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ip.access announces successful further funding round

12th February 2007

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Focus on global growth and product development for 2007

12 February 2007 – ip.access, the market leader in cellular picocell technologies today announced a further funding round from Amadeus Capital Partners as well as their existing investors to fuel growth. Amadeus Capital Partners will work alongside ip.access’ management and the current VC team of Scottish Equity Partners, Rothschild & Cie Gestion, Intel Capital Corporation and Motorola Ventures to help the company grow its annual turnover from today’s $25m annual run-rate to the target of $100m+.

Capital raised through this funding round will be used to accelerate the development of ip.access’ market-leading Oyster 3G consumer femtocell product.  The investment  is confirmation of the high level of confidence in the market potential for the Oyster 3G product.  ip.access believes that 2007 will be a key year in the development of consumer femtocells and discussions are underway with operators around the world regarding integration of ip.access’ Oyster 3G into existing networks.

 “We are pleased to be able to announce that Amadeus will be joining the ip.access board.  They have an excellent track record of backing leading technology companies and their experience will be a great addition to our business and our top-tier advisory team.” said Stephen Mallinson, CEO of ip.access.

“We believe that the strength of the ip.access’ investment team is testament to the importance of the picocell and femtocell markets.  From ip.access’ perspective, this funding round has built a firm foundation for the growth that we anticipate over the next 24 months."

Operator lab-trials of the Oyster 3G are currently being planned and the company is preparing for network operators to commence user trials in the middle of this year. Volume deployments of the product are expected to follow in early 2008.  In addition, the company has recently concluded a major manufacturing deal with Taiwanese company USI and has forged relationships with distributors covering markets as diverse as Venezuela and the CIS.  The industry is also recognising ip.access’ pre-eminence in the picocell sector with the company’s Oyster 3G product shortlisted in the GSM Association’s best radio access product category for the 2007 3GSM World Congress in Barcelona.
While the Oyster 3G represents a huge opportunity for the company, ip.access continues to invest in its already successful 2G and 2.5G nanoGSM business.  The company intends to grow its market-leading presence in this sector by making picocell deployments even easier and more cost effective for operators through enabling simpler integration, management & support.

Andrea Traversone of Amadeus Capital Partners said: "We are excited about working together with ip.access. We recognise that every one of the world’s 3G operators that is serious about delivering high-speed data to customers will need to deploy a residential femto layer.  ip.access was able to demonstrate to us that they have a solution that can be deployed in todays networks whilst also having a roadmap to IMS.  ip.access already has a track record as a pioneer in bringing IP and cellular technologies together to deliver in-building cellular coverage with IP backhaul and it is in the unique position of having a thriving 2G/EDGE picocell business while also being at the forefront of the femtocell revolution.  Finally, we are also very pleased to be co-investing with such a strong existing investment team including Scottish Equity Partners, Rothschild, Intel, and Motorola Ventures.  Together we look forward to contributing to ip.access’ further success.”

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29th November 2007
ip.access femtocell scores victory at World Communication Awards

17th October 2007
ip.access celebrates success at Leading Lights awards

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6th July 2007
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2nd July 2007
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20th June 2007
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18th June 2007
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29th March 2007
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29th March 2007
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14th February 2007
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13th February 2007
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12th February 2007
ip.access and Thomson Collaborate to Deliver Integrated 3G Femtocell Gateway Platform

12th February 2007
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6th February 2007
ip.access establishes a key partnership with Alcatel-Lucent GSM Product Line

17th January 2007
ip.access shortlisted for Global Mobile Award alongside Nokia and Cisco


20th December 2006
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7th December 2006
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11th October 2006
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25th September 2006
ip.access selects picoChip technology for 3G femtocell development

5th September 2006
ip.access launches femto3G™ to revolutionise 3G services in the home

14th June 2006
ip.access and HECL to cover India with nanoBTS picocells

13th June 2006
TeleWare plc selects ip.access as picocell supplier for Private Mobile Networks

13th June 2006
ip.access strengthens Asia-Pacific presence with strategic appointment

12th June 2006
ip.access and iDirect collaborate to offer remote GSM picocell solution with satellite backhaul

9th May 2006
ip.access named in prestigious 2006 Red Herring 100 Europe list

3rd May 2006
Picocell market set for growth as Ofcom creates new low power GSM operators in the UK

13th March 2006
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6th February 2006
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23rd January 2006
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About ip.access

ip.access develops 2G, 3G, 4G and 5G carrier grade small cell radio solutions.

The company has two primary lines of business; commercial communications networks deployed with service providers, and private networks deployed with system integrators for critical infrastructures, security and surveillance.

Headquartered in the United Kingdom, ip.access has deployed more than two million 2G, 3G and 4G small cells, across hundreds of commercial and private networks worldwide.

Media contacts

Samantha Browning / Rachel Nulty
+44 (0)20 8408 8000

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