However, it’s unclear how fast Visto is burning through its cash. The privately held company does not disclose its financials.
Visto said it would use its most recently raised funds to accelerate its continued worldwide growth, extend its product portfolio, and “protect its foundational intellectual property”—a phrase likely designed to warn competitors of possible patent-infringement lawsuits. Already Visto has used its money to sue Seven Networks Inc., Research In Motion Ltd. and Microsoft Corp. for patent infringement."
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