SOURCE: NextHop Technologies Inc.

July 17, 2007 07:00 ET

NextHop Technologies Closes Series D Funding

Raises Additional $4 Million in Capital

MOUNTAIN VIEW, CA--(Marketwire - July 17, 2007) - NextHop Technologies® Inc., the leader in enterprise mobility and networking solutions, today announced that it has closed a Series D funding for $4.0 million. These funds will be used to accelerate product development and further its innovation in enterprise mobility and networking. New Enterprise Associates, Duchossois Technology Partners, Labrador Ventures, and Parker Price Venture Capital provided the latest investment, bringing total company funding to $45.8 million.

"Corporate Wi-Fi initiatives are expanding as companies realize increases in worker productivity gained from wireless deployments," said Dan Phelps, general partner at Duchossois Technology Partners. "NextHop enables wireless solutions that integrate seamlessly into the existing network infrastructure, rather than burdening IT staff with an overlay network, to achieve the efficiencies of a mobile workforce with a more cost effective solution."

NextHop offers a family of Wi-Fi-based wireless solutions for the mobile enterprise. These solutions extend mobility into the carpeted and non-carpeted environment. Businesses may now use NextHop's mobility solutions for asset tracking in healthcare, asset management in manufacturing and data access for the mobile workforce.

NextHop's Enterprise CompleteMobility™ solution, announced earlier this year, enables virtually unlimited scalability, seamless roaming across the corporate networks, automatic rollover upon failure and coordinated security. The net result is a robust enterprise scale, high-availability wireless environment required today by all demanding enterprises.

"This additional support from our investors provides us with the financial position to accelerate our thought leadership in enterprise mobility," said Ed Cluss, president and CEO of NextHop Technologies.

About NextHop Technologies

NextHop Technologies is a leading provider of Wi-Fi mobility solutions and network protocol software for the wired and wireless communications market.

NextHop's GateD® legacy provides the most complete and vendor-neutral set of switching and routing protocols in the industry. Fulfilling the needs of the fast growing mobile communications market, NextHop's CompleteMobility™ hardware-agnostic software solutions are more reliable, easier to use and more scalable than any other solution. By providing turnkey software solutions on merchant silicon and off-the-shelf hardware, NextHop offers the unique combination of quick time-to-market and comprehensive networking functionality for mobile enterprise and carrier equipment manufacturers. NextHop is based in Mountain View, Calif. For further information, please visit www.nexthop.com.

NextHop Technologies and GateD are registered trademarks and NextHop, CCM, CompleteMobility and WorldView are trademarks of NextHop Technologies Inc. All other trademarks and registered trademarks are the property of their respective owners.

Contact Information

  • Information contact:
    Wanda Cavanaugh
    Windward PR for NextHop
    +1 650-851-0880
    Cell: +1 650-533-1055
    Email Contact