Ubiquisys Meets Key Milestones and Secures $9M Growth Investment
12th July 2010
Funding will be used to accelerate growth in line with market momentum
Swindon, UK - Ubiquisys, the leading developer of 3G femtocells, today announced it has completed a $9M funding round led by 5 Continents Consulting Group (5CCG), with participation from new investor Yasuda Enterprise Development Co. and existing investors Advent Venture Partners, Accel Partners and Atlas Venture.
The capital will be used to accelerate the company’s programme to meet significant demand for its femtocell technology, including new market segments such as indoor hot-spots, metro and rural deployments. These strategic investors bring significant expertise which will support the next generation of Ubiquisys products and its expansion into new markets.
In the past twelve months Ubiquisys has met a number of strategic milestones, including:
- SFR in France and SoftBank in Japan have successfully launched with Ubiquisys femtocells, driving strong revenue growth.
- SoftBank is offering its femtocells for free, driving massive consumer demand.
- Exploiting its extensive IPR to develop the full range of small cells: residential, enterprise, rural and metro.
Its Femto-Engine software system has enabled the only femtocell with a wholesale price below $100.
“Ubiquisys is in a great position right now as we believe that the dynamic growth of the global Femto market is just starting-up. Ubiquisys has a sustainable technology advantage, its products have been tested and launched by multiple operators across the world, and it has started to deliver serious volumes,” said Michael Bornhäusser, Founder and Managing Partner of 5CCG. “I’m very excited to be getting involved in further accelerating the company’s growth and supporting the company on the board of directors.”
“The femtocell market is ramping faster than we envisaged, and the advent of the free model, pioneered by SoftBank and enabled by Ubiquisys, will only increase that momentum,” said Chris Gilbert, CEO Ubiquisys. “We are delighted to add the high-calibre support of 5CCG and Yasuda to our strong investor base as we embark on the next phase of our growth strategy.”
Ubiquisys is ranked the #1 femtocell vendor by ABI Research Inc, with mass-market commercial deployments including SFR in France and SOFTBANK MOBILE in Japan. The Ubiquisys difference is intelligence: femtocells that continuously listen to their surroundings, making invisible decisions about configuration, application triggers and media interaction. This has led to a unique range of residential femtocells, self-organising femto networks for enterprise, plus rural and metro outdoor femtocells. Its Femto-Engine software system creates a complete ready-to-deploy 3G femtocell, providing encapsulated deployment expertise off-the-shelf. Ubiquisys Hardware Blueprints enable manufacturers to rapidly produce low-cost femtocell devices customised to Mobile Operator specifications. Ubiquisys investors include Accel Partners, Advent Venture Partners, Atlas Venture, Google and T-Mobile Venture Fund. (www.ubiquisys.com)
About Five Continents Consulting Group
5 Continents Consulting Group (5CCG) is an international strategy consulting and club deal investment company with presence in Europe, Latin America, the US and the APAC region. It was founded 2008 comprising successful entrepreneurs and senior executives in the telecommunications, media and technology industries. With consulting clients including leading international network, digital entertainment providers and the financial industry as well as international investors backing 5CCG’s club deal investment business, 5CCG has been ideally placed to recognise the emerging value chain enabled by femtocells. 5CCG is headquarted in Basel Switzerland. (www.5ccg.com)
About Yasuda Enterprise Development
Yasuda is one of the largest and most experienced VC firms in Japan, with more than 200 IPO achieved since its inception. It is part of the world-wide network of the Yasuda Group, based primarily in Japan and in the US. Yasuda expertise provides support for international business development and strategic alliances, syndicating professional investors and strong corporate partners, and growing companies with IPO and M&A potential. (www.yedvc.co.jp)
About Advent Venture Partners
Advent Venture Partners is one of Europe’s most established venture and growth capital firms, investing in world-class technology and life sciences businesses. We seek out remarkable companies that want a pragmatic and well-connected partner by their side. We are dedicated to executing a risk-balanced investment strategy delivering consistent returns for our investors. Advent’s technology team backs leading European technology-driven growth businesses in Internet, digital media, software and services, telecoms, and cleantech. Our investments include: Zong, a leading mobile payments solutions provider; Qype, Europe’s largest local search and review site; and The Foundry, a buyout of the Academy Award winning global visual effects software vendor for the post-production industry. www.adventventures.com
About Atlas Venture
Atlas Venture is a leading early-stage international venture capital firm that invests in technology and life sciences businesses. Since inception in 1980, its partners have helped build over 350 companies in more than 16 different countries. Atlas Venture is currently investing from its eighth fund which closed in late 2008. For more information, visit www.atlasventure.com.
About Accel Partners
Founded in 1983, Accel Partners has a long history of excellence and innovation in venture capital, and is dedicated to partnering with outstanding entrepreneurs and management teams to build world-class businesses. Today invests globally using dedicated teams and market-specific strategies for local geographies, with offices in Palo Alto, California, London, UK, New Delhi and Bangalore, India as well as in China via the IDG-Accel Partnership.
With over $6 billion under management, Accel has helped entrepreneurs build over 300 successful companies, many of which have defined their categories, including Actuate, AdMob, Agile Software, Arrowpoint, BBN, Brightcove, ComScore, Facebook, Foundry Networks, Gameforge, Groupon, Infinera, Interwoven, JBoss, Macromedia, Maven Networks, metroPCS, Polycom/PictureTel, Portal Software, QlikTech, Rapt, Real Networks, Redback Networks, Riverbed, UUNet, Veritas, Walmart.com, Webroot, Wily Technology, XenSource and Zimbra. For more information, please visit the Accel Partners web site at www.accel.com, or find us on Facebook at www.facebook.com/accel.