RFI gains £2million to accelerate international growth - Embedded.com

RFI gains £2million to accelerate international growth

LONDON — Close Venture Management is investing £2million in RFI Global Services to enable it to accelerate the expansion of its international market presence and allow the company to increase its range of compliance and product development services.

RFI's (Basingstoke U.K.) plans include expansion of U.K. facilities, introduction of new services as well as establishing presence in Korea to increase its current Eastern Asia activities, as part of aggressive growth within the international market for test and certification laboratories.

RFI is planning to introduce services in 2006 to match the sophisticated test demands of the mobile products emerging from the convergence of mobile telephony, wireless LAN, camera and video capabilities with smartcard contactless terminals.

Stephen Kirk RFI’s Chief Executive, said, “RFI now have in Close, a long-term finance partner to work with our technical and business expertise in test and certification to create an international brand synonymous with quality, professionalism and speed.”

In August RFI set up a joint venture with Taiwanese test house Sporton International. In November it restructured its cellular management to speed roll-out of services.

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