Los Angeles-based private equity investor Vicente Capital Partners announced MOnday that it has invested in iBwave Solutions, a Canadian company providing in-building wireless design software. Financial details of the investment were not announced. Vicente Capital said that its Growth Equity Fund, jointly with Farol Asset Management, acquired a "significant" equity interest in iBwave, which is based in Montreal, Canada. iBwave said it has over 500 clients worldwide, including all of the tier-1, wireless operators in North America. The company's software and associated services are used in the in-building wireless network design market. Klaus Koch of Vincente Capital Partners, and Krishnan Ramawami, an advisor to Vicente, are both joining IBwave's board as part of the funding.
Top NewsMonday, October 21, 2013
Vicente Capital Invests In Wireless Software Company