Ubiquisys Flush With Femto Funds

Ubiquisys Ltd. has secured $11 million in new funding "from its existing shareholders" and plans to use the cash to help support forthcoming carrier Femtocell deployments. (See Ubiquisys Raises Femto Funds.)

The company also announced that it has a new chief financial officer, Alison Sparshatt, who has previously worked with companies such as Pixology, Anthropics Technology, and NetBenefit. She replaces Steve Dunn as CFO.

Ubiquisys counts Google (Nasdaq: GOOG) and T-Mobile International AG as strategic investors. It has inked commercial contracts with SoftBank Mobile Corp. and Orange France , and won a trial with TDC A/S (Copenhagen: TDC). (See Huawei, NEC Score Orange Femtocell Deal, NEC, Ubiquisys Win Softbank Femto Deal, T-Mobile Invests in Femto Firm, TDC Joins the Femto Club, and T-Mobile Invests in Femto Firm, and UbiquiSys Gets Google Boost.)

Softbank recently launched its first 3G femtocell deployment using Ubiquisys's ZoneGate femtocell. The Swindon, U.K.-based startup is expecting further carrier deployments soon.

There has recently been speculation about the future strategy of the company, with rumors that the firm could switch to a software-licensing model. This is, in part, because of the success of the "cognative radio" software the firm has developed to mitigate interference in femto deployments. (See Ubiquisys Rumor.)

For the moment at least, however, Ubiquisys seems focused on further femto rollouts.

— Dan Jones, Site Editor, Unstrung