| For Immediate Release |
Contact: Jeremy Milner
401-862-9422
jeremy@jeremymilner.com
Courtney Chandler
617-375-4217
courtney@revolutionpartners.com |
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$12.5 Million in Financing Funds TelASIC's Continued Development
EL SEGUNDO, CA (September 7, 2007) -- Revolution Partners today announced that TelASIC Communications, Inc., provider of WCDMA/HSDPA radio systems, has closed a $12.5 million round of financing in its latest round. New investor ATA Ventures led the financing. Hatch Graham of ATA Ventures will join TelASIC's board of directors. Existing investors Mission Ventures, Redpoint Ventures and The IPO Group also participated in the financing. Revolution Partners acted as exclusive financial advisor to TelASIC.
TelASIC Communications designs and markets remote radio heads ("RRH" or "RRH units") as a coverage solution for 3G mobile networks. The Company's RRH units offer features to operators who need to extend coverage and reduce initial outlay and maintenance costs of new and upgraded 3G mobile communications networks. Operators recognize that the RRH model allows them to offer their customers new and innovative data services made possible by 3G, while at the same time reducing the capital and operational expenditures associated with building out these networks |
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"This financing will allow us to continue development of our unique remote radio head products. We will begin mass production of our RRH units, satisfying the high demand across the globe as cellular operators continue to build out their 3G networks in the next few years," said PK Dubey, President & CEO of TelASIC Communications.
About TelASIC Communications, Inc.
TelASIC Communications is a provider of W-CDMA/HSDPA, CDMA2000/EV-DO/EV-DV, WiMAX and WiBRO Radio subsystems. The company's core products are based on its world-leading expertise in high performance analog-to-digital and digital-to-analog converters, signal processing and RF systems engineering. TelASIC products are designed to enable system-level equipment customers to significantly improve performance, decrease power and reduce costs. TelASIC is backed by leading venture capital firms Comventures, Redpoint Ventures and Mission Ventures, who collectively manage over $2 billion of capital, as well as strategic partners IBM, Agilent Technologies and Raytheon Corporation. For more information on TelASIC Communications and its products, visit the company's website at www.telasic.com.
Revolution Partners is one of the nation's largest investment banks focused exclusively on Mergers & Acquisitions and Private Capital Fundraising Advisory Services for technology companies. All of our clients benefit from senior-level attention from partners with deep sector expertise.
Revolution Partners was founded in 2001 by former senior technology bankers from major Wall Street investment banks. With offices in Boston, San Francisco and Los Angeles, Revolution applies partner-level experience to the successful execution of advisory and financing transactions for emerging technology companies in industry sectors including software, Internet business services, telecommunications, wireless, clean tech, digital media, storage and semiconductors. For more information, visit www.revolutionpartners.com.
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