlooLabs

October 28, 2005

Siemens said Friday it will invest in GlooLabs to bolster personal media data technology.

The German electronics giant said by pumping money into GlooLabs of Palo Alto, Calif., it will be able to improve the convergence of the personal computer with home entertainment products.

"GlooLabs has a very unique position in the crowded field of multimedia services and solutions," Dietrich Ulmer, chief executive of Siemens Acceleration in Communications, said in a news release. "Their approach has received immediate, positive response from both the market and the fixed network unit of the Siemens Communications Group," he added.

GlooLabs has developed GlooNet, which is a multimedia platform for remote access services that facilitates the use of technology in remote locations.

Copyright 2005 by United Press International

Related Stories

Recommended for you

The dark side of Nobel prizewinning research

October 4, 2015

Think of the Nobel prizes and you think of groundbreaking research bettering mankind, but the awards have also honoured some quite unhumanitarian inventions such as chemical weapons, DDT and lobotomies.

Internet giants race to faster mobile news apps

October 4, 2015

US tech giants are turning to the news in their competition for mobile users, developing new, faster ways to deliver content, but the benefits for struggling media outlets remain unclear.

Trade in invasive plants is blossoming

October 3, 2015

Every day, hundreds of different plant species—many of them listed as invasive—are traded online worldwide on auction platforms. This exacerbates the problem of uncontrollable biological invasions.

Fusion reactors 'economically viable' say experts

October 2, 2015

Fusion reactors could become an economically viable means of generating electricity within a few decades, and policy makers should start planning to build them as a replacement for conventional nuclear power stations, according ...


Please sign in to add a comment. Registration is free, and takes less than a minute. Read more

Click here to reset your password.
Sign in to get notified via email when new comments are made.