LONDON Ubiquisys (Swindon, England), a developer of 3G femtocells, has secured $11 million funding from its existing shareholders to support it with a range of commercial operator deployments soon to take place globally targeting both the consumer and enterprise markets.
Ubiquisys is funded by Accel Partners, Advent Venture Partners, Atlas Venture, Google and T-Mobile Venture Fund. Alison Sparshatt will be joining the companys as CFO.
“The femtocell industry is about to enter a phase of aggressive growth,” said Chris Gilbert, CEO of Ubiquisys. “We have already seen the first major operator launches and the autumn will see a number of others unveiling their future plans. Securing this funding, against the current economic backdrop, underlines our investors' commitment to the company's technology and reaffirms our position as pioneers of the femtocell market.”
Earlier this year Softbank announced the world's first commercial 3G femtocell deployment using the Ubiquisys ZoneGate. The company has pioneered the industry since it was founded in 2004, securing partnerships with the leading OEMs in the sector such as NEC, Nokia Siemens Networks, and NETGEAR. The company's real-time cognitive radio was central in solving the issue of interference seen by many as a potential stumbling block to widespread femtocell deployments.
Sparshatt brings expertise in guiding the growth and maturity of entrepreneurial technology companies having experience with Pixology, Anthropics Technology and NetBenefit.
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