Agito Networks Raises Second Round of Funding
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Sunnyvale: Agito Networks, the award-winning company delivering new technology in enterprise mobility, has announced that it has closed its Series B round of financing, raising approximately $13 million. Castile Ventures led the investment round, with ITX International Holdings also participating, and original investor Battery Ventures increasing its investment as well. The Series B round will help fund Agito Networks’ enterprise fixed mobile convergence (eFMC) market expansion and product development. The company also announced today that it has named David Leonard, former vice president and general manager of the Cisco Wireless Networking Business Unit and Desktop Switching Business Unit as the Executive Chairman of Agito’s Board of Directors. While at Cisco, Leonard helped grow its wireless and Ethernet product lines to the number one industry ranking in their respective markets. Agito Networks' award-winning RoamAnywhere Mobility Router is the industry's first business mobile convergence platform that uses RF-based, location-aware technologies to reliably mobilize voice over 802.11 wireless LANs (VoWLAN) and data applications, while remaining agnostic to enterprise customers' choices of mobile carriers. It supports all leading IP-PBX and WLAN equipment vendors to uniquely fuse 802.11 wireless LANs, enterprise IP telephony, and the carrier cellular network, improving mobile worker accessibility and responsiveness to increase mobile worker productivity. Agito's innovative, patent-pending location-aware technology allows enterprises to mobilize voice by taking full advantage of their 802.11 WLAN deployments as a low-cost alternative to cellular networks for in-building enterprise mobility. Agito Networks also announced that Carl Stjernfeldt, general partner at Castile Ventures, has been named to its Board of Directors. Along with Leonard, Stjernfeldt joins existing board members including Ken Lawler, general partner at Battery Ventures; Jason Matlof, partner at Battery Ventures; Timothy Olson, Agito Networks CTO and co-founder; and Pejman Roshan, VP of Marketing and co-founder.
Source: IANS
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