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

Amazon deforestation leaps 16 percent in 2015

November 28, 2015

Illegal logging and clearing of Brazil's Amazon rainforest increased 16 percent in the last year, the government said, in a setback to the aim of stopping destruction of the world's greatest forest by 2030.

CERN collides heavy nuclei at new record high energy

November 25, 2015

The world's most powerful accelerator, the 27 km long Large Hadron Collider (LHC) operating at CERN in Geneva established collisions between lead nuclei, this morning, at the highest energies ever. The LHC has been colliding ...


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.