Tuesday, December 27, 2011

HzO Lands $3M From Hong Kong Investor

Salt Lake City-based HzO, a company which develops technology for protecting electronics from water, humidity, and liquids and is a spinoff of ZAGG, has received $3M in a preferred equity investment, the firm said this morning. The investment came from Hong Kong investor Horizons Ventures, Ltd., headed by Li Ka-shing. ZAGG acquired HzO in 2009, later spinning it off as a private, independent company. As part of the investment, Jason Wong, CFO of Horizons Ventures, join's HzO's board of directors. More information »