Tuesday, July 1, 2008

Agito Networks, Inc is delivering new technology in enterprise mobility, has closed its Series B round of financing

What Company Is Offering:
Agito Networks is the award-winning technology leader in enterprise mobility. Its product, the RoamAnywhere Mobility Router, is an innovative enterprise fixed mobile convergence (eFMC) platform enabling enterprises to extend voice and Unified Communications to cell phones. RoamAnywhere is the first and only network appliance that fuses enterprise wireless LANs, carrier cellular networks, IP telephony and location technology to mobilize voice and data applications, while remaining agnostic to customers' choices of carrier and equipment vendors.

Agito Networks enables low-cost in-building voice coverage, reduced cellular costs, improved enterprise visibility and control over cellular usage, and better accessibility and responsiveness for mobile workers. VON Magazine named Agito Networks a Top Innovator Award winner, while RoamAnywhere has received numerous industry awards, including earning a CTIA Emerging Technology Award and receiving Product of the Year honors from Unified Communications and Internet Telephony magazines.

How Much They Got From VCs:
Agito Networks, Inc., the award-winning company delivering new technology in enterprise mobility, has closed its Series B round of financing, raising approximately $13 million. Castile Ventures led the investment round, with ITX International Holdings Inc. 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, Mr. Leonard helped grow its wireless and Ethernet product lines to the number one industry ranking in their respective markets.

More at:http://www.agitonetworks.com/

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