SOURCE: Growthink

November 24, 2008 11:35 ET

Growthink Raising $6 Million Series B Round for XCOM Wireless

Growthink Advised on XCOM Series A, Selected Again for Series B Effort

LOS ANGELES, CA--(Marketwire - November 24, 2008) - Growthink, the leading Investment Banking and Business Development Services Firm to emerging and middle market enterprises, announced today that the Company is raising a $6 million Series B round for XCOM Wireless, a fabless developer of wireless semiconductor components for the industrial and consumer wireless industry.

XCOM's MEMS-based products increase data transfer rates, reduce dropped calls, and extend battery life for wireless devices. Their solution increases component integration for a smaller footprint at lower cost. Growthink advised XCOM's successful Series A capital-raising effort.

"XCOM's technological solutions are critical to meeting the needs of consumer wireless radio manufacturers and users, who continue to demand more capability and efficiency from their mobile devices," said Emily Burg, Growthink's Vice President of Strategy. "We believe that XCOM is poised to become a leader in the $4 billion wireless component and module sector."

"We advised on XCOM's Series A round and we're building on that success by leading the Series B effort," said Jay Turo, Growthink's CEO and Managing Partner. "Today's capital environment is challenging, but XCOM's decision to work with Growthink again highlights our position as the best advisory partner for emerging and middle market companies." Turo continues, "After all, persistence, teamwork, and leadership are the foundation of good companies at any time, anywhere."

ABOUT GROWTHINK:

Growthink, named by Inc. Magazine as one of the nation's Top 100 Business Services Companies, is the leading Investment Banking and Business Advisory Services Firm to Emerging and Middle Market Enterprises. Growthink provides Research, Strategic, Transactional and Investment Capital Services to its clients, enabling companies to identify and leverage opportunities for growth and market leadership.

Since 1999, Growthink has completed more than 1,600 business plans, market research, and investment banking engagements for a diverse and dynamic client portfolio encompassing Emerging, Established and Fortune 2000 Companies, Venture Capital and Private Equity Funds. Learn more about Growthink's expertise at: www.growthink.com

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