Ubiquisys Raises $11m Funding to Support Femtocell Deployments Worldwide
Company Secures Funding and Announces New CFO as Commercial Deployments Begin Swindon UK - Ubiquisys, the leading developer of 3G femtocells, today announced it has secured $11m dollars funding from its existing shareholders to support it with a range of commercial operator deployments soon to take place globally targeting both the consumer and enterprise markets. At the same time the company also announced that Alison Sparshatt will be joining as CFO.
"The femtocell industry is about to enter a phase of aggressive growth," said Chris Gilbert, CEO of Ubiquisys. "We have already seen the first major operator launches and the autumn will see a number of others unveiling their future plans. Securing this funding, against the current economic backdrop, underlines our investors' commitment to the company's technology and reaffirms our position as pioneers of the femtocell market."
Earlier this year Softbank announced the world's first commercial 3G femtocell deployment using the Ubiquisys ZoneGate. The company has pioneered the industry since it was founded in 2004, securing partnerships with the leading OEMs in the sector such as NEC, Nokia Siemens Networks, and NETGEAR. The company's real-time cognitive radio was central in solving the issue of interference seen by many as a potential stumbling block to widespread femtocell deployments.
The appointment of Alison Sparshatt brings proven expertise in guiding the growth and maturity of entrepreneurial technology companies. Her comprehensive experience with pioneering technology companies such as Pixology, Anthropics Technology and NetBenefit will be invaluable to Ubiquisys as it moves into a new growth phase.
Contacts For Ubiquisys Ed Howson Tel: +44 (0)7740173051 ed.howson@temono.com
