- Wi-Fi RTLS and Software Tools Maker Attracts New Funding for
Worldwide Expansion from a Syndicate of International Investors
Ekahau Inc., today announced that it has attracted a total of US$16
million in financing in 2006, including US$12 million in Series B equity
funding and US$4 million of venture loans and government funding. New
investors include several large international investors, with founding
investor Nexit Ventures participating. This funding will allow the company
to continue its aggressive growth and international expansion in the Wi-Fi
RTLS (Real Time Location System) and Wi-Fi tools markets. Ekahau provides
wireless enterprise solutions across multiple industry segments to improve
nterprise asset utilization, process workflows and employee safety and
security.
Ekahau will use the infusion of capital to fund its growth and
international expansion, R&D, sales and marketing efforts. The company will
invest significantly in building out its sales and marketing, engineering and
support organization, and continuing its RTLS innovation. With several new
products in the pipeline for 2006 and 2007, the company is extremely well
positioned to continue its market and technology leadership.
"This new investment in Ekahau is a validation of our business to date,
as well as of our vision of driving the Wi-Fi market beyond its traditional
use of voice and data," said Antti Korhonen, president and CEO of Ekahau.
"Our company has developed a strong reputation and good brand recognition in
several industrial segments, including manufacturing and health care. With
this new funding, we are now moving to the next phase of our aggressive plan
to deliver more innovative RTLS and wireless solutions worldwide."
Ekahau investors include: Nexit Ventures, 3M Company, Finnish
Industry Investment Ltd., Sampo Group, the Finnish Funding Agency for
Technology and Innovation TEKES and a group of individual investors.
"We are encouraged by the growing momentum of the Wi-Fi RTLS
market and Ekahau is a technology leader delivering innovative solutions that
work," said Lem Amen, vice president of Track and Trace Solutions at 3M in
St. Paul, Minn. (USA).
About Ekahau Inc.
Ekahau Inc. is the industry leader in providing Wi-Fi based
RTLS solutions. Ekahau's customers, including several Fortune 500 companies
worldwide, are realizing the benefits of Wi-Fi-based location services, and
innovative Wi-Fi network planning and optimization tools. Ekahau partners
include wireless software developers, leading system integrators, and
international OEM partners, who develop and market wireless enterprise
applications. For more information about Ekahau, please visit at
www.ekahau.com
(c) Copyright 2006, Ekahau, Inc. All Rights Reserved.
Ekahau Inc.
Media Contact U.S. Juliet Travis, Rocket Science PR, for Ekahau, +1-415-464-8110 x 5, juliet@rocketscience.com; Media Contact Europe Antti Korhonen, CEO & President, +358-400-397-979, antti.korhonen@ekahau.com; Nina Mattsson, Ekahau Sr Marketing Manager, +358-50-556-6998, nina.mattsson@ekahau.com
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