Twisted Pair Solutions, Inc., a leading software company that designs and builds IP-based group communications software, recently announced it has closed its first round of venture capital funding, receiving $9 million from an investment group syndicate co-led by Ignition Partners and Core Capital Partners, and to include Chart Venture Partners. This investment will be used to accelerate the company’s rapid growth through an extended focus on sales, marketing and partner development, as well as further advancement of its core WAVE technology.

"This investment allows us to accelerate our response to the incredible demand we are seeing from our partners and end customers, powering additional products, services and solutions with our core software technology," said Tom Guthrie, President and CEO of Twisted Pair Solutions. "Ignition, Core and Chart bring a wealth of experience that allows us to significantly increase the breadth of market-specific solutions as well as the depth of software components and development tools for our worldwide partners."

"The global communications environment has become increasingly complicated with new technologies and standards which are constantly evolving," said Adrian Smith, Principal at Ignition Partners. "We see a significant opportunity for a company like Twisted Pair that has the technical competence and experience to make these technologies work together to allow people to seamlessly communicate in any situation. Twisted Pair's solution has been tried and tested in some of the most demanding, mission-critical communications environments in the military and government. We believe that they are ideally positioned to solve communication interoperability challenges in many commercial segments."

Started in 1999, the WAVE software technology has been broadly accepted as the leading solution of choice for enabling and managing group communications and achieving interoperability. Thousands of customers in defense, public safety, finance, and utilities leverage the advantages of WAVE to connect people using disparate and often incompatible communications technologies into a single, interoperable and manageable communications system. WAVE specializes in managing and configuring group communications to meet an organization’s needs while avoiding a fork-lift upgrade of existing communications equipment. Today, WAVE software technology is sold worldwide as bundled product suites through Twisted Pair’s systems integration partners as well as OEM partners who build their own products and services using the WAVE Software Development Kit.

"Interest in WAVE software technology is at an all time high and increasing with each deployment," said René Grossrieder, Vice President of Sales and Marketing of Twisted Pair. "Our ability to harness this growth and establish aligned business processes with crisp execution is significantly enhanced with this round of funding. New marketing, sales and business development initiatives are already underway and will be a driving force in achieving previously unattainable levels of growth, profitability and partner development."