Red-M(TM), a pioneer in advanced wireless networking solutions, announces today that it has received an investment from Intel Capital. Financial details were not disclosed.
Red-M develops and markets hardware and software product solutions that enable mobile data, voice and video communications inside buildings and public concourses to a range of devices including computers, personal digital assistants (PDAs), phones, and handheld computers. At the core of Red-M's products is its Genos(TM) software platform that enables a secure and fully manageable commercial wireless network infrastructure to be deployed. The company is an acknowledged leader in the Bluetooth networking market.
The investment will enable Red-M to accelerate the integration of Bluetooth and 802.11 wireless networks into its Genos software. Intel and Red-M will collaborate to advance the ease of use of Bluetooth and 802.11 wireless usage for notebook and PDA platforms built with Intel technology.
Michael Wilson, CEO of Red-M comments, "We are very excited and pleased that Intel Capital has come on board as an investor, as this will allow us to continue our strategy of evolving Genos into a multi-site, multi-technology networking platform."
About Red-M
Red-M(TM) is a pioneer in advanced wireless networking solutions. Founded at the end of 1999, Red-M has consistently innovated in wireless hardware and software solutions that combine multiple local wireless technologies in a single networking platform. As the recognized leader in Bluetooth networking, Red-M has built a strong customer base where mobility and access to information is critical to the performance of the customer's business. Red-M's products include the 3000-series access servers, 1000-series access points, and Blade personal digital assistant (PDA) expansion modules. Red-M's unique Genos(TM) architecture and wirelessware technology provides a secure and fully managed environment for the delivery of voice, video and data services across a multitude of wireless technologies to a broad range of mobile devices including laptops, PDAs, phones and handheld computers. Red-M supplies products through a global network of systems integrations, value-added resellers, distributors, OEMs and network operators.
Red-M is backed by two of the world's leading venture capital firms, Apax Partners and Amadeus Capital Partners, as well as Intel Capital and Madge Networks (NASDAQ:MADGF). In April 2001, Red-M closed $35m in second round funding. Red-M has strategic relationships with a number of key industry players including Motorola, Computer Associates, Toshiba and Intel. Underpinning its pioneering strategy, Red-M has won numerous product and business awards including the first ever award for innovation at the annual Bluetooth Congress, June 2000; PC Magazine's Technical Innovation Award; Tornado Insider Top-100 award; a CIO magazine Top-100 award. Red-M is an Associated Member of the Bluetooth Special Interest Group (SIG) and is an active member of the Personal Area Networking (PAN) working group. Red-M has applied for numerous key patents in the areas of wireless communications and technology convergence. More information can be found at: www.red-m.com.
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