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InterDigital Communications
Corporation and Kineto Wireless, Inc. recently announced the
closing of a $10 million round of funding in Kineto, the key
innovator and leading supplier of UMA technology. InterDigital
led the round with an investment of $5 million, while Kineto's
existing investors Sutter Hill Ventures, Venrock Associates, 3i,
Oak Investment Partners, SeaPoint Ventures and Storm Ventures -
also participated in the financing.
“Major operators around the world
are looking to deploy innovative solutions to drive fixed-mobile
convergence products to their customers,” said William J.
Merritt, Chief Executive Officer of InterDigital. “As the
recognized leader in UMA, Kineto has demonstrated its ability to
successfully deploy a convergence solution that meets the
demands of many of the leading operators and manufacturers in
the telecommunications industry.”
“We are pleased to have
InterDigital join the team and help us continue to lead in the
global deployment of UMA technology,” said Rick Gilbert,
President and Chief Executive Officer of Kineto Wireless.
“Operator rollouts of UMA are continuing to accelerate, and we
are pleased to secure additional resources to help scale the
company and meet this growing demand.”
Unlicensed Mobile Access (UMA)
technology is the 3GPP global standard for fixed-mobile
convergence. UMA enables secure, scalable access to mobile
voice, data and IMS services over broadband IP access networks.
By deploying UMA technology, mobile operators can deliver a
number of compelling fixed-mobile convergence services. The most
well known application of UMA is dual-mode cellular/Wi-Fi
handsets, which enable subscribers to automatically roam and
handover between cellular networks and public and private WLANs.
Leading operators around the world have embraced UMA technology
as the foundation of their fixed-mobile convergence strategy,
including Telecom Italia, France Telecom/Orange and TeliaSonera.
Kineto Wireless is the key
innovator and leading supplier of Unlicensed Mobile Access (UMA)
technology, the 3GPP standard for fixed-mobile convergence. As
the leading provider of UMA technology, Kineto supplies core
network solutions through OEM partnerships with leading network
infrastructure providers, and also provides UMA-compliant
software, development tools and support services to mobile
platform suppliers, mobile handset developers, and other
consumer electronics vendors. Kineto was recently named as the
recipient of the 2006 Financial Times (FT) World Communications
Award for innovation in technology for its role in UMA.
For more information, please
visit www.kineto.com |