Search on : Google VentureCapitalReporter

Get the latest Venture Capital & Angel investors news and info Join Our Mailing List:

Your Name: 

Your Email:  

Follow us on
 
  • Extricom Secures $12 Million Series C Financing

    October 31st, 2006 No comments

    Extricom, the designer and manufacturer of the award-winning Interference-Free™ Wireless LAN System, recently announced the completion of its Series C round of $12 Million. Led by Belden, with participation from existing investors including Motorola Ventures, Magnum Communications Fund, and Vertex Venture Capital, the new investment will support Extricom’s continued global expansion and strengthen the company’s sales and customer support efforts through a growing network of partners and resellers.

    As evidenced by Extricom’s recent technology partnership with Belden and design wins worldwide, next-generation WLAN deployments are accelerating, as enterprises increasingly seek to truly “cut the cord” for voice, video, and data communications. Extricom has established itself as a leader in the next generation of enterprise Wi-Fi, with an infrastructure solution designed to concurrently support real-time, mobile applications such as voice over WLAN (VoWLAN).

    “This is an exciting time in the evolution of WLAN. We’re orchestrating a dramatic shift in enterprise adoption, from the many shortcomings of traditional ‘cell planning’ approaches to our next-generation ‘channel blanket’ topology, which guarantees predictable levels of high performance service for all users,” said Gideon Rottem, CEO and founder of Extricom. “We are leading the charge in WLAN technology and are honored by the strong vote of confidence from our investors to bring our vision to market.”

    Extricom’s patented Interference-Free™ WLAN system represents the next generation of enterprise Wi-Fi, with a fundamental shift in architecture from “cell-planning” to a “channel blanket” topology. The technology eliminates the co-channel interference that plagues traditional WLAN systems, to deliver seamless and zero-latency mobility, robust, ‘wire-like’ client connections, and the ability to design for a guaranteed and predictable level of service for all users. All this, without the iterative and costly RF cell-planning of traditional solutions. The result is a high-performance yet simple solution for powering the enterprise triple play of data, voice (VoWLAN), and video.

    “Extricom is carrying the flag for next-generation WLAN through its Interference-Free system and seizing that opportunity,” said John Stroup, President and CEO of Belden. “Our investment represents both an endorsement of Extricom’s vision and a significant milestone in Belden’s wireless strategy to expand our core offerings through the use of Extricom’s WLAN technology.”

Leave a reply

Please leave these two fields as-is:

Protected by Invisible Defender. Showed 403 to 27,993 bad guys.

 

Latest Headlines:

Wednesday November 30, 2011
Health Care Solutions companies Infinity Pharmaceutics, NanoVobronix and Selventa raise funds.


Monday November 21, 2011
Panda Power opens $420 Million Fund for Solar and Natural Gas Projects


Thursday November 17, 2011
Better Place raises $200 Million for Electric Cars in the Series C of Funding


Wednesday November 16, 2011
Accel Partners raise $100 Million Big Data Fund to Invest in Hadoop, NoSQL and other Companies


Tuesday November 15, 2011
Skimlinks raises $4.5 Million to help Bloggers Increase their Gains


Monday November 14, 2011
Standing Cloud raises $3 Million to help New Cloud Providers grow Faster


Thursday November 10, 2011
Zillow acquires Diverse Solutions for $7.8 to help Real Estate Agents increase their Visibility


Wednesday November 09, 2011
Pontifax raises $88 Million Fund