RadioFrame Networks Inc. Raises $15 Million from Leading Carrier and Infrastructure Funds.Business Editors, Technology Writers REDMOND, Wash.--(BUSINESS WIRE)--April 1, 2002 Ericsson Venture Partners, Orange Ventures, Nextel Communications Nextel Communications, styled NEXTEL, (Former NASDAQ: NXTL) which is now known as the Sprint Nextel Corporation was a telecommunications firm based in the United States. Known for providing a nation-wide mobile communications system. and Ignition Partners put their cash behind convergence RadioFrame Networks(TM) Inc., the first company to integrate wireless mobile voice with wireless LANs (WLAN See wireless LAN. WLAN - wireless local area network ), today announced a $15 million USD USD In currencies, this is the abbreviation for the U.S. Dollar. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. Series C, led with an $8 million investment by Ericsson Venture Partners, LTD LTD 1 Laron-type dwarfism 2 Leukotriene D 3 Long-term depression, see there 4. Long-term disability . Other investors include: Ignition, a venture capital firm focused on early stage computing, network infrastructure and telecommunications startups in the Western United States Noun 1. western United States - the region of the United States lying to the west of the Mississippi River West Santa Fe Trail - a trail that extends from Missouri to New Mexico; an important route for settlers moving west in the 19th century , Nextel Communications and Orange Ventures. "Our fundraising efforts this round were focused on raising the right money," said Jeff Brown
"Carriers are seeking stronger relationships with their enterprise customers," said Mark Maybell of Ericsson Ventures. "RadioFrame is a truly unique platform that enables carriers to deliver new services and a higher quality wireless experience to these customers indoors. No other company has developed a wholly converged, carrier-grade solution like RadioFrame's. We believe in this technology and the people behind it." Driven in part by in-home use, 802.11b WLAN networks are increasingly penetrating the enterprise. There is considerable interest in the unlicensed spectrum as a less-expensive, broader-bandwidth alternative to packet-data services delivered by wireless carriers, particularly in fast-growing public access WLANs. The RadioFrame converged platform gives carriers a highly competitive, lower cost solution to WLANs, enabling them to completely mobilize the enterprise with new voice and data services. "Convergence has been a Holy Grail of sorts for the carriers, and RadioFrame's executives have led the quest for Verb 1. quest for - go in search of or hunt for; "pursue a hobby" quest after, go after, pursue look for, search, seek - try to locate or discover, or try to establish the existence of; "The police are searching for clues"; "They are searching for the the past 15 years," said Steve Hooper, a founding partner at Ignition and former telecom executive. "RadioFrame's technology gives the carriers an opportunity to generate significant revenue streams through the delivery of voice, data and new services to the enterprise." Nextel Communications is widely recognized for its innovative approach to servicing enterprises, which includes the sale of the RadioFrame System. "We're seeing tremendous opportunity in providing customized wireless voice and data solutions to the enterprise market," said Tom Kelly People named Tom Kelly include:
About the RadioFrame System RadioFrame Networks manufactures and markets the first platform solution to converge indoor wireless mobile voice and `carrier-grade' 802.11b WLAN services in the same installation. The RadioFrame System can support multiple wireless interfaces running over a single, powered CAT-5 wire (RJ45) in wide-area installations up to 2 million square feet (186,000 square meters). New, multiple wireless standards can be added to the existing installation with `plug and play' ease. It can be configured to handle varying levels of capacity and the software can be customized to accommodate each carrier's unique needs, from four-digit dialing to specialized applications, such as locally-switched calls at reduced rates. Presently, RadioFrame sells its converged system in 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. in partnership with Nextel Communications. It has announced a GSM-interface system that will support hundreds of callers and thousands of subscribers in the United States and Europe, available in 2002. About RadioFrame Networks Headquartered in Redmond, Washington Redmond is a city in King County, Washington, USA. It is situated on the eastern edge of the Seattle urban area, in what is known as the Eastside. In 2003 the Census Bureau estimated the city population was 46,391. , RadioFrame Networks(TM) Inc. is an indoor wireless infrastructure company developing a system that is the first to converge both mobile wireless voice/data and high-speed wireless LAN into one platform solution via software-defined radio A software-defined radio (SDR) system is a radio communication system which can tune to any frequency band and receive any modulation across a large frequency spectrum by means of programmable hardware which is controlled by software. technologies. The RadioFrame System increases the quality of service, capacity and coverage of indoor wireless at a fraction of the cost of current alternatives. For more information, please visit the company's Web site at www.radioframenetworks.com. About Ericsson Venture Partners Ericsson Venture Partners ("EVP EVP Executive Vice President EVP EGR (Exhaust Gas Recirculation) Valve Position Sensor EVP Electronic Voice Phenomenon EVP Europäische Volkspartei (Germany) EVP Employee Value Proposition ") is a $300 million venture capital fund. Its strategy is to achieve attractive financial returns by leading investments, across funding stages, in communications technology Noun 1. communications technology - the activity of designing and constructing and maintaining communication systems engineering, technology - the practical application of science to commerce or industry companies, with an emphasis on mobile. EVP aligns with the knowledge capital of Ericsson while leveraging the support of its other limited partners: Industrivarden, Investor AB Investor AB is a Swedish investment company, founded in 1916 and still controlled by the Wallenberg family. The company owns a controlling stake in several large Swedish companies. In 2006 it had a market value of 119 billion kronor (€13 billion). ($16 billion). , and Merrill Lynch Merrill Lynch & Co., Inc. (NYSE: MER TYO: 8675 ), through its subsidiaries and affiliates, provides capital markets services, investment banking and advisory services, wealth management, asset management, insurance, banking and related products and services on a global basis. . EVP focuses on Europe and North America through its offices in New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of and London. For more information, see www.evp.com. About Ignition Ignition, (www.ignitionpartners.com ), headquartered in Bellevue, Wash., is a premier venture capital firm founded by leaders in the software, Internet, communications and wireless industries dedicated to igniting winning businesses in software, telecommunications and network infrastructure. Founded by former Microsoft and McCaw Cellular Communication senior executives, Ignition's partners and principals all have operational leadership experience in the software, Internet, communications and wireless industries. Qualcomm, Softbank Venture Capital and Madrona Venture Group are prominent investors and strategic partners. About Nextel Communications Nextel Communications Inc., based in Reston, Va., is the leading provider of fully integrated wireless communications services and has built the largest guaranteed all-digital wireless network in the United States covering thousands of communities across the United States. Nextel and Nextel Partners, Inc., currently serve 184 of the top 217 U.S. markets. Through recent market launches, Nextel and Nextel Partners' service is available today in areas of the U.S. where approximately 217 million people live or work. The Nextel National Network offers a fully integrated wireless communications tool with digital cellular, Text & Numeric Messaging, wireless Internet access and Nextel Direct Connect(R) -- a digital two-way radio feature. In addition, through Nextel International, Inc., Nextel has wireless operations and investments in Canada, Mexico, Argentina, Brazil, the Philippines, Peru, Chile and Japan. Please visit their website at www.nextel.com. About Orange Ventures Orange Ventures is the venture capital arm of Orange SA, one of the largest mobile communications companies in the world with over 30 million subscribers and presence in over 20 countries worldwide. Orange Ventures invests in early-stage technology companies that are in line with the Orange vision of a wirefree(TM) future. Orange Ventures invests in Europe and the United States and has offices in London, UK and Boston, Massachusetts. |
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