Altobridge to:

-  Increase pace of roll-out of low-operating-cost remote communications solution
-  Commercialise low-cost mobile broadband solution based on unique data optimisation techniques

Kerry Technology Park, Ireland, March 14th 2011: Altobridge Limited – leaders in technology that cuts the cost of delivering voice and broadband data services across wireless networks – has, today, announced that Intel Capital and IFC will together invest US$12 million in the company.

This Series C funding round, led by Intel Capital, will provide Altobridge with additional capital to accelerate the pace of roll-out of its award winning low-capital-cost/ low-operational-cost wireless communications solution. This solution is coming under increasing demand to meet the wireless communications requirements of remote communities, enterprises and schools of the world’s emerging markets. The funding will also allow the company to commercialise its mobile broadband solution: Altobridge Data-at-the-Edge™ – a technology that demonstrates a significant reduction in data bandwidth requirements on mobile networks. (more…)

Enterprise Ireland Sees Strongest Irish Participation Ever at CTIA.

Mountain View, Calif., – March 15, 2011 – Enterprise Ireland, the trade and technology agency of the Irish Government, announced today that over 30 Irish telecoms and wireless companies will participate in CTIA Wireless 2011 in Orlando, Florida on March 22-24th, making it the strongest showing yet for Irish companies at the conference.  Visitors to Enterprise Ireland’s Pavilion (booth #3010) will get to meet representatives from Accuris Networks, Aepona, Altobridge, Advanced Innovations, Arantech, Cubic Telecom, Dial2Do, Digital Reach Group, Drive Safe Europe, FeedHenry, GoS Networks, Openmind Networks and The Now Factory.

“Ireland will have its strongest showing ever at CTIA in 2011.  It just goes to show that even with current economic challenges, Irish tech companies are growing and succeeding in the global market place,” said David Smith, senior vice president (telecoms), Enterprise Ireland. “There are many opportunities for Irish telecoms and wireless companies in the U.S.  At CTIA, Enterprise Ireland will have the chance to introduce these companies to key players who can help drive their business forward.”

At CTIA, Enterprise Ireland’s global panel of experts, the Wireless Advisory Board will be on hand to provide guidance and support to Irish wireless companies on their market strategies for North America. Joining Enterprise Ireland will be: Patrick Kennedy, CEO Sidebar, Kieran Hannon, COO Sidebar, Seamus McAteer, Director, Investment Technology Group, Hank Skorny, SVP RealNetworks and Mary Anne de Monte Whelan, Telecom Analyst, Delan Group. Enterprise Ireland has also launched a Web site especially for CTIA 2011 at http://americas.enterprise-ireland.com/ctia2011/ that includes a blog with the latest CTIA and telecom market news.

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At CTIA 2011, Ireland will have its strongest showing ever with over 30 Irish companies attending the conference. Visitors to Enterprise Ireland’s Pavilion (booth #3010) will get to meet representatives from Accuris Networks, Aepona, Altobridge, Advanced Innovations, Arantech, Cubic Telecom, Dial2Do, Digital Reach Group, Drive Safe Europe, FeedHenry, GoS Networks, Openmind Networks and The Now Factory. Commenting on the strong participating at CTIA, David Smith, SVP Telecoms, Enterprise Ireland said: “It just goes to show that even with current economic challenges, Irish tech companies are growing and succeeding in the global market place. There are many opportunities for Irish telecoms and wireless companies in the U.S. At CTIA, Enterprise Ireland will have the chance to introduce these companies to key players who can help drive their business forward.” For more information about Ireland’s participation at CTIA visit: http://americas.enterprise-ireland.com/ctia2011/