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Bitfone

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Software solutions for wireless service providers

San Francisco, United StatesFounded 2000Other B2B Software
Valuation $100–250M Last recorded · 2004
Total funding $10–50M Disclosed equity funding
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About Bitfone

Bitfone Corporation operated as a pivotal software provider in the mobile device management sector, carving out a specific niche before its strategic acquisition. The company was established by Gene Wang, a seasoned entrepreneur with a notable history of key roles at major software firms including Borland International and Symantec. This background in enterprise software was instrumental in shaping Bitfone's direction.

The core of Bitfone's business was providing software solutions that enabled wireless operators and handset manufacturers to manage mobile devices remotely. Its product suite was designed to automate customer care and streamline device management. The company's technology allowed for diagnosing and repairing software issues, delivering firmware updates, and pushing configuration settings over the air. This capability, known as "firmware over the air" (FOTA), was a key selling point, as it helped corporate clients reduce support costs and manage the deployment and migration of their mobile device fleets more efficiently.

Bitfone's business model targeted two primary client types: wireless operators and original equipment manufacturers (OEMs). For operators, it offered a server-side solution to manage the mobile experience for subscribers, from targeted updates to web-based self-care. For OEMs, it provided a client-side solution embedded within the devices. The company's market was the burgeoning mobile enterprise space, where businesses increasingly needed to provision, secure, and maintain a growing number of corporate-liable smartphones and handheld devices.

A significant milestone in the company’s history was its acquisition by Hewlett-Packard (HP), with the agreement announced in December 2006. At the time of the deal, Bitfone had approximately 130 employees and was integrated into HP's Personal Systems Group, specifically within the handheld business unit, to bolster HP's device management software portfolio. The acquisition was part of HP's broader strategy to expand its software and services offerings for the enterprise mobility market.

Source: Dealroom company data

At a glance

Status
Acquired
Founded
2000
Headquarters
San Francisco, United States
Open positions
None listed
Dealroom signal
17.0/100
Industry
Enterprise Software
Sector
Other B2B Software
Business model
SaaS
Client focus
b2b
Links
Website

Funding history

7 recorded events

Company financing events and reported valuations.

Deal typeDateAmountValuationInvestorsSource
ACQUISITION✓Exit Dec 2006 $0 — HP —
SERIES E✓Equity / VC Jul 2006 — — Qualcomm Ventures —
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Growth signals

Bitfone website traffic

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Similar companies

Closest operating peers by Dealroom taxonomy

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Investments and acquisitions

Capital deployed

Recent portfolio relationships for companies that also act as investors or acquirers.

Investors

12 investors on the cap table

From Dealroom's funding and investor records, grouped by the round each investor first entered.

Series A4 investors entered at this stage

  • Incubasia Ventures
  • Nokia Corporation
  • Nexit Ventures
  • 3i Group

Series B and later7 investors entered at this stage

  • Motorola Solutions
  • KTB Ventures
  • St. Paul Venture Capital
  • Noventi Ventures
  • Innovacom
  • Prism Venture Management
  • Qualcomm Ventures

Other known investors1 additional known investor

  • HP
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Talent movements Hidden — book a demo in · Hidden — book a demo out past 12 months

Source: Dealroom Talent Intelligence.

Global footprint

Workforce and web traffic by country
Workforce by country
🇺🇸 United States · San Francisco HQ
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Market sentiment

Posts on X, past 7 days

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Reading the room on X — pulling top posts and synthesizing themes…

Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour

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