What is WAVSYS?
Founded in 2007 and headquartered in Brooklyn, New York, WAVSYS operates through two primary divisions: Staff Augmentation and Professional Services. The Professional Services arm offers a comprehensive suite of solutions across telecommunications, IT support, application development, energy, engineering, and network infrastructure, among others. Complementing this, WAVSYS provides technical Staff Augmentation services to a diverse clientele, including mid-market, Fortune 100, and emerging companies. The company designs and engineers multi-technology and multi-vendor wireless telecommunications systems, serving clients throughout the US, Canada, and the European Union.
How much funding has WAVSYS raised?
WAVSYS has raised a total of $7M across 2 funding rounds:
Debt
$5M
Debt
$2M
Debt (2020): $5M with participation from PPP
Debt (2021): $2M led by PPP
What's next for WAVSYS?
The recent major strategic investment signals a pivotal moment for WAVSYS, likely enabling accelerated growth and expansion of its service offerings. This capital infusion is expected to bolster its capabilities in both Staff Augmentation and Professional Services, potentially allowing for deeper penetration into existing markets and exploration of new technological frontiers. The company's focus on telecommunications and IT infrastructure positions it to capitalize on ongoing digital transformation trends, with this latest financing providing the strategic impetus for future development and market leadership.
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