Bessemer Backs Axis

Axis Network Technology, a UK-based provider of re-configurable digital radio platforms, has raised Gbp3 million from Bessemer Venture Partners.

PRESS RELEASE

Axis Network Technology, a UK vendor of re-configurable digital radio platforms, has announced that it has received Gbp3 million in investment from Bessemer Venture Partners, a leading venture capital practice based in the USA.

Axis already has a range of 2.5GHz and 3.5GHz digital radios and modules in production, and is focusing on key emerging markets in WiMAX, 3G (WCDMA and TD-SCDMA) and 4G (3GPP-LTE).

“Bessemer has a long history of making astute investments in this industry sector, having initially funded Maxim and Flarion among other well-known names,” commented Simon Mellor, CEO of Axis. “This investment acknowledges the soundness of our unique business model, which seeks to offer a flexible value-added digital radio product to Tier 1 and 2 wireless OEMs.”

“Axis presented us with a compelling business plan for profitably addressing the needs of the wireless OEMs,” commented Felda Hardymon of Bessemer Venture Partners. Hardymon and his fellow Partner at BVP, Adam Fisher, have joined the Axis board of directors. Fisher commented that “Axis is already showing an impressive level of customer traction, and BVP is excited to work with the team, as the company rapidly becomes the market leader for mobile broadband digital radios.”

Axis aims is to be the leading provider of compact digital radios, using a highly flexible and energy-efficient radio platform. The Company’s products focus on converged base station systems for next generation broadband wireless standards � TD-SCDMA, UMTS, WiMAX, LTE and DVB � and support triple-play and quad-play voice, video and data services. Axis provides fully operational systems direct to OEMs using its combined expertise in RF technology, digital and baseband design experience, together with an established logistics chain that includes circuit manufacture via global EMS and strategic device technology partnerships.

About Axis Network Technology

Axis Network Technology (AxisNT) was founded in the UK by a team of highly experienced telecommunication executives, with the aim of developing and marketing the next generation of re-configurable digital radio platforms. One of the Company’s main strengths is that it combines expertise in RF technology with digital and baseband design experience, and this allows it to deliver fully operational end-to-end systems direct to the OEM.

Axis’ goal is to be the number one provider of compact digital radio platform technology and Radio Remote Heads for current and emerging wireless standards, delivering flexible, energy-efficient converged basestation systems for use with global broadband wireless standards � TD-SCDMA, UMTS, WiMAX, LTE and DVB � including triple-play and quad-play voice, video and data services.

The Company’s in-house design expertise in digital radios is combined with an established logistics chain that includes circuit manufacture via global EMS and strategic device technology partnerships. For more information see www.axisnt.com .

About Bessemer Venture Partners

Bessemer Venture Partners is the oldest venture capital practice in the United States. With offices in Silicon Valley, Boston, New York, Shanghai, Mumbai, and Bangalore, the Bessemer group manages two billion dollars of venture funds, carrying on a tradition of hands-on, active investing that has continued since 1911. Over 100 Bessemer companies have gone public, including American Superconductor, Ciena, Gartner Group, Ingersoll Rand, International Paper, Maxim, Parametric, Perseptive Biosystems, Staples, VeriSign, Veritas, and W.R. Grace.