Saraide.com, Ericsson Enter Into Strategic Investment Agreement

Ericsson (Stockholm, Sweden) has made a strategic investment in Saraide.com (San Francisco). The investment gives Ericsson the opportunity to further develop its network solutions for carrier-class wireless data services. Saraide.com's business model assures Ericsson that it can continue its policy of not competing with network operators and carriers.

Saraide.com, a Silicon Valley company, provides Internet-based wireless data services to carriers in North America, Europe, and Asia as well as offering wireless subscribers customized, time-sensitive, location-based information services such as e-mail, stock quotes, travel information, calendars, contact lists, personal banking, and electronic commerce.