 |
 |
 |
||||||||||||||
|
 |
 |
 |
|
 |
|
 |
|
 |
|
 |
|
||||
| < 2005 News Listings | ||||||||||||||||
|
RICHARDSON, TX BUSINESS WIRE February 3, 2005 InnerWireless®, Inc., today announced that it raised $11 million from existing investors during the company's recently completed Series C funding. InnerWireless plans to use the funds to further accelerate rollout of the InnerWireless system for healthcare, Fortune 1000, and government markets. The InnerWireless System is a unified broadband wireless distribution platform capable of delivering services and applications across interpersonal communications, clinical and information technologies, and building services. When installed in a building, the InnerWireless System becomes the equivalent of a Wireless Utility that allows the owner to utilize wireless services and applications in an engineered, guaranteed, and managed environment. Participants in the Series C funding included Johnson Controls, Inc., (NYSE:JCI), the recognized global leader in building controls and infrastructure, as well as existing InnerWireless venture capital investors Sevin Rosen Funds, Rho Ventures, Massey Burch Capital Corp., Technology Associates Management Company (TAMC), and Genesis Campus. "InnerWireless continues to make excellent progress in creating a managed wireless environment for our customers," said InnerWireless CEO Ed Cantwell. "We believe 2005 to be a breakout year where the proliferation of wireless services, applications, and devices will fundamentally improve safety and productivity across all market segments; of particular note is the adoption of wireless within healthcare." Cantwell added: "We plan to use these funds to further accelerate growth by introducing InnerWireless into new markets, and by expanding our global relationship with Johnson Controls. It's truly fascinating to see how pervasive wireless has become, and now, businesses are seeing wireless for what it truly is -- an asset to the enterprise -- and they're taking control of their own wireless utility just like they control their plumbing, heating and air conditioning, electricity, and building-automation platforms." About InnerWireless InnerWireless® is a unified wireless distribution platform that supports a full range of wireless services and applications in hospitals and large commercial buildings. InnerWireless, which guarantees wireless coverage inside buildings ranging in size up to 10 million square feet, is properly engineered to accommodate wireless systems essential for: -- Interpersonal Communications including PCS/cellular, messaging/personal data, enterprise voice, and paging -- Enterprise Operations such as Wi-Fi, RFID, and specialized applications for venue-specific requirements -- Building Operations including building automation, security and first-responder communications, and push-to-talk radios InnerWireless has a strategic alliance agreement with Johnson Controls, Inc., (NYSE:JCI) the recognized global leader in building controls and infrastructure. Under the agreement, the companies collaborate to bring truly unique wireless solutions to market. Johnson Controls (www.jci.com) holds an equity position in InnerWireless. For more information about InnerWireless, see www.InnerWireless.com |
|
|
Copyright ©2007 Rho Capital Partners, Inc.