AirMagnet Receives Funding From Intel Communications Fund
Posted on: Monday, 24 January 2005, 09:00 CST
AirMagnet, the leader in wireless LAN (WLAN) security and performance solutions, today announced that it is receiving an investment from Intel Communications Fund. This investment will be used to help expand the company's solutions to manage wireless in the mobile enterprise. As one of its first projects, AirMagnet will implement its Enterprise SmartSensor software on Intel(R) based Access Point (AP) reference platforms, starting with the Intel(R) IXP425 network processor, to provide Wireless Intrusion Detection System (WIDS) solutions for Intel partners and channels.
"As Wi-Fi becomes more widespread, security has grown to be an issue of utmost importance," said Sriram Viswanathan, managing director of Intel Capital's Mobile Communications Sector. "Our investment in AirMagnet reflects our desire to support the development of wireless security technologies that will alleviate security concerns and prevent them from impeding the growth of Wi-Fi."
"AirMagnet has achieved several key milestones recently, from signing on more than 3,000 unique customers to posting our ninth consecutive quarter of growth and profitability," said Dean Au, chief executive officer of AirMagnet. "This new investment will help us expand our product offerings and help fuel our continued, steady growth. We look forward to working with Intel."
About AirMagnet
Founded in 2001, AirMagnet, Inc. provides the most trusted WLAN management and security software systems in handheld, laptop and Enterprise configurations. Used by IT professionals at more than 3,000 companies worldwide in manufacturing, financial, retail, service, health care, utility, transportation, education and government sectors, AirMagnet solves Wi-Fi connection problems, tracks down unauthorized access, simplifies site surveys, and locks in unprecedented levels of network performance, security and reliability. Additional information about AirMagnet and its products is available on the Web at www.AirMagnet.com.
About Intel Communications Fund
The $500 million Intel Communications Fund, managed by Intel Capital, was established in September 1999 and focuses on accelerating Intel voice and data communications and wireless networking initiatives. The fund targets companies developing basic communications and semiconductor components and boards, real-time operating systems, software tools and utilities, system level hardware and software, and wireless network services and channels. The Intel Communications Fund has made investments in 17 countries on five continents. For more information about the fund, visit www.intel.com/capital/portfolio/funds/icf.htm.
(C)2005 AirMagnet, Inc. All rights reserved. AirMagnet and AirWISE are registered trademarks, and the AirMagnet logo is a trademark, of AirMagnet, Inc. All other product names mentioned herein may be trademarks of their respective companies.
Source: Business Wire
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