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Accuris Networks Receives $15M Investment and Appoints New CEO [Health & Beauty Close - Up]
[September 30, 2014]

Accuris Networks Receives $15M Investment and Appoints New CEO [Health & Beauty Close - Up]


(Health & Beauty Close - Up Via Acquire Media NewsEdge) As demand for mobile data continues to accelerate worldwide, the telecom industry is increasingly trying to meet the challenge of connecting disparate networks.

At the center of this movement, Accuris Networks reported that it has completed a $15 million equity funding round. Key new investors in this privately held company are the Ulster Bank Diageo Venture Fund and the China Ireland Growth Technology Fund. In addition, Accuris Networks reported the appointment of seasoned U.S.-based wireless executive Jeff Brown as CEO.



According to Accuris Networks Chairman Larry Quinn, "Our established industry customer base, our significant pipeline and our industry-leading technology were all factors that attracted this investment. We intend to use this funding to invest in future product development in our AccuROAM platform, to maintain our lead in connecting networks and build more solutions such as carrier- grade Wi-Fi offload and roaming as we scale our business globally. While we already have customers worldwide and support from existing investors such as Atlantic Bridge Capital, we particularly want to expand in China, Japan and other Asian markets. We also intend to consolidate and amplify our successes in EMEA, particularly in the Middle East and Western Europe." "The AccuROAM platform has received wide recognition, including being named the 'best mobile technology breakthrough' at Mobile World Congress," he said. "With so many experts - and customers - using this proven technology, we see major revenue potential in a future where Wi-Fi will only increase its penetration." More information and complete details: www.accuris-networks.com www.investec.ie www.summitbridgecapital.com www.abven.com ((Comments on this story may be sent to [email protected])) (c) 2014 ProQuest Information and Learning Company; All Rights Reserved.

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