Wireless Roaming and Security Innovator Nomadix Attracts Additional $9 Million
WESTLAKE VILLAGE, Calif.--(BUSINESS WIRE)--March 11, 2002-- Nomadix, a leader in mobility solutions for wireless networks, announced today it has closed a $9 million round of financing from both existing and new investors.
Current investors who participated with follow-on investments were Avtech Ventures, the Intel Communications Fund and Smart Technology Ventures. The company is pleased to announce the addition of Keystone Venture Capital to this round of funding.
"I believe that Nomadix has great potential to become the standard for mobility in the wireless industry," said Gary Shields, a partner at Avtech Ventures. "Our research showed that Nomadix' worldwide installed base makes it a leader in secure roaming solutions. Nomadix is unique because they can deliver this solution in an access gateway appliance and as software licensed into other vendors' infrastructure."
This new capital will be used to help develop, sell and market the company's innovative Network Service Engine software and Universal Subscriber Gateway. These products allow network operators to deliver a seamless, secure Internet connection to mobile users who roam from office to public hotspot to home.
"The trends driving mobility are compelling. Through our partnerships with leading vendors that are licensing our technology, we are seeing strong growth in the Wi-Fi (802.11) wireless local area network market," said Nomadix CEO, Patrick Parker. "This infusion of capital will help Nomadix deliver state-of-the-art secure roaming solutions into these markets."
Nomadix provides software solutions that enable edge infrastructure to deliver seamless, secure Internet access to the mobile user. Nomadix' Network Service Engine software allows the network manager to automatically configure every user for network connectivity, securely authenticate those users for access privileges, and then monitor and enforce policy for their network usage. Nomadix' Universal Subscriber Gateway hardware product delivers these benefits in a turnkey bundle to enterprises and service providers.
In Nomadix-enabled networks, users receive secure, high-speed data services at their offices, on the road, in their homes -- virtually anywhere they go. For additional information, please visit www.nomadix.com or call 800/666-2349.
CONTACT: Nomadix Lisa Rodriguez, 925/253-7990