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Ubiquisys raises additional funding and appoints new CFO.

TELECOMWORLDWIRE-11 August 2009-Ubiquisys raises additional funding and appoints new CFO(C)1994-2009 M2 COMMUNICATIONS

Femtocell developer Ubiquisys announced today that it has raised an additional USD11m of funding from existing shareholders to support the company with a range of commercial operator deployments to take place globally in the near future.

This follows an announcement earlier this year that Softbank is to use the Ubiquisys ZoneGate in a commercial 3G femtocell deployment. Ubiquisys has forged partnerships with OEMs in the sector such as NEC, Nokia Siemens Networks and NETGEAR.

The company also announced the appointment of Alison Sparshatt as CFO. She has held previous positions with Pixology, Anthropics Technologies and NetBenefit.

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Date:Aug 11, 2009
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