Dublin-based Accuris Networks, a leading provider of convergence, roaming and interworking solutions, announced today that it has received USD15 million in funding from investors Ulster Bank Diageo Venture Fund L.P and China Ireland Technology Growth Capital Fund. The company also announced the appointment of seasoned US-based wireless executive Jeff Brown as the new CEO.
Aidan Dillon, CTO of Accuris Networks told PCC Mobile Broadband in a recent briefing that the funding will go towards building their new customer base, future proofing their new range of products and solutions and developing new ideas and offerings in the marketplace. The USD15 million funding comes at a time where Wi-Fi solutions are becoming increasingly important as part of mobile operators HetNet strategy. Aidan said that demand for data has grown tremendously, spurred by consumption of rich media content such as videos, that even with full 4G LTE coverage, mobile operators are looking out to alternatives to offload traffic and to save bandwidth on their mobile networks to ensure high quality of service and increased end-user satisfaction. The new funding will accelerate Accuris Networks' initiatives and product portfolio in this segment, enabling the company to help mobile operators integrate Wi-Fi into their existing network infrastructure to create seamless network experience.
Ulster Bank Diageo's Managing Partner, Michael Murphy in his statement highlighted the success of Accuris Networks' AccuRoam platform while David Lam, Managing Director of China Ireland Technology Growth Capital Fund foresees Accuris expanding its market presence to cover more operators in near future.