Mobixell announces it has raised $4 million in funding from existing investors led by Apax Partners

June 24, 2004

2 Min Read

NEW YORK -- Mobixell Networks Inc., providing top-performance mobile multimedia adaptation and optimization solutions for mobile services, announced today that it has raised $4 million from its existing global investors, enabling the company to further pursue its ambitious growth strategy. The round was led by Funds advised by Apax Partners, one of the world's leading private equity investment groups and also included Siemens Mobile Acceleration (SMAC), a wholly owned subsidiary of Siemens Mobile and one of Europe’s foremost wireless investors, Comverse Technology Inc. (NASDAQ:CMVT), the world leader in multimedia enhanced services and software and Optibase Ltd. (NASDAQ:OBAS), a world leader in broadband media streaming solutions.

Mobixell Networks has gained a leadership position in the multimedia adaptation and optimization field through the global deployment of its superior performance, carrier-class platform. Mobixell’s products are operationally deployed in several 1st Tier operators and in over a dozen commercial installations worldwide: in Europe, Asia Pacific, Middle East and Africa. The Central RMSC solution is designed to support mobile multimedia services, by enabling the processing of images, animation, audio and video. Mobixell’s Central RMSC provides high capacity real-time handling of multimedia, using patent-pending adaptation algorithms. The platform optimization, rendering and delivery capabilities allow mobile subscribers to enjoy a superior, media-rich messaging experience. The Central RMSC solutions cater to the full line of applications such as multimedia messaging, media album, instant messaging, entertainment, and others, forming the core of the anticipated increase in operator’s data ARPU.

“Our products were selected by numerous leading mobile operators worldwide and have been successfully deployed within their commercial networks providing excellent user experience and improved customer satisfaction funding”, said Amir Aharoni, President and CEO of Mobixell. “This new investment round will fuel our worldwide expansion and accelerate the company’s support to its growing number of customers and channels worldwide. The tremendous growth of the mobile multimedia market and the leadership position of our company made the additional investment decision obvious to all our existing shareholders and stirred high interest from potential new investors.”

Sachi Gerlitz, a Director at Apax Partners said, "Mobixell has gained a clear leadership position in the market through its very successful penetration and deployments at top tier accounts. We are extremely impressed with the market growth made possible by the Mobixell team and their cutting-edge technology; this creates enormous opportunities for the company. Our additional investment is a clear sign to our growing confidence in the company’s long-term growth and performance”.

Mobixell Networks Inc.

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