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April 18, 2006
VC-backed Orthogon To Go To Motorola
Motorola said today it is acquiring Orthogon Systems, a British venture-backed wireless equipment provider for an undisclosed amount.
Orthogon, which has been shipping product since May 2003, makes point-to-point broadband wireless systems, also known as 5.8 Ghz Ethernet bridges. The equipment wirelessly connects networks between buildings, as well as connecting other types of network nodes, such as cellular phone base stations to fixed networks.
The firm raised its last round of VC in late 2004, with Motorola's venture arm leading an $8M round, along with early investors Atlas Venture and Carlyle European Partners. Part of the financing was venture debt provided by Lighthouse. At that point in time, the firm was not yet profitable. Prior to that the firm, which was founded in 2000, raised about $28M.
Posted on April 18, 2006 03:56 PM | Posted to News And Updates | Venture Capital | Wireless | Permalink
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