Siemens invests Euro2 mil in Leonie project

Wednesday 21 March 2001 | 00:00 CET | News
Mobile Family Services (MFS) has secured initial Euro2 mil financial backing from Siemens (Germany), electronics group, and is looking to raise a further Euro2.8 mil from outside investors. Set up by a former Siemens employee, the company has developed a mobile location service for families to help them keep in touch with children. The service, known as Leonie, has undergone extensive trials in the Munich, Germany, area and will launch commercially in July 2001. It will target children 11 years and younger, launching initially in Munich, with plans to expand to other German, European and

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Categories: General
Companies: Siemens
Countries: Germany
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