Palm gets another $100 Million investment from Elevation Partners

Palm seems to be like Hulk Hogan… it gets down, then somehow strikes back with vengeance. With the anticipated Palm Treo Pro coming to Canada Q1 2009, a release has gone out stating that Palm has secured an additional $100 million equity investment by  Elevation Partners.

Palm’s CEO Ed Colligan said: “The additional capital from Elevation Partners will enable us to put added momentum behind the new product introductions scheduled for 2009 and will provide us with enhanced stability in unsettled economic times. Elevation has been a great partner to Palm, and we appreciate their continued confidence and support.”