Quintel® Secures $10 Million in Strategic Financing
Quintel is a leader in advanced multi-port/multi-band and passive beamforming antennas. Building on this momentum Quintel is pleased to announce a $10 million investment by Trillium International and a strategic partner
ROCHESTER, NY, April 14, 2014-- Quintel, the developer of high-efficiency, high-performance multiband antenna solutions for mobile operators, today announced that it has completed a $10 million financing round. The round was led by existing investor Trillium International and was joined by a key strategic partner. The investment will enable the company to accelerate growth and scale delivery capacity to meet its 400% year over year growth rate.
“With network operators continuing to roll out new technologies and additional spectrum, the need for multiband antennas is increasing rapidly. Quintel is well positioned to serve this demand and the new funding will enable us to develop a wider product portfolio and ramp up our production rates to support the needs of our customers” said Alastair Westgarth, Quintel’s President and CEO.
Strata Partners, a London-based investment bank acted as the financial adviser to Quintel for this transaction.
Quintel is an innovative leader in wireless network antenna technology development. The company’s products enable wireless operators to independently deploy and optimize multiple air interfaces and/or services on a single standard antenna platform. Quintel is the only antenna supplier whose products can increase a wireless network’s capacity, and the number of services, without increasing the number of antennas or size. Our core technologies originated in the United Kingdom’s Ministry of Defence, and are now deployed throughout the world. Quintel is headquartered in Rochester, New York with additional offices in North America, Europe and Asia. More information about Quintel is available at www.quintelsolutions.com.
About Trillium International
Trillium International is a Rochester, NY based private equity firm managing early stage and growth equity funds. Their investments are primarily in technology companies in North America, Europe and the Far East. Trillium International partners have extensive early stage/private equity investment and management experience, having been chief executive officers, presidents, operating executives, and board members of a wide variety of start-ups, joint ventures, and Fortune 100 multinationals. Trillium International is available at www.trilliuminternationalllc.com
About Strata Partners
Strata Partners is an independent European investment bank that provides buyside, sellside, capital raising and IPO advisory services with a focus on technology and applied technology companies. Our areas of expertise include software, digital media & Internet, IT services, business process outsourcing (BPO), IT and communications hardware, research and laboratory testing services, hi-tech engineering, advanced materials and cleantech & renewables. Strata Partners is available at www.strata-partners.com
“Quintel” and the Quintel logo are registered trademarks, and “MultiServ”, “New Dimensions in Wireless” and “SONWav” are trademarks, of Quintel Technology Limited. All other trademarks are the properties of their respective owners.
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