Finnish Mobile Firm Iqua Secures €2-Million Investment

Helsinki -- Iqua, a Finland-based mobile communications firm,
announced that it has raised €2 million in venture-capital financing.
Finnish venture-capital firm Eqvitec led the investment in Iqua,
which specialises in the design and manufacture of wireless
accessories. "The market for Bluetooth-enabled mobile phones is
forecasted to grow from 80 million today to 470 million in 2008,"
said Eqvitec's Juha Mikkola. "This potential … makes Iqua a
unique company and very interesting investment opportunity." Iqua
said it would use the funds to spur growth in Asia and the
Americas and recruit new talent for product development, design
and international operations.
http://www.eqvitec.fi