Radiant Networks which develops new mesh fixed broadband wireless access technology has raised $20 million funding from a consortium of PE investors including, Advent Venture Partners, Intel Capital, Kohlberg Kravis Roberts & Co and Sandler Capital Management.
This is the second stage of financing for Radiant Networks as it raised US $10 million through private and institutional investors in 1999 for the development of technology. This second round of funding will enable Radiant Networks to carry out product development and to fund investment in sales and marketing.
ARC Associates ("ARC"), a specialist investment banking and advisory firm to the TMT, financial services and property sectors, acted as a financial advisor to Radiant Networks in this transaction.
ARC Associates is a specialist investment banking and advisory firm to the telecommunications, media, technology, financial services and property sectors.
Contact:
John Allen, Chairman
ARC Associates
+ 44 (0) 20 7614 4000