Biongo goes Asian.Boingo Wireless Boingo redirects here. For the Hoodwinked character see Boingo (Hoodwinked). For the rock band, see Oingo Boingo. Boingo Wireless is a private American company that provides wireless communication services, specifically Wi-Fi. Inc. raised $10 million in a series B round of financing led by the U.S. venture arm of Japan's Mitsui Mitsui: see zaibatsu. & Co. Ltd, a first time investor. The funds will be used to fund Asian sales and engineering operations. Santa Monica-based Boingo, which builds wireless Internet Internet Publicly accessible computer network connecting many smaller networks from around the world. It grew out of a U.S. Defense Department program called ARPANET (Advanced Research Projects Agency Network), established in 1969 with connections between computers at the services for public locations such as hotels, cafes and airports, has raised $30 million to date. Other new investors in the round included Infonet Services Corp. and clients of Amerindo Investment Advisors Investment Advisor 1. A person making investment recommendations in return for a flat fee or percentage of assets managed, known as a commission. 2. For mutual fund companies, it is the individual who has the day-to-day responsibility of investing and monitoring the cash and Inc. Original investors New Enterprise Associates, Sternhill Partners and Evercore Ventures also participated in the round. Mark Kawahara, a Mitsui investment partner, will join Boingo's board and help lead the company's efforts abroad. "We have international expansion plans and they have great relationships in Asia and know a lot of the carriers we are calling on," said Dave Hagan, president of Boingo Wireless. |
|
||||||||||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion