Vicente Capital Invests In Wireless Software Company

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.