[July 28, 2015] |
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Digital Global Systems Inc. Announces $4 Million Capital Raise and Strategic Relationship with LGS Innovations
Digital
Global Systems Inc. (DGS), a provider of innovative broad spectrum
management technology for public safety, enterprise, telecommunications
and government customers, announced it has raised an additional $4
million of funding through the issuance of Series A-2 convertible
preferred stock.
The funding round included investments by LGS Innovations (LGS) and
CoVant, as well as a broad representation of existing and new individual
investors. The capital raised in its Series A-2 round is in addition to
the $2 million of Series A and $2.25 million of Series A-1 convertible
preferred stock previously issued. This brings the total capital raised
through convertible preferred Series A Rounds to $8,250,000.
The funds will be used to accelerate the company's continued market
expansion and development of its flagship SigBase™ platform, which
combines broad spectrum data capture with remote access and analytics
capabilities so users can more efficiently monitor, manage and optimize
their spectrum assets and wireless communications.
The DGS (News - Alert) SigBase software utilizes Fast Fourier Transforms (FFTs) for
signal analysis and signal classification. Although I/Q data is utilized
in certain operations performed on the system, utilization of FFTs for
analysis allows for improved processing speeds and optimized
performance. Utilization of FFT scanning versus traditional sweeping
also enables transient signals to be captured efficiently over wider
spans.
The software package also includes modulation detection, channel
conflict detection with alarm and trigger features, and patented
features such as automatic signal detection, connect anywhere
functionality, FCC (News - Alert) database analytics and spectral environment learning
. When engaged, the spectral environment learning function enables an
operator to build a signal inventory for a specific environment.
DGS delivers its distinctive SigBase software platform on portable,
mobile, and fixed hardware platforms, which are all rmotely accessible
and network enabled.
"In addition, DGS is rolling out our SigDB solution, a cloud-based data
analytics platform where users have the ability to store, access, and
analyze data from all deployed SigBase devices in their network," said
Fernando Murias, Chairman and CEO of DGS.
In its first two years of operations, DGS already has 20 issued U.S.
patents, market traction into the four major tier 1 carriers, and
growing presence in the transportation, public safety and federal
government markets. In addition to the capital investment mentioned
above, LGS and DGS are already teaming on a number of strategic business
opportunities.
"DGS has been actively searching for the right strategic partner to help
us expand our unique solutions into the federal government sector," said
Murias. "Teaming with LGS and leveraging the extensive experience they
have in working with the federal markets is key for us."
LGS provides secure networking, communications, VoIP, optical routers,
and other solutions for the U.S. national security, defense, and
advanced research communities.
"More effective management of limited spectrum resources has been a
challenge for our federal customers for many years and has become a
significant issue for commercial users as well," said Kevin Kelly, LGS
Chief Executive Officer. "We believe a strategic business relationship
with DGS can help deliver an enhanced solution to address all of these
client needs."
Formerly a subsidiary of Alcatel-Lucent (News - Alert), LGS Innovations was purchased
by CoVant Technologies II in 2014. Based in Herndon, Va., LGS and its
legacy companies have a 75-year history of supporting government and
commercial organizations worldwide in the research, development, and
deployment of networking solutions. DGS will team with LGS' Engineering
Integration Services (EIS) and Advanced Research & Technology (ART)
groups to deliver broader technology solutions to the market.
"We're excited to have a teaming partner with such vast strategic
experience in the broader government market," said Murias.
CoVant Chairman and CEO Joseph Kampf said, "We are pleased to be
supporting both DGS and LGS as they work together on the next generation
of critically important spectrum management tools."
About DGS
Digital
Global Systems is a leading provider of innovative spectrum
management technology for public safety, enterprise, telecommunications
and government customers. The company's flagship SigBase™ platform
combines comprehensive, patented broad spectrum data capture with remote
access and analytics capabilities to efficiently monitor, manage and
optimize spectrum assets. The breadth of information DGS devices
collect, combined with the real-time analysis and automated reporting,
is changing the way spectral environments are now managed.
Digital Global Systems was founded in Maryland and is actively expanding
into the global market in 2015. DGS customers include some of the
world's leading companies. Additional information is available at +1
(240) 477-7149, [email protected],
Twitter (News - Alert): http://www.twitter.com/DGS_Inc
and http://www.digitalglobalsystems.com/.
View source version on businesswire.com: http://www.businesswire.com/news/home/20150728006140/en/
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