iBwave Secures Private Investment

iBwave catches the interest of a group of Canadian-based private investors.

Montreal, Canada (PRWEB) November 8, 2008 -- iBwave Solutions, Inc. is proud to announce that it has secured an investment round with a group of private investors led by Mike Cegelski, iBwave's Executive Chairman, in order to propel its business into the next decade. iBwave will benefit from this leverage to increase its strength in continually improving its best of breed solutions for its customers.

Under the guidance of its worldwide customer base, iBwave has an aggressive plan going forward while it thrives to continually offer unsurpassed customer care. In the short term, iBwave aims to grow its business organically and plans to double its current worldwide team within the next 18 months.

"Today, we are widely regarded as uncontested leaders in in-building wireless planning and design." says Mike Cegelski, "Now that we have proven our abilities to deliver high-return solutions to our customers around the globe, we will be investing even more in assuring them ever increasing value from our solutions".

"iBwave's RF-vu software suite has undeniably became the industry standard for indoor wireless planning and design, a momentous achievement for a relatively small organization covering a worldwide market" says Mario Bouchard, iBwave's President & CEO, "Our customers are so enticed by the value of our solutions, that they are continually demanding more functionalities and capabilities. iBwave is persistently innovating its product line and we will be introducing new enterprise and internet-based solutions in the coming years".

"We have invested in an organization that is clearly poised for success" says Nick Bélanger, managing partner at Groupe W, a Montreal-based private investor in iBwave, "They have demonstrated their ability to execute and we intend to support iBwave's management in accelerating its achievements".

The terms and conditions of the investment remain confidential although it is clearly understood that iBwave's current management team and strategic road map will continue to be supported by its new shareholders. Current management preserves complete control over on-going operations.

About iBwave Solutions

iBwave is an international in-building wireless software company that delivers unique planning and design solutions to a client base composed of wireless operators, equipment manufacturers and infrastructure integrators from more than 40 countries on five continents. iBwave offers industry-specific planning and design software to answer the needs of the in-building wireless industry. RF engineers can take in-building network design beyond prediction to improve accuracy and standardize designs that are shared across the in-building community. iBwave's mission is to create an adopted standard within its industry and to set specific guidelines for designing and planning in-building wireless solutions.

www.ibwave.com

For further information, please contact:

iBwave Solutions Inc.

Laurence Trudeau

Marketing and Communications Manager

+ 1.514.397.0606 x.300

laurence.trudeau(at)ibwave.com

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