Product category:
Communications ICs (Wireless)
News Release from: Qualcomm
Edited by the Electronicstalk Editorial
Team on 02 November 2001
Flarion finds funds for further
expansion
Flarion Technologies has received $45 million in Series B equity financing from Cisco Systems, Nassau Capital and lead investor, Pequot Capital.
Flarion Technologies has received $45 million in Series B equity financing from Cisco Systems, Nassau Capital and lead investor, Pequot Capital Also participating in this round were Series A investors Bessemer Venture Partners, Charles River Ventures and Lucent Technologies' New Ventures Group
This article was originally published on Electronicstalk on 5 Sep 2006 at 8.00am (UK)
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"Mobile operators continue to struggle with the business case to mobilize the Internet", said Martin Hale, senior vice president with Pequot Ventures, the venture arm of Pequot Capital Management, and member of Flarion's board of directors.
"Flarion has the operational experience, a proven management team and the technology to help mobile operators deliver on a profitable, mobilized Internet, today".
"With Flarion, mobile operators can now deploy an affordable technology for the delivery of profitable 'all you can eat' data services to existing customers and new markets, for immediate revenue growth", said Ray Dolan, president and CEO of Flarion Technologies.
"With the help of our investors, we are confident that Flarion will continue its momentum and deliver on the mobilised Internet business case in 2002".
Rajiv Laroia, founder and CTO of Flarion Technologies added, "Flarion's mobile communications network allows users to access the Internet at vehicular speeds, and achieve the same experience as if they were at their business or home, with no changes to the IP protocol, applications, devices, or content".
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