LGC Wireless Buys Alvarion Mobile Unit

LGC Wireless Inc., a San Jose, Calif.-based wireless networking company, has bought the Cellular Mobile business unit of Alvarion Ltd. (Nasdaq: ALVR) for approximately $15 million in convertible notes and the assumption of certain liabilities. LGC has raised around $78 million in total VC funding since its 1996 inception, from firms like Associated Venture Investors, Allegis Capital, Crimson, Crystal Internet Ventures, Dali Hook Partners, GunnAllen Venture Partners, Mayfield, Rembrandt Venture Partners and Telesystem-Argo Global Capital. www.lgcwireless.com