Monday, August 1, 2005

Motorola Invests in Trapeze Networks

Motorola Ventures has made an equity investment in Trapeze Networks, , a supplier of a WLAN mobility systems. Financial terms were not disclosed.

Trapeze Networks, founded in 2002, designs and delivers a WLAN mobility solution that allows users to roam securely anywhere in a network and over any topology, including corporate headquarters, branch offices, campuses or multi-tenant/multi-use facilities. The company's system makes an existing enterprise network, with all of its structure and services, available wirelessly, driving the integration of wired and wireless networks. Trapeze also leads the Open Access Point Initiative (OAPI), which allows customers to get more value out of their installed base of third-party access points. This is supported by Trapeze's advanced WLAN configuration and management technology.

  • In April 2005, Trapeze Networks raised $17.5 million in third-round Series C funding, bringing the total investment in the company to $67.5 million. The new funding was led by $4 million from Duff Ackerman & Goodrich. Trapeze received additional Series C funding from a recently announced alliance with Nortel and its original team of first- and second-round investors, including venture capitalists Accel Partners, Redpoint Ventures, Oak Investment Partners and Castile Ventures, investment bankers and financial services firms Trautman Wasserman & Co. and C.E. Unterberg Towbin.

See also