ReefEdge Scores $13M Funding

FORT LEE, N.J. -- ReefEdge Networks, the leader in interoperable, managed and secure wireless LAN systems for multi-site enterprises, announced today it has raised $13 million in its latest round of investor financing bringing total investment in the company to over $40 million. ReefEdge will use the funding to fuel the company's next stage of growth in the rapidly growing market for multi-site wireless LAN systems.

Comcast Interactive Capital led the latest round of funding as a new investor. All major existing investors participated in the round including Bessemer Venture Partners, Columbia Capital, RRE Ventures, Allegra Partners, Ericsson Venture Partners and Saturn Venture Partners.

"We're very excited to have received this strong support from venture organizations associated with the leaders in the global telecommunications marketplace," said Ajei Gopal, CEO of ReefEdge. "This latest round of funding will ensure our continued success as the leading supplier of multi-site wireless LAN systems in the marketplace."

"Wireless for multi-site enterprises represents a significant growth opportunity. We believe that ReefEdge's technology, architecture, and solutions will play an important role in defining and profiting from this growth," said Warren Lee, Principal of Comcast Interactive Capital. "ReefEdge's success with multi-site enterprises and experienced executive management team represented compelling aspects of this investment opportunity, and we are pleased to join an outstanding group of investors to support the company as it enters its next stage of development."

ReefEdge Inc.