Garderos secures investor funding for expansion programme

24 Jul 2003

Munich-based W-LAN software developer Garderos, which was spun off from Siemens in March 2002, says it has won additional investor backing worth EUR2.2 million from Wellington Partners and SAP Ventures to fund its international business expansion programme and strengthen its sales and marketing activities. The German start-up provides software for public W-LAN hotspots and has products installed at nearly 200 installations including hotels, trade show venues and conference centres. Its clients include Deutsche Telekom, which is integrating Garderos software into its T-Octopus LAN Wireless Access product, Fujitsu, Siemens Computers, Enterasys and Sinfilo. It hopes the new funding will enable it to speed up deployment of its ‘hotspot in a box’ product, which is designed to enable the rapid rollout of low-cost W-LAN installations in cafés and restaurants.

Germany