SEATTLE--(BUSINESS WIRE)--Twisted Pair Solutions, Inc., a leading software company that designs and builds IP-based group communications software, today announced it has closed its first round of venture capital funding, receiving $9 million from an investment group syndicate co-led by Ignition Partners and Core Capital Partners, and to include Chart Venture Partners. This investment will be used to accelerate the company’s rapid growth through an extended focus on sales, marketing and partner development, as well as further advancement of its core WAVE technology.
“This investment allows us to accelerate our response to the incredible demand we are seeing from our partners and end customers, powering additional products, services and solutions with our core software technology,” said Tom Guthrie, President and CEO of Twisted Pair Solutions. “Ignition, Core and Chart bring a wealth of experience that allows us to significantly increase the breadth of market-specific solutions as well as the depth of software components and development tools for our worldwide partners.”
"The global communications environment has become increasingly complicated with new technologies and standards which are constantly evolving," said Adrian Smith, Principal at Ignition Partners. "We see a significant opportunity for a company like Twisted Pair that has the technical competence and experience to make these technologies work together to allow people to seamlessly communicate in any situation.
"Twisted Pair's solution has been tried and tested in some of the most demanding, mission-critical communications environments in the military and government. We believe that they are ideally positioned to solve communication interoperability challenges in many commercial segments."
Started in 1999, the WAVE software technology has been broadly accepted as the leading solution of choice for enabling and managing group communications and achieving interoperability. Thousands of customers in defense, public safety, finance, and utilities leverage the advantages of WAVE to connect people using disparate and often incompatible communications technologies into a single, interoperable and manageable communications system. WAVE specializes in managing and configuring group communications to meet an organization’s needs while avoiding a fork-lift upgrade of existing communications equipment. Today, WAVE software technology is sold worldwide as bundled product suites through Twisted Pair’s systems integration partners as well as OEM partners who build their own products and services using the WAVE Software Development Kit.
“Interest in WAVE software technology is at an all time high and increasing with each deployment,“ said René Grossrieder, Vice President of Sales and Marketing of Twisted Pair. “Our ability to harness this growth and establish aligned business processes with crisp execution is significantly enhanced with this round of funding. New marketing, sales and business development initiatives are already underway and will be a driving force in achieving previously unattainable levels of growth, profitability and partner development.”
"Twisted Pair represents the perfect convergence of technology and the needs of homeland security and public safety," commented Tom Wheeler, Managing Director at Core Capital. "The WAVE technology, which is now deployed with our forces in Iraq to help them communicate, can do the same for fire fighters, police, hospitals and other emergency service providers. Gone is the tragedy of September 11, when fire fighters and police could not communicate with each other, the WAVE platform allows all radios, cell phones, and laptops to communicate with each other regardless of the technology used or frequency on which they operate.”
In addition, Ted Hobart from Chart Venture Partners added, “Twisted Pair’s WAVE technology addresses an immediate and pressing need for interoperability among military communications networks, particularly for units deployed in theater, which is among the most challenging markets and operating environments. We believe the Company’s leading technology can also be leveraged more broadly for civilian and military communications programs, as well as large commercial markets and that the team is well positioned to execute its strategy for growth.”
The new board will be comprised of Tom Guthrie, President and CEO of Twisted Pair Solutions, Shaun Botha, Chief Technology Officer of Twisted Pair Solutions, Tom Wheeler, Partner of Core Capital and Adrian Smith, Principal of Ignition Partners.
About Twisted Pair Solutions, Inc.
Twisted Pair Solutions, Inc. designs and builds enterprise software solutions that enable interoperable group communications. Our WAVE software manages real-time, secure, group communications over the IP network, linking in people and devices. The application suite serves an unlimited variety of devices including radios, personal computers, cell phones, and IP phones and allows previously incompatible systems to work together seamlessly. In addition, Twisted Pair’s management server capabilities enable robust device and user management leveraging IP as the protocol of choice for open, reliable and highly scaleable communications. Twisted Pair Solutions is headquartered in Seattle, Washington USA with offices in the Netherlands, UK and Australia. Visit us at www.twistpair.com
About Ignition Partners
Ignition Partners, headquartered in Bellevue, Wash., is a premier venture capital firm dedicated to helping the best entrepreneurs seize opportunity - from turning their early stage idea into a business, to hiring the right team, providing the right industry and functional insight and connections, and growing their business strategically, globally, and financially to realize the best ultimate outcome. Ignition invests in emerging and future leaders in communications, Internet, software, and services across business and consumer targets. Ignition brings together an unparalleled combination of domain focus, technical expertise, and global operational experience. Ignition's partners are proven business leaders who have built some of the world's most successful businesses of the last two decades, including Microsoft Windows and Office, McCaw Cellular Communications, AT&T Wireless, and Starbucks. www.ignitionpartners.com
About Core Capital Partners
Core Capital is a Washington, DC-based venture fund with over $370 million under management. The firm invests in a wide range of disruptive technologies, with a particular focus on telecommunications hardware and software, wireless applications, enterprise software, network security, ecommerce, and web and communications services. Core invests in both early-stage and later-stage companies. Sample portfolio companies include InPhonic, Sourcefire, NexTone Communications, buySafe, RoundBox, Trust Digital, Trinity Convergence, and IXI. www.core-capital.com
About Chart Venture Partners
Chart Venture Partners concentrates its investments in the homeland defense and security markets, with an emphasis on dual–use technologies (government and commercial). Through an exclusive Strategic Partner Agreement with InSitech, Inc., the sole Partnership Intermediary for US Army’s Picatinny Arsenal/ARDEC (Armament Research, Development and Engineering Center), Chart Venture Partners has unique access to research facilities and potential customers in the military and homeland security arenas. www.chartventures.com