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Siemens Linked to Chantry

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LR Mobile News Analysis
Light Reading
10/27/2004

Enterprise wireless LAN startup Chantry Networks Inc. is being linked to a future partnership deal with German incumbent Siemens AG (NYSE: SI; Frankfurt: SIE).

Unstrung has heard from a number of sources that Siemens is on the hunt for an OEM partner in the 802.11 market, following earlier deals with Cisco Systems Inc. (Nasdaq: CSCO) and SpectraLink Corp. (see Siemens OEMs SpectraLink).

Rumors of a possible tie-up between Chantry and Siemens have strengthened this month as a result of the startup receiving a $6 million cash injection from Siemens Venture Capital (SVC) (see Siemens Invests in Chantry). Along with the investment, Louis Rajczi, investment partner at Siemens Venture Capital, has joined Chantry’s board of directors.

Siemens certainly isn’t ruling out a future partnership. “It depends on the solution, but we have obviously invested because we find it an interesting opportunity,” says Martin Sanne, senior VP for the vendor’s mobile networks strategy and marketing division. “We have invested in order to make sure that we are able to integrate it into our product portfolio. So, yes, there is potential for it, unless something happens along the way.”

Chantry was unable to respond to calls by press time. The company, which has developed a wireless LAN router system that manages access points via Layer 3 connections, has raised $26 million in venture funding since 2002 (see Chantry Grabs Another $11M).

— Justin Springham, Senior Editor, Europe, Unstrung

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