Mobixell Networks Inc., announced today that it has raised $5 million from major global investors. The round was led by Apax Partners’ funds and by Siemens Mobile Acceleration (SMAC), a wholly owned subsidiary of Siemens Mobile. The round also included existing investors, Comverse Technology Inc. (NASDAQ:CMVT) and Optibase Ltd. (NASDAQ:OBAS).
Mobixell Networks provides multimedia processing and delivery solutions for mobile systems. The company said that its products are deployed in over a dozen commercial installations in Europe, Asia Pacific, the Middle East and Africa.
“Securing funding from these leading partners is a major vote of confidence in the company’s business, products, technology and its management”, ” said Amir Aharoni, president and CEO of Mobixell.
Sachi Gerlitz, Apax Partners Director, said, "Mobile multimedia services are a global trend and an important focus for Apax Partners. We are extremely impressed with Mobixell’s technological leadership, with the company’s growth, and with their global partners. Mobixell Networks is well positioned to ride the strong trends of rich media ".
"Mobixell Networks has potential to become the leading product for adapting and delivering mobile multimedia content in cellular networks, since it is the most attractive solution in this segment", added Dr. Dietrich Ulmer, CEO and president of Siemens Mobile Acceleration.
Mobixell has offices in Ra'anana, Israel and in New York. The company was founded in 2000, and raised $6 million in first round of financing from Apax Partners, Optibase and Comverse Technology.
Published by Globes [online] - www.globes.co.il - on September 1, 2003