Sunday, January 16, 2005

Bluesocket Raises $10 Million for WLAN Systems

Bluesocket, a start-up based in Burlington, Mass., closed $10 million in Series B equity financing. Bluesocket supplies systems to secure and manage wireless local area networks (WLANs) for enterprises, institutions and public access venues. The company recently was awarded a GSA Federal Supply Schedule contract in addition to achieving FIPS 140-2 Level 2 certification from the US Government's National Institute of Standards and Technology (NIST) and the Canadian Government's Communications Security Establishment (CSE). Bluesocket also recently announced its WG-400 Wireless Gateway, an enterprise-class solution delivering remote administration and management, interoperability and security for wireless LANs operating in remote branch offices.

The internal round had participation from current investors including Vesbridge Partners (formerly St. Paul Venture Capital), Menlo Ventures, Boulder Ventures, Ascent Venture Partners, Ridgewood Capital, and Ironside Ventures. The additional financing brings Bluesocket's total funding to date to $42 million.

Bluesocket also announced it has appointed Peter Smith as Chairman of the Board, in addition to the appointment of Gary Eichhorn to the Board.


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