Furthers WiMAX(TM) expansion in emerging and new markets
For Immediate Release
TELSIMA RECEIVES $50 MILLION FUNDING INFUSION
Furthers WiMAX(TM) expansion in emerging and new markets
Santa Clara, Calif. April 10, 2007 Telsima Corporation, a leading developer and provider of WiMAX based Broadband Wireless Access (BWA) and Mobility solutions, announces $50 million in new funding. It includes commitments from the initial investor syndicate: NewPath Ventures, New Enterprise Associates, CMEA Ventures, JAFCO Asia, and other strategic investors.
Telsima is rapidly growing its customer base with commercial deployments in emerging markets such as India, and Central and Eastern Europe (CEE). Based on innovative, high performing technologies, Telsima's solutions break price-performance barriers, particularly suitable for emerging and rapidly growing markets.
"With several multi-million dollar contracts from Tier 1 operators, Telsima has proven it understands the challenges and opportunities carriers face when deploying WiMAX networks," said Telsima CEO, Dr. Alok Sharma. "This capital infusion allows continued innovation and deployment of our systems on a global scale taking Telsima to the next level: a flagship telecom equipment company."
Telsima's StarMAX BWA product lines resemble end-to-end WiMAX solutions to operators and service providers. Telsima's award winning, patent-pending TRUFLE mobility architecture and T-STORM spectral resource management bridges Telsima into new markets. It enables operators to cost effectively deploy non-line-of-sight, fixed or portable broadband wireless multimedia services in dense urban, suburban and rural environments now, and 4G Mobile WiMAX(TM) next.
"Telsima is fortunate to have investors that share our vision," said Mahesh Karanth, CFO Telsima. "Their willingness to reinvest in the company demonstrates not only their commitment to that vision but to our ability to act on the implementation of that vision. We embrace their support for our mission to expand WiMAX worldwide."
Telsima's early investors, confident of the company's performance, have renewed their commitment by investing in this new round of funding. "As a leader in this high growth market, Telsima's growth potential and astute leadership made our decision to reinvest in the company quite easy," said Vinod Dham, co-founder and managing director of NewPath Ventures.
"Telsima is breaking new ground for WiMAX," added Mark Perry, General Partner, New Enterprise Associates. "The opportunity in India alone is enormous, with estimates of up to one third of all WiMAX users concentrated in this one country. NEA is happy to continue its support of the leadership and market authority Telsima is demonstrating."
About Telsima Corporation
Telsima Corporation is a leading developer and provider of WiMAX based Broadband Wireless Access (BWA) and mobility solutions for media rich applications. Telsima's technologies offer service providers economic advantages of disruptive cost structures, new business models and more capital efficient network investment profiles. The Company also has a product line of DCME voice compression solutions for emerging markets where bandwidth is scarce. The Company has been an active Principle Member of the WiMAX Forum(R) since 2004. Telsima's headquarters are in Santa Clara, California with corporate sales, marketing and support office in New Delhi (India) and design centers in Bangalore (India) and Ljubljana (Slovenia). For more information on Telsima Corporation, please visit us at www.telsima.com.
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Media Contacts
United States India
Mahesh Karanth Sangeeta Iyer
Telsima Corporation Telsima Corporation
Tel: +1 650 387 8514 Tel: 91-981-828-8376
Email: mahesh.karanth@telsima.com Email: sangeeta.iyer@telsima.com
Ann Revell-Pechar:
Revell-Pechar, Inc., PR/Marketing
Tel: +1 404-550-0802
Email: ann@revellpechar.com