|
IPWireless: IPWireless Secures $15.5 Million in Funding
SAN FRANCISCO, CA, Nov 18, 2009 (M2 PRESSWIRE via COMTEX) --
IPWireless, a leading provider of 3GPP technology for new applications and markets, today announced that it has secured $15.5 million in Series A funding. Spark Capital of Boston, Massachusetts, led the transaction. The company plans to use the capital to accelerate sales of its unique 3GPP based mobile broadband and broadcast solutions into both the government and commercial markets.
"Securing over $15 million in financing during these turbulent financial times speaks to our solid business model, our proven team, and the tremendous growth opportunities that our unique platform and capabilities continue to create," said Dr. Bill Jones, CEO of IPWireless. "3GPP standards are unequivocally the leading global solution for wireless carriers. However, while the large wireless vendors continue to focus on mainstream spectrum bands and traditional markets for their 3GPP solutions, IPWireless is expanding the benefits of this leading standard into untapped spectrum bands and opening the door to a new generation of mobile applications, devices, and ecosystems looking to capitalize on the explosive wireless market."
Santo Politi, General Partner at Spark Capital commented, "I've been following IPWireless for several years and have always been impressed with their superior technology. They have a unique ability to deliver innovative mobile solutions that open new markets for tier one carriers and change the way government entities, like New York City, improve public safety and operate more efficiently using wireless broadband. IPWireless is a company that has already delivered on their promise and, going forward, they have the potential to break a number of exciting new markets wide open."
The company's proven high-performance mobile broadband solutions, which are based on Release 7 and are software upgradeable to Release 8 LTE, have been deployed by a set of marquee customers around the globe in both the commercial and government markets including T-Mobile and New York City's Department of Information Technology and Telecommunications (DoITT). NYCWiN, the most comprehensive multi-agency government network of its kind, has been deployed across all five boroughs, covering more than 90% of the city, and supporting 19 different agencies and 53 different applications. The company has also recently announced some of the first live deployments in the 700MHz band in the United States for both rural broadband providers and public safety agencies. Its end-to-end solutions for these markets include a software upgradeable network to LTE and a range of devices that enable everything from mobile broadband access for laptops and netbooks, to machine-to-machine applications like traffic light backhaul and automatic vehicle location (AVL).
IPWireless' award winning mobile broadcast solutions have been tested by some of the largest mobile operators in the world, and have played a key role in the standardization of Integrated Mobile Broadcast (IMB) in 3GPP Release 8. IMB was recently endorsed by the GSMA as the preferred method for mobile broadcast delivery. The company supplies a range of IMB solutions to enable the existing 3G ecosystem, including device, chipset, and network vendors.
About IPWireless
IPWireless broadens the horizons of 3GPP, the world's preeminent mobile standard, to support a range of compelling new applications and untapped global spectrum bands. With its complete end-to-end 3GPP solutions, including chipsets, devices, and complete network solutions, the Company enables mobile operators and other new wireless entrants from the government, consumer electronics, and other sectors, to deliver a new generation of wireless services.
IPWireless is headquartered in San Francisco, California, and operates a technology development center in Chippenham, UK.
CONTACT: Mark Fowler, Temono - Telecoms PR
WWW: http://www.temono.com
e-mail: mark.fowler@temono.com
Tel: +44 (0)754 068 7797
Tel: +44 (0)207 981 9779
Ed Howson, Media Relations, Temono Communications
e-mail: Ed.howson@temono.com
Tel: +44 (0)774 017 3051
Suzanne McCormac, IPWireless
e-mail: smccormac@ipwireless.com
Tel: +1 415 577 9135
WWW: http://www.ipwireless.com
((M2 Communications disclaims all liability for information provided within M2 PressWIRE. Data supplied by named party/parties. Further information on M2 PressWIRE can be obtained at http://www.presswire.net on the world wide web. Inquiries to info@m2.com.
[ Back To TMCnet.com's Homepage ]
|
TMCnet LOGIN
Webinars
