Airwide Solutions Secures $25 Million in Financing to Address Emerging Opportunities in Mobile Communications.LONDON -- Global Investor Advent International Advent International - a long-established and leading global private equity investor Background Advent was founded in 1984 by Peter Brooke and Clint Harris to focus on international private equity investing. Joins Existing Investors to Lead Series D Funding Airwide Solutions, a global leader in providing mobile infrastructure software to enable, enhance and ensure mobile communications for wireless operators, today announced it has secured $25 million in Series D funding. The financing was led by a new investor, Advent International, with participation from existing investors Artiman Ventures, Axiom axiom, in mathematics and logic, general statement accepted without proof as the basis for logically deducing other statements (theorems). Examples of axioms used widely in mathematics are those related to equality (e.g. Venture Partners, Key Venture Partners, and Kodiak Venture Partners. Airwide plans to use the investment to fund its continuing growth and expansion, to support new product developments and to pursue strategic opportunities. "Airwide Solutions has the characteristics we look for in an investment - a rich history of supporting complex networks for a global customer base that includes the leading companies in its market, a history of setting milestones in an emerging segment, and innovative technology that is at the forefront of an emerging market," said Advent International Partner Michael Pehl. Airwide Solutions is a leading provider of mobile infrastructure software, with more than 70 customers in 46 countries, including many of the top mobile operators. Mobile messaging continues to grow, with text messaging Sending short messages to a smartphone, pager, PDA or other handheld device. Text messaging implies sending short messages generally no more than a couple of hundred characters in length. gaining widespread adoption, and with enhanced messaging services Abbreviated as EMS, an application-level extension to Short Message Service (SMS) for cellular phones available on GSM, TDMA and CDMA networks. An EMS enabled mobile phone can send and receive messages that have special text formatting (such as bold or italic), animations, expanding into diverse applications, including mobile marketing, voting and A2P A2P Application to Person A2P ATLASS II+ (application-to-person) applications. Airwide is also leading the emerging mobile security market, with more than 200 million mobile phones around the world secured by Airwide's fraud prevention products. Additionally, Airwide infrastructure software enables device management solutions, which are becoming critical for operators needing to maintain a high quality of service, while facing increasing complexities driven by the proliferation of smart phones and diverse handsets. Airwide plans to use this funding as part of its overall strategy for growth. In addition to continued development of its core messaging, mobile security, and device management products, Airwide will continue to expand into emerging geographical regions, and pursue strategic expansion opportunities. "Airwide looks forward to applying this latest round of funding to the exciting mobile communications opportunities we see in 2006 and beyond," said Airwide CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. Kevin A. Wood. "We believe the products and partnerships planned for this year will break new ground for carriers and their subscribers, and that this latest round of funding from both new and existing investors is further confirmation of the market opportunities and the business vision which will drive Airwide's success." About Airwide Solutions Airwide Solutions is a global leader in providing mobile infrastructure software to enable, enhance and ensure mobile communications for over 70 wireless operators worldwide. Airwide Solutions was founded in 2004 following the merger of Schlumberger Messaging Solutions (MSG MSG: see glutamic acid. ) and Taral Networks. Airwide Solutions has a rich tradition of innovation; it sent the first commercial SMS (1) (Storage Management System) Software used to routinely back up and archive files. See HSM. (2) (Systems Management Server) Systems management software from Microsoft that runs on Windows NT Server. (short message service) in 1992 and deployed the first A2P (application-to-person) MMS (Multimedia Messaging Service) An enhanced transmission service that enables graphics, video clips and sound files to be transmitted via cellphones. Developed as part of the 3GPP project, MMS phones are generally backward compatible with SMS and EMS. push gateway in 2004. Airwide Solutions has regional offices in England, Canada, India, Australia, Singapore and the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. . For more information on Airwide Solutions, please visit www.airwidesolutions.com. Advent International: www.adventinternational.com Artiman Ventures: www.artimanventures.com Axiom Venture Partners: www.axiomventures.com Key Venture Partners: www.keyvp.com Kodiak Venture Partners: www.kodiakvp.com |
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