APERTO NETWORKS RAISES $19 MILLION IN FOLLOW-ON SERIES E FINANCING
Funds to Be Used to Accelerate Momentum for WiMAX Products
MILPITAS, Calif., (January 31, 2007) – Aperto Networks, builder of the world’s most advanced WiMAX base stations and subscriber units, announced today that it had completed a follow-on Series E financing round of $19 million, bringing the company’s total capitalization to $139 million.
The financing round, the third tranche in the series, was led by GunnAllen Venture Partners and included participation from all of the existing investors including JK&B Capital, Canaan Partners, Alliance Ventures, Innovacom, JAFCO, Labrador Ventures, and Tyco.
“We are grateful for the confidence that Aperto’s investors continue to have in Aperto Networks,” said Mike Pratt, president and CEO of Aperto Networks. “We intend to use these funds to enhance and expand our WiMAX products and to accelerate their deployment on a global basis.”
About Aperto Networks
Aperto Networks helps leading service providers deliver affordable wireless voice and broadband profitably by building the world’s most advanced WiMAX base stations and subscriber units. Aperto fundamentally changes the economics of delivering voice and broadband services through IP-rich, point-to-point and point-to-multipoint networks, allowing carriers to offer a wider variety of services to more customers using less equipment. Its carrier-class WiMAX technology offers industry-leading subscriber density, quality of service, ease of use and reliability. Aperto is a founding board member of the WiMAX Forum as well as a founder and leading contributor to IEEE 802.16a/d/e and the ETSI-BRAN standards. Serving more than 200 customers in 65 countries, Aperto Networks is based in Milpitas, California. Visit: www.apertonet.com.
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