Kineto Wireless Receives Funding for FMC Solutions
Milpitas, Calif. ,
October 7, 2008
Kineto Wireless, Inc. , the key innovator and leading supplier of FMC solutions for mobile operators, announced today that it has raised an additional $15.5 million in funding, including a strategic investment from Motorola as part of a broader commercial relationship with the company's Home & Networks Mobility business. Kineto's existing investors Oak Investment Partners, Sutter Hill Ventures, Venrock, Seapoint Ventures and InterDigital also participated in the funding.
Kineto's industry-leading FMC solutions enable mobile operators to extend voice, data and IMS services over broadband access networks, thus harnessing the power of the Internet to lower service delivery costs while improving mobile coverage and performance. Kineto's FMC solutions are currently enabling mobile operators around the world to deliver a number of new revenue-generating FMC services, including dual-mode handsets, femtocells, terminal adaptors and softmobile clients.
"Continued strong growth in UMA-based dual-mode handset and terminal adaptor deployments combined with tremendous operator interest in femtocells, is highlighting the FMC imperative for mobile operators globally," said Rick Gilbert, president and CEO of Kineto Wireless. "We are delighted to have the support of a leader in the mobile industry such as Motorola as we continue to capitalize on our leadership position in the FMC market. "
Motorola's Alan Lefkof, corporate vice president and general manager, Broadband Solutions Group, added, "Motorola has been a key contributor along with Kineto and other industry players in developing the technology standard for femtocells, and we look forward to building on the work we have begun with Kineto in order to implement this technology and enable operators to economically deploy femtocell solutions. "
About Kineto Wireless
Kineto Wireless is the key innovator and leading supplier of FMC (fixed-mobile convergence) solutions for mobile operators. Kineto supplies software solutions to major mobile infrastructure and device vendors that enable the development of products compliant with the 3GPP UMA/GAN and upcoming HNB standards, including UMA network controllers, femto gateways, dual-mode handsets, femtocells, terminal adaptors and softmobiles. Kineto customers and partners include NEC, Motorola, Samsung, LG Electronics, HTC, Qisda, Qualcomm, Texas Instruments, Infineon, ST-NXP, Linksys, Ubiquisys and Netgear. For more information about Kineto, please visit www.kineto.com. For more information about FMC service deployments, products and standards, please visit www.UMAToday.com.
| Media Enquiries for Kineto: Steve Shaw Kineto Wireless +1 408 965 0209 sshaw@kineto.com Stephanie Look Engage PR for Kineto Wireless +1 (510) 748-8200 x225 slook@engagepr.com |
Richard White AxiCom PR for Kineto Wireless +44 20 8392 4050 richard.white@axicom.com |
