IPWireless management buys company back
3G pioneer regains independence
“Over the past decade, IPWireless has proven its ability to pioneer innovative 3GPP solutions that broaden the possibilities of wireless for our customers in both government and commercial markets,” said Dr Bill Jones, co-founder and CEO of IPWireless. “We are excited that not only do we have the right team and financial resources in place to continue to build on this excellent track record but now also the flexibility and strategic focus that are unique to management-controlled ventures.”
IPWireless was founded in 1999 to deliver next generation silicon, software and network solutions based on the 3rd Generation Partnership Project (3GPP) standards. The 3GPP has continued to evolve these standards through the recently defined Release 8 which includes specifications for LTE (Long-term Evolution) and iMB (integrated mobile broadcast).
IPWireless claims it was the first vendor to offer commercial UMTS solutions for a number of global spectrum bands, the first to offer an all-IP mobile broadband solution based on UMTS, and the first to offer a UMTS broadcast solution. It has delivered five generations of 3GPP ASICs to power devices such as handsets, USB modems, and PCI Express Mini cards. The current generation of ASICs is based on Release 7 and the company is now developing software and chipsets for Release 8.
The company was acquired in May 2007 by NextWave Wireless and became part of the NextWave Network Products division. On 26 December 2008 NextWave announced it had sold 75 percent of IPWireless to IPW Holdings, formed by the senior IPWireless management team. NextWave Wireless will retain a minority stake. IP Wireless will continue to with its two primary locations in San Bruno, California and Chippenham, UK.