WESTLAKE VILLAGE, Calif.--Nomadix Inc., a privately held leading supplier of mobility-enhancing networking products, announced today that they have completed their expansion round of financing, totaling approximately $16 million. Participants in this financing included Mellon Ventures, ITX International Equity and Keystone Venture Capital, Avtech Ventures, Intel Communication Fund and Smart Technology Ventures to complete the round.
Through patented technology, Nomadix delivers easy and secure high speed broadband wireless connections to thousands of travelers at some of the world's busiest public hotspots, hotels and enterprises. Recently, Nomadix launched two new product platforms targeted specifically at these markets, the HotSpot Gateway(TM) and Hospitality Service Gateway(TM). The company has recently been named one of Los Angles area's fastest growing technology companies in the Deloitte & Touche "Fast 50" program. "Nomadix product portfolio is a flexible and robust range of solutions that removes barriers typically associated with 802.11," said Jeffrey Anderson, managing director of Mellon Ventures Los Angeles office who, upon the closing of the financing, joined the Nomadix board of directors. Mr. Anderson continued, "Nomadix is a technology and market leader in this space, with significant OEM and channel partner traction and a revenue stream that is ramping aggressively." Patrick Parker, President and CEO of Nomadix, said, "We're very excited about this round of funding, as it is both a testimony to our company and the confidence of our investors. We are looking forward to the results that this investment in Nomadix will achieve. This is a focused time at Nomadix of development and growth. We are extremely pleased to have Mellon Ventures participate in this round of funding and are excited about the addition of Mr. Anderson to our board. Their expertise, support and financing will enable Nomadix to strengthen our leadership position in mobility-enhancing networking products, extending our global product branding and sales reach." About Nomadix Nomadix develops mobility technology, which enhances security while enabling mobility in wireless and wired data networks by delivering universal mobile connectivity, advanced security, and policy-based traffic shaping to the mobile worker. In Nomadix-enabled networks, users receive secure, high-speed data services at their offices, on the road, in their homes -- virtually anywhere they go. Headquartered in Westlake Village, California, Nomadix sells and supports its products globally through OEM partnerships, Value Added Resellers and Systems Integrators. For additional information, please visit About Mellon Ventures Mellon Ventures makes equity-related investments of between $3 million and $25 million. With offices in Atlanta, Los Angeles, New York, and Pittsburgh, Mellon Ventures, Inc. invests at all stages of a company's growth cycle, from early stage venture capital to later stage growth financings and buyouts. Mellon Ventures, since its inception in 1996, has invested and/or committed more than $1.3 billion in capital. Additional information is available at Mellon Financial Corporation is a global financial services company. Headquartered in Pittsburgh, Mellon is one of the world's leading providers of financial services for institutions, corporations and affluent individuals, providing institutional asset management, mutual funds, private wealth management, asset servicing, human resources services and treasury services. Mellon has approximately $2.8 trillion in assets under management, administration or custody, including $588 billion under management. Its asset management companies include The Dreyfus Corporation and U.K.-based Newton Investment Management Limited. News and other information about Mellon is available at
Contact
Stacee Lewis or Valerie Christopherson
Phone: 714/540-1030 ext. 23 or 14
Fax: 714/540-1060
Email: slewis@bockpr.com
Organization
Nomadix, Inc.
https://nomadix.com/home.html
2925 E Plano Parkway
USA
- Plano, TX 75074
Phone: 1 818 575 2500
Email: info@nomadix.com
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