WaveTeq Communications Inc.

Industry:	Computer Equipment & Peripherals, Telecommunication Equipment, Computer Networking Equipment
Revenues:	Under $20 Million
Employees:	Under 99

Description

WaveTeq has developed high performance, cost effective outdoor networking solutions that are demanded by customers in low density suburban, rural and international deployment settings. Wireless operators in all these markets seek open standards based, easy-to-install, cost-effective, rugged and reliable, all-in-one solutions for deploying Wi-Fi and WiMAX communications networks.

"We talked to WaveTeq's customers who have either purchased or have tested the well established brand names in the Wireless equipment market and they are now using WaveTeq equipment because of its superior performance and value" commented OIF Managing Director John Drope. "This investment compliments our previous investment in Metrobridge Networks (www.metrobridge.com) giving the fund excellent exposure to the rapidly growing internet wireless market."

Jack Van der Star, WaveTeq CEO, said the timing could not be better. "We have had a great deal of interest in our product and are on the verge of tremendous growth. We are pleased to be partnering with OIF as we become a world leader for enabling wireless internet service providers around the globe.