RISHON LEZION, Israel, September 1 RunCom-Investment
RISHON LEZION, Israel, September 1 /PRNewswire/ -- Runcom Technologies
Ltd., a leading technology company pioneering OFDMA based silicon solutions
for user terminals and base stations that comply with the IEEE802.16e-2005
standard for WiBro and Mobile WiMAX applications, announced today that it has
secured a US$10 million Series C investment by TLcom Capital LLP. This
investment is intended to be used by the company to sustain its leading
market share in the booming Broadband Wireless market.
In April 2008 Runcom Technologies received the WiMAX Forum Certified Seal
of Approval for its products following rigorous testing to ensure that each
product meets strict interoperability and conformance to standards. Runcom
was one of the first companies that achieved such certification.
This is only the second round of financing of Runcom. The previous
investment round currently hold by SMAC Partners from Germany and Concord
from Israel was executed in the year 2000. Runcom is already profitable and
in the year 2007 Runcom was placed third in the "Fast 500" list of the
fastest-growing firms in the technology, media and telecommunications (TMT)
industries in the EMEA region, with a growth rate of 27,950 percent.
"We are delighted to have TLcom as partners," said Dr. Zion Hadad,
Founder and CEO of Runcom: "this investment is an important milestone for
Runcom, and a significant vote of confidence in Runcom's achievements and
growing potential."
"This investment in Runcom is one of a number of growth stage investments
that TLcom Capital is completing from its second fund which was closed in
late 2007" said Maurizio Caio, Managing Partner of TLcom Capital LLP; "Runcom
is a core player in the rapidly expanding market for WiMAX and is now also
developing expertise and intellectual property in 4G technologies such as
802.16m and LTE which have a significant OFDMA component."
About Runcom
Runcom is a technology company pioneering OFDMA technology and offering
silicon products and solutions for User Terminals and Base Stations that
comply with the IEEE802.16e-2005 standard for WiBro and Mobile WiMAX
applications; Runcom Products include the PHY and MAC communication layers.
Runcom's RNA200 ASIC was the first and most popular Mobile WiMAX compliant
ASIC in the market for user terminals with more than 250,000 ASIC sold. The
RNU2000 Base Station System on Board was first in the market as well with
more than 1000 Base Station fielded.
About TLcom Capital
TLcom Capital LLP is a London-based venture capital firm investing since
1999 in Telecom, Media and Technology (TMT) companies across Europe and
Israel, with a growing focus and expertise in Southern and "Emerging" Europe
TLcom primarily targets high growth revenue stage companies in the following
industry segments: mobile; internet protocol (IP) technologies and services;
broadband based network architecture and service platforms; semiconductors
and materials; web based applications, services and technologies; digital
media and technologies targeting the digital home environment. For more
information, please visit http://www.tlcom.co.uk, or email info@tlcom.co.uk
Runcom Technologies is a privately held company headquartered in Israel.
For more information, please visit http://www.runcom.com.
Should you require further information, please contact Mr. Moshe
Levinson, Executive Vice President and VP Finance at +972-3-9428880.
SOURCE RunCom Technologies Ltd
