May 9, 2003
Nokia Buys Carnegie Mellon Students' Software Company
A Pittsburgh company created by graduate students at Carnegie Mellon University and backed by a venture-capital firm that specializes in university-based spinoff companies is being sold to Nokia, the Finnish telephone manufacturer, for $21-million.
The deal, announced in April, is a coup not only for the company, Eizel Technologies, but also for its lead financial backer, ITU Ventures. That three-year old venture-capital firm is one of only a few that focus exclusively on companies
This is an article for subscribers only. You may access this article by purchasing a:
Digital or Print Subscription
Web Pass
Already have an account? Log In Now.
-
Peer Review
-
Academic Assets
-
Teaching
