Siemens unit takes stake in Xingtone

A venture capital arm of Siemens AG has taken a stake in Xingtone, an LA start-up that sells software enabling consumers get music on their cell phones independent of mobile phone carriers, according to USA Today. Well done for Xingtone!

Terms of the investment were not disclosed.

"The start-up, which was founded in March last year, has also developed software allowing media companies to sell music and other digital content for cell phones directly, bypassing wireless carriers, said Brad Zutaut, Xingtone chairman and one of the firm's four founders."

emily | 9:41 AM | News, Buzz |
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