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April 10, 2007
SANTA CLARA, Calif. -- Telsima Corporation, a leading developer and provider of WiMAX based Broadband Wireless Access (BWA) and Mobility solutions, announces $50 million in new funding. It includes commitments from the initial investor syndicate: NewPath Ventures, New Enterprise Associates, CMEA Ventures, JAFCO Asia, and other strategic investors.
Telsima is rapidly growing its customer base with commercial deployments in emerging markets such as India, and Central and Eastern Europe (CEE). Based on innovative, high performing technologies, Telsima’s solutions break price-performance barriers, particularly suitable for emerging and rapidly growing markets.
"With several multi-million dollar contracts from Tier 1 operators, Telsima has proven it understands the challenges and opportunities carriers face when deploying WiMAX networks," said Telsima CEO, Dr. Alok Sharma. "This capital infusion allows continued innovation and deployment of our systems on a global scale – taking Telsima to the next level: a flagship telecom equipment company."
Telsima’s StarMAX™ BWA product lines resemble end-to-end WiMAX solutions to operators and service providers. Telsima’s award winning, patent-pending TRUFLE™ mobility architecture and T-STORM spectral resource management bridges Telsima into new markets. It enables operators to cost effectively deploy non-line-of-sight, fixed or portable broadband wireless multimedia services in dense urban, suburban and rural environments now, and 4G Mobile WiMAX next.
"Telsima is fortunate to have investors that share our vision," said Mahesh Karanth, CFO Telsima. "Their willingness to reinvest in the company demonstrates not only their commitment to that vision but to our ability to act on the implementation of that vision. We embrace their support for our mission to expand WiMAX worldwide."
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