Wednesday, August 12, 2009

Ubiquisys Raises $11 Million from current shareholders

Ubiquisys, the leading developer of 3G femtocells, today announced it has secured $11m dollars 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. At the same time the company also announced that Alison Sparshatt will be joining 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.

The appointment of Alison Sparshatt brings proven expertise in guiding the growth and maturity of entrepreneurial technology companies. Her comprehensive experience with pioneering technology companies such as Pixology, Anthropics Technology and NetBenefit will be invaluable to Ubiquisys as it moves into a new growth phase.

The Ubiquisys ZoneGate is the only femtocell that constantly scans its radio environment and adapts its configuration in real-time according to operator policies. This eliminates interference problems with the macro network or between neighbouring femtocells. The result is a robust plug and play user experience, even in large scale dense deployments.

Ubiquisys has a proven track record of providing an encapsulated femtocell module that consumer electronics manufacturers can integrate for themselves. Products include NETGEAR's DVG834GH and SerComm's FC210U.

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