Extricom Lands $12M

Extricom, developer of an 'Interference-Free' WLAN system, closes $12M Series C funding round

October 26, 2006

2 Min Read

NEW YORK and HERZLIA, Israel -- Extricom, the designer and manufacturer of the award-winning Interference-Free™ Wireless LAN System, today announced the completion of its Series C round of $12 million USD. Led by Belden (NYSE:BDC), with participation from existing investors including Motorola Ventures, Magnum Communications Fund, and Vertex Venture Capital, the new investment will support Extricom’s continued global expansion and strengthen the company’s sales and customer support efforts through a growing network of partners and resellers.

As evidenced by Extricom’s recent technology partnership with Belden and design wins worldwide, next-generation WLAN deployments are accelerating, as enterprises increasingly seek to truly “cut the cord” for voice, video, and data communications. Extricom has established itself as a leader in the next generation of enterprise Wi-Fi, with an infrastructure solution designed to concurrently support real-time, mobile applications such as voice over WLAN (VoWLAN).

“This is an exciting time in the evolution of WLAN. We’re orchestrating a dramatic shift in enterprise adoption, from the many shortcomings of traditional ‘cell planning’ approaches to our next-generation ‘channel blanket’ topology, which guarantees predictable levels of high performance service for all users,” said Gideon Rottem, CEO and founder of Extricom. “We are leading the charge in WLAN technology and are honored by the strong vote of confidence from our investors to bring our vision to market.”

In a separate release:

ST. LOUIS, Miss. -- Belden (NYSE:BDC) today announced that it has invested $5 million to purchase a minority interest in Extricom, a privately held designer and manufacturer of next-generation enterprise Wi-Fi infrastructure solutions.

Belden, a world leader in the development of signal transmission products for the enterprise and industrial markets, and Extricom, the designer of the award-winning Interference-Free™ Wireless LAN System, announced in August that they had formed a technology partnership to further develop enterprise Wi-Fi solutions enabled by Extricom’s core technology. Today’s announcement signifies an extension of that relationship.

“Part of our previously announced strategic direction is to expand the core of our business in the areas of wireless technology, optical fiber and connectivity. This investment in Extricom is a milestone in the wireless aspect of that strategy and a development that we believe can be leveraged to provide further growth,” said John Stroup, President and Chief Executive Officer of Belden. “It also signals our deep commitment to meeting the full range of needs of our enterprise customers. With Extricom’s technology, we are extending the transmission capability of our industry-leading network solution into the wireless environment using a truly differentiated technology.”

Extricom Ltd.

Subscribe and receive the latest news from the industry.
Join 62,000+ members. Yes it's completely free.

You May Also Like