GlobalReach Secures Equity Partner in Support of its Global Expansion and Transition to a U.S.-based Corporation
LONDON & NEW YORK (PRWEB) January 23, 2018 -- GlobalReach Technology, a leading global provider of high-performance Wi-Fi software, service and analytics to the world’s leading service providers and their customers, today announced the completion of a multimillion dollar strategic investment by Gate Worldwide Holdings, a privately funded venture capital company, based in New York.
GlobalReach, currently headquartered in London, provides a highly configurable, scalable and globally distributed technology platform that enables telecommunication providers and enterprises to deliver, manage and monetize Wi-Fi services. Built on proprietary technology, their award-winning captive portal, cloud-RADIUS / AAA wireless platform provides robust public Wi-Fi for major mass transit systems, including the London Underground and large-scale municipal networks, including New York, San Francisco and San Jose, allowing seamless connectivity for transient users. Its clients include Vodafone Group, Virgin Media, Level 3, Telecom Malaysia and Ruckus Wireless, the platform supports billions of authentications, supporting hundreds of various devices and operating systems.
The investment by Gate Worldwide Holdings will support the international expansion of GlobalReach as a U.S. entity (GlobalReach Technology, Inc.) and allow it to capitalize on its success as a market leader in Wi-Fi solutions. Later this year, the company will release a hospitality-focused solution that combines its market leading Hotspot 2.0 capability with centralized PMS authentication to maintain a single user store across multiple venues and brands without adding latency.
“We chose to invest in GlobalReach, based on its excellent reputation within the global Wi-Fi sector, as well as its market leading platform, which addresses the growing need for custom-fit Wi-Fi products and services,” says Ted Helvey, Managing Partner at Gate Worldwide Holdings. “With our support, we believe that GlobalReach will be able to further accelerate its growth and penetration into new global markets and verticals to become the go-to provider for Wi-Fi authentication and management services worldwide.”
Nigel Wesley, Founder and CEO of GlobalReach, adds, “We are thrilled to have Gate Worldwide Holdings as our equity partner and look forward to maximizing the potential of our advanced software platform. With an expansive and diverse client base to build on, GlobalReach is now firmly positioned to take advantage of the significant opportunities that lie ahead, with several major announcements to come in the first half of 2018.”
Due to its new status as a U.S. Corporation, GlobalReach Technology, Inc. plans to establish new world headquarters in Silicon Valley, California. Operating as a UK Subsidiary (GlobalReach Technology EMEA), the London office will continue to play a cornerstone role in the global company, retaining all of its staff and existing management team.
For more information, please visit http://www.globalreachtech.com.
Mark Howbrook, Plan A PR & Marketing, +1 (321) 221-4383, [email protected]
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