Israeli WiMAX co Runcom acquires AICC Member Bamboo Media Casting

Bamboo Media Casting participated in AICC Business Exchange with Amdocs and at&t in April 2008. AICC member Veritas Venture Partners is an investor in the company.

This is Runcom’s second acquisition in as many weeks.

Globes, January 4

Mobile WiMAX solutions developer Runcom Technologies Ltd. has acquired Bamboo Media Casting Ltd. in an options swap deal. The acquisition comes less than a week after Runcom acquired most of IXI Mobile Inc.. The amount of the Bamboo acquisition was not disclosed, but Runcom founder and CEO Dr. Zion Hadad told “Globes”, “The task now is to strengthen these deals and move forward, which requires money.”

Full Globes article 
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