NetMotion Wireless Postpones IPO

NetMotion Wireless Inc., a Seattle-based provider of mobile VPN solutions, has indefinitely postponed a proposed C$30 million IPO. It had planned to list on the Toronto Stock Exchange.

NetMotion has raised over US$31 million in VC funding, from Dolphin Equity Partners, Mitsui & Co. Venture Partners (MCVP), Northwest Venture Associates and Alexander Hutton Venture Partners.