Aperto Networks Raises $20 Million in New Equity Financing
Aperto® Networks, builder of the world’s most advanced carrier-grade and cost-effective WiMAX base stations and subscriber units, announced today that it has secured $20 million of new equity funding.
Milpitas, CA (Vocus/PRWEB ) April 2, 2008 -- Aperto® Networks, builder of the world’s most advanced carrier-grade and cost-effective WiMAX base stations and subscriber units, announced today that it has secured $20 million of new equity funding.
The financing round was led by Quicksilver Ventures and included participation from several of the existing investors including Gunn Allen Venture Partners, JK&B Capital, Canaan Partners, Alliance Ventures, Innovacom, JAFCO Ventures, and Labrador Ventures.
“Aperto has the technology and, with this funding, the financial critical mass to become the leading WiMAX infrastructure pure play globally,” said Randall Meals, Managing Director of Quicksilver Ventures. “With a comprehensive WiMAX portfolio including fixed and mobile WiMAX, as well as support for licensed and unlicensed spectrum bands, Aperto is in a unique position to address multiple market segments across a very wide geography.”
“Aperto has made great progress over the last year and is now engaged with over one hundred customers worldwide with our PacketMAX product line," said Mike Pratt, President and CEO of Aperto Networks. "We will use this round of funding to solidify our position as the leading supplier of mobile and fixed WiMAX products to service providers and enterprise customers worldwide.”
The PacketMAX family of products delivers the critical elements required to extend wireless broadband services to a wide range of users—ranging from governments, large enterprises and public-sector organizations to multi-tenet buildings and residences—using a single, standards-based platform. The company’s flagship product, the PacketMAX 5000 base station, is also the only carrier-grade base station that can support and operate both the IEEE802.16-2004 and IEEE802.16-2005 WiMAX standards simultaneously.
About Aperto Networks:
Aperto Networks helps service providers worldwide profitably deliver affordable wireless voice and broadband services by building the world’s most advanced fixed and mobile WiMAX Forum Certified base stations and subscriber units. Aperto fundamentally changes the economics of delivering voice and broadband services through IP-rich, point-to-point and point-to-multipoint networks, allowing carriers to offer a wider variety of services to more customers using less equipment. Its carrier-grade WiMAX technology offers industry-leading subscriber density, quality of service, ease of use, and reliability. Aperto is a founding board member of the WiMAX Forum, as well as a founder and lead contributor to IEEE 802.16 and the ETSI-BRAN standards. Serving more than 400 customers in 90 countries, Aperto Networks is based in Milpitas, California. For more information, visit us at www.apertonet.com.
“Aperto Networks” and “PacketMAX” are registered trademarks of Aperto Networks. The Aperto logo is a trademark of Aperto Networks. All other trademarks are the properties of their respective owners.
Contact:
Chris Wilhelm
Tel: 1-408-519-4745
PR @ apertonet.com
###
Post Comment:
Trackback URL: http://www.prweb.com/pingpr.php/Q291cC1Qcm9mLUluc2UtTG92ZS1TdW1tLVplcm8=
Bookmark -
Del.icio.us |
Furl It |
Technorati |
Ask |
MyWeb |
Propeller |
Live Bookmarks |
Newsvine |
TailRank |
Reddit |
Slashdot |
Digg |
Stumbleupon |
Google Bookmarks |
Sphere |
Blink It |
Spurl
|
