Colubris Raises $14 Million to Fund Rapid Growth and Enterprise Market Expansion.Colubris optimized WLAN See wireless LAN. WLAN - wireless local area network switching solutions lead new category of distributed intelligent architectures. WALTHAM, Mass. -- Colubris Networks, the pioneer in optimized wireless LAN A local area network that transmits over the air typically in the 2.4 GHz or 5 GHz unlicensed frequency band. It does not require line of sight between sender and receiver. Wireless base stations (access points) are wired to an Ethernet network and transmit a radio frequency over an area (WLAN) switching systems Switching systems (communications) The assemblies of switching and control devices provided so that any station in a communications system may be connected as desired with any other station. , announced today $14 million in new funding. This funding round fuels the company's rapid growth and expanding market share, which is driven by strong demand in targeted enterprise and service provider vertical markets. Colubris WLAN solutions lead a new industry product category that enables widespread deployment of mobile voice services and migration to next generation, high performance WLANs. All current Colubris investors participated in the new round, including Prism VentureWorks, GrandBanks Capital, DCM DCM abbr. Distinguished Conduct Medal - Doll Capital Management, Mid-Atlantic Venture Funds, The Telecommunications Development Fund and The Business Development Bank of Canada The Business Development Bank of Canada is a crown corporation financial institution wholly owned by the Government of Canada. BDC plays a leadership role in delivering financial and consulting services to Canadian small business, with a particular focus on technology and exporting. . "Colubris has achieved record revenue levels and exceeded all financial metrics this year," notes Board Chairman Bill Seifert of Prism VentureWorks. "Its growing enterprise presence is a key factor in this success. The Board of Directors is very excited about the company's positioning as a category leader within a rapidly growing market and the successful execution of its business strategy." With over a year's head start, Colubris offers the industry's first optimized WLAN switching system - a comprehensive infrastructure for delivering truly scalable mobile voice, data and video applications. Colubris pioneered this new WLAN category, which couples distributed intelligence The placing of processing capability in terminals and other peripheral devices. Intelligent terminals handle screen layouts, data entry validation and other pre-processing steps. Intelligence placed into disk drives and other peripherals relieves the central computer from routine tasks. with centralized control 1. In air defense, the control mode whereby a higher echelon makes direct target assignments to fire units. 2. In joint air operations, placing within one commander the responsibility and authority for planning, directing, and coordinating a military operation or group/category of and management, in order to address the scalability, performance and QoS limitations inherent in first generation centralized WLAN switch architectures. Industry watchers believe that enterprises will encounter these limits as voice over WLAN See voice over Wi-Fi. applications become widespread and next generation 802.11n products become readily available. The Colubris optimized WLAN switch provides a complete solution for fixed mobile convergence Seamless switching between cellular and local networks for mobile users. The goal is to have a handset that switches automatically from the cellular network to the local, wireless Wi-Fi network when entering a building in order to save cellphone minutes. applications, where true voice quality and massive scalability cannot be compromised. Earlier this year, the inherent performance and scalability advantages of Colubris' distributed intelligent architecture drew Alcatel to select Colubris solutions for its deployment in nationwide fixed mobile convergence applications. The solution is in trials with several tier 1 carriers around the globe. Colubris' expansion is well timed Adj. 1. well timed - done or happening at the appropriate or proper time; "a timely warning"; "with timely treatment the patient has a good chance of recovery"; "a seasonable time for discussion"; "the book's publication was well timed" to the market's growth cycle, according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. industry analysts. "We expect the enterprise WLAN market to demonstrate very strong growth, driven by new adoptions, as well as by factors such as expanding user populations and deployments, the convergence of voice services, and migration to the 802.11n standard. These factors all contribute to a greater than 30% compound annual growth rate through 2010," noted Dell'Oro Group analyst Elmer Choy. With over 1,500 customers worldwide, Colubris holds top market share positions in the service provider, hospitality and transportation market segments. This latest financing will extend leadership in these sectors, as well as increase sales within manufacturing, healthcare, education and other vertical enterprise markets. Following the appointment of several key sales executives earlier this year, the company is expanding distribution within these markets via enterprise resellers in Asia, Europe and North America. About Colubris Colubris Networks is the leading global provider of intelligent wireless LAN mobility systems for service providers and enterprises. Its optimized WLAN switching systems deliver unmatched bandwidth efficiency, seamless mobility and secure, easy access for more than 1,500 organizations and 40 million users worldwide. Its systems unify and integrate with existing network infrastructures, security and management systems and provide "future-proof" investment protection as standards evolve and user populations grow. Colubris' numerous recognitions include Red Herring's top 100 private companies in North America, Fierce Wireless Fierce 15 and Mobile Trax Mobility Award. For more information, visit www.colubris.com. |
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