Monday, September 8, 2008

Mobile Content Porting Firm Tira Wireless Shuts Down


Tira Wireless, the Toronto-based mobile content porting company, has shut down, we have learned...We have been trying to contact the company for a week now, but no one has been answering to e-mails or phone calls, including upper management of the company. Some other accounts on its closing down are also appearing as well. According to MobileGamesBlog, subsequent to the shutdown in August, a group of Tira employees have formed a new company called Five Mobile.

The company had raised about $31.5 million in financial support in four rounds, and had investors such as Lehman Brothers Venture Partners, Brightspark Ventures, Flagship Ventures and Export Development Canada.

We have been pursuing several more similar tips about mobile content services companies shutting down or close to making a decision, so anticipate a lot more shakeout as the industry morphs

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