Azimuth Systems Closes $7.5 Million in New Funding
Azimuth Systems, Inc., the leading provider of Wi-Fi engineering test equipment, recently announced that it has received $7.5 Million in new venture capital funding from its current investors and that Jim Iuliano will join the company as chief executive officer. The new funding and management change position the company for expansion into the WiMAX and cellular markets.
More than 100 wireless semiconductor, system vendors and service providers ─ including Atheros, Broadcom, Cisco, Marvell, Motorola and T-Mobile ─ rely on Azimuth�s proprietary test solutions to speed time-to-market and improve product quality. According to market research firm ABI Research, Azimuth customers account for more than 95% of the Wi-Fi products that ship worldwide.
�Azimuth has developed key intellectual property, pioneered the Wi-Fi test equipment market and established itself as the leader in its space,� said founding CEO Ray Cronin. �Jim Iuliano�s successful experience scaling systems businesses will enable Azimuth to accelerate its growth. We worked hard to find the right person to take us to the next level, and I look forward to working closely with Jim over the coming months to transition leadership of Azimuth during our significant growth phase.�
Iuliano was instrumental in orchestrating the measurement system company�s highly successful Initial Public Offering. Most recently, Iuliano was an entrepreneur in residence at North Bridge Venture Partners.
�Azimuth is extremely well positioned in the Wi-Fi industry and for expansion into the WiMAX and cellular markets,� said Iuliano. �Ray has done a great job leading the company from concept to market leader and I�m excited to build upon the many successes the team has achieved.�
Azimuth�s product portfolio addresses the broad testing needs within all of the major Wi-Fi market segments. The original W-Series is the industry�s most successful test platform for performance and certification testing, and Azimuth�s ACE� is the industry�s leading MIMO channel emulator. The company�s ADEPT� platform was recently adopted by the Wi-Fi Alliance� as standard equipment for certification testing of Wi-Fi devices such as phones, games and printers.
�Azimuth is clearly positioned as the premier provider of test solutions for Wi-Fi devices and networks supporting data, voice and video applications,� said Jesse Cavazos, industry manager, Communications Test & Measurement at Frost & Sullivan. �Their solid technology and business foundation provides them with significant growth prospects in new wireless markets.�
Azimuth Systems is a leading provider of wireless data communications test solutions. Azimuth�s products are used by the world�s foremost wireless semiconductor, system vendors and service providers to speed time-to-market and improve wireless product quality. Azimuth�s standardized test solutions enable research, development, QA and marketing engineers to test the performance, conformance and certification of wireless devices and networks supporting data, voice and video applications. The company is based in Acton, Massachusetts and is backed by prestigious investors including Kodiak Venture Partners and North Bridge Venture Partners.
For more information, please visit: www.azimuthsystems.com