Wednesday, August 30, 2006

Arcadian Raises $20 Million for IP-based Wireless Monitoring Network

Arcadian Networks, a privately held wireless carrier based in New York, raised an additional $20 million of financing from Clal Industries and Investments Ltd. (CII), Goldman Sachs and Gilo Ventures.

Arcadian Networks commenced operations in April 2006 and has introduced IP-based, private network and turn-key carrier services for real-time monitoring and control of mission-critical applications such as Supervisory Control and Data Acquisition (SCADA), security surveillance, VoIP, automatic meter reading (AMR), and workforce management. Industries that will use this network include electric and water utilities, as well as oil and gas, public safety, mining,
transportation and environmental companies.

Arcadian Networks operates a unique 700 MHz-based network.

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