Press Release
FOR IMMEDIATE RELEASE
Ubidyne Secures $34 Million (€22 Million Euros) in Series B Funding
ULM, GERMANY and TEMPE, ARIZONA, May 14, 2008 -- Ubidyne, the leader in digital radio technology for the wireless industry, today announced that it has secured $34 Million (22 Million Euros) in second round funding lead by Doughty Hanson Technology Ventures. This completes one of the largest venture capital investments in the European wireless equipment market segment in recent years. Previous investors Accel Partners and TVM Capital have participated in the funding, along with new investor BayTech Venture Capital.
Ubidyne has created the world’s first digital, antenna embedded radio system for wireless communications. Ubidyne’s patent-pending technology significantly improves the operating economics of wireless networks. It reduces energy consumption, enables simple, flexible deployment, and increases the coverage and capacity of mobile communications networks.
“Our oversubscribed Series B funding is a strong vote of confidence in our technology, execution, and growing market traction,” commented Ken Hawk, CEO of Ubidyne. “Our investors’ depth of experience and knowledge, together with their global network, will be invaluable in our efforts to become the global leader in antenna embedded radios.”
"Ubidyne’s all-digital technology brings disruptive change to a market that today relies on traditional analogue technology that is expensive and inefficient. Ken Hawk (CEO) and Dr. Clemens Rheinfelder (CTO and Co-Founder) have built a great team and have demonstrated their breakthrough technology to global operators and OEM’s. We look forward to helping Ubidyne capitalize on this tremendous opportunity," commented Stefan Tirtey, Partner at Doughty Hanson Technology Ventures and member of Ubidyne's Board of Directors.
“Ubidyne’s technology has the potential to dramatically improve uplink and downlink performance via placing better transmit/receive capabilities directly into the base station antennas via active antenna arrays. Ubidyne’s unique antenna embedded radio design, can improve a base station’s link budget (in one example, for a 900 Mhz UMTS base station application versus a Remote Radio Head, by 4 dB). The Ubidyne technology can have a major impact on global operator’s next generation networks,” said Brian Modoff, Mobile Research Analyst, Deutsche Bank.
“BayTech is excited to join and support Ubidyne. We consider Ubidyne’s technology a truly disruptive breakthrough in the global cellular infrastructure market,” stated Michael Hochholzer, Investment Partner at BayTech Venture Capital.
About Ubidyne:
Ubidyne is the global leader in digital antenna embedded radio technology for wireless communications. Ubidyne’s standards-agnostic micro-radio technology is integrated with wireless antennas and revolutionizes the economics of mobile communications. These integrated active antenna systems are compatible with current and next generation mobile standards. They eliminate the need for coaxial feeder cables, remote electrical tilt and additional amplifiers on antenna towers and masts. The Ubidyne technology significantly reduces energy consumption while improving radio performance, deployment flexibility, coverage and capacity of mobile communications networks globally. Visit www.ubidyne.com for more information.
About Accel Partners:
Accel was established in 1983 with offices in Palo Alto and London, as well as in China via the IDG-Accel partnership. Accel also has a partnership that started in 2000 with Kohlberg, Kravis, & Roberts (KKR) that created the Accel-KKR fund for technology management buyouts. With over $4 billion under management, Accel Partners is a venture capital firm dedicated to supporting entrepreneurs who possess the unique insight to define new categories and build world-class technology companies. These entrepreneurs have led fundamental industry transformations rather than follow predefined market trends. Accel deeply shares our entrepreneur's passion for fundamental uniqueness and their courage to be first. This emphasis on leadership has engendered category defining companies that have reshaped their industries and in many cases created entirely new sectors. Accel-backed companies have sparked many of the most significant revolutions in technology businesses, such as: Airgo, BitTorrent, Facebook, Foundry Networks, Macromedia, MetroPCS. PictureTel, RealNetworks, Redback,UUNet, Veritas Software, and many others.
About BayTech Venture Capital:
BayTech Venture Capital is a leading European Venture Capital firm with the ambition to help the best entrepreneurs build the most successful companies in their fields of expertise. BayTech invests at an early stage in technology and life sciences companies in Western Europe. BayTech's contribution to success in the growth phase of these companies is not limited to capital. The money provided goes along with the experience in company building, the industry expertise of its investment professionals, and access to the worldwide network and the respect for the contribution of the entrepreneurs.
About Doughty Hanson Technology Ventures:
Doughty Hanson Technology Ventures aims to help talented entrepreneurs in Europe to build world-class technology companies. Founded in 2000, Doughty Hanson Technology Ventures is an early-stage, venture capital fund with $272 million under management. Operating from London and Munich, the Fund is independently managed by a dedicated team of professionals with substantial personal experience in the technology and financial sectors. Having established a long track record of successful venture capital investments in Europe and the United States, the team relies on its experience, personal networks and the resources of Doughty Hanson & Co, one of Europe’s largest independent private equity firms, to help identify exciting investment opportunities.
About TVM Capital:
TVM Capital is a global venture firm with a 25 year operating track record having managed over $1.3Billion in capital. The TVM Capital Technology Team invests in promising businesses with a focus in information technology, internet, communications and clean technology. Having successfully invested in these emerging markets consistently has enabled the team to develop a deep understanding of rapidly evolving markets and to combine that knowledge with the right business expertise to help portfolio companies navigate the proper course. The TVM Capital Technology Team invests in all stages of the product life cycle from its earliest stages like material and design innovation through late stage opportunities brought about by business model and execution innovation.
Ubidyne Contacts:
Kent Heath
VP Marketing and Business Development
Ubidyne GmbH
Phone: +1 480-206-0881
kent.heath@ubidyne.com
Cara Mormino
RocketCreative
Phone: +1-602-885-3389
cara@rocketcreative.com
Doughty Hanson Technology Ventures Contact:
Richard Campbell Capital MSL
Phone: +44 (0) 20 7307 5330
Richard.Campbell@capitalmsl.com
