MobileAccess Closes $6 Million Funding

MobileAccess Networks, a leading provider of in-building wireless solutions, announced today that it closed $6M in Series D funding to fuel the company’s accelerating growth. This cash infusion will enable the company to rapidly expand its sales team and build on its market momentum by aggressively marketing the MobileAccess solution within the healthcare, financial services, and government industries.

The proceeds from the latest round of funding will be used to develop advanced new wireless capabilities that extend the value of the MobileAccess universal wireless platform within specific vertical industries such as healthcare and to deliver enhanced solutions for wireless service providers who require a single, cost-effective infrastructure that reliably handles multiple wireless frequencies. 

“Investor confidence has mirrored the market’s response to the MobileAccess value proposition as evidenced by our strong revenue growth, the certification of our solution by leading wireless service providers, and third party and media accolades,” said Cathy Zatloukal, President and CEO of MobileAccess.  “The latest round of funding helps us build upon these successes and accelerate the positioning of the MobileAccess universal wireless system as the solution of choice for carriers and enterprises alike.”

Participants in this latest round of funding include HarbourVest Partners, Pitango Venture Capital, Poalim Ventures, Eurofund, and CDB Web Tech.  To date, MobileAccess has secured over $40 million in venture capital. 
11/07/05
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