Cisco becomes strategic investor in Wilocity

The Israeli wireless chipset developer and Cisco will collaborate to develop a Wi-Fi standard for enterprise networking.

60 GHz multi-gigabit wireless chipset developer Wilocity Ltd. and Cisco Systems Inc. (Nasdaq: CSCO) will collaborate to develop a new Wi-Fi standard for enterprise networking. Sources inform ''Globes'' that Cisco made a strategic investment in Wilocity, its first investment in the company, as part of its $35 million financing round in mid-October.

Wilocity was founded in 2007 by CEO Tal Tamir, COO Danny Rettig, VP communications architecture Gal Basson, and VP products and sales Jorge Myszne. The company has developed a 60 Ghz wireless chipset for mobile computing, consumer electronics, and peripherals. The technology is designed for short-range wireless communications for the home and office, at speeds of 1-5 Gbps, more than ten times faster than the latest wireless protocol, n11, for WiFi. In theory, it could be possible to transmit a 2-gigabyte HD movie within seconds between computers.

Before the collaboration with Cisco, Wilocity had one major strategic partner Dell Inc. (Nasdaq: DELL), which embeds Wilocity chipsets in its laptops. Cisco will use Wilocity's tri-band chipsets in communications and computer equipment that Cisco sells to enterprises and service providers.

Tamir said, "Our tri-band Wi-Fi technology will augment existing wired and wireless infrastructures and enhance multi-user collaboration."

"Tri-band Wi-Fi from Wilocity provides much needed network capacity and speed in the enterprise as it supports data rates far faster than other current wireless standards, opening the way to new use cases and applications,” said Cisco Enterprise Networking Group CTO Bob Friday.

Published by Globes [online], Israel business news - - on November 11, 2013

© Copyright of Globes Publisher Itonut (1983) Ltd. 2013

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