Trellia Networks receives $3.3m in Series A financing from Skypoint



Trellia NetworksT announces US$3.3 million in Series A Financing from Skypoint Capital?


MONTREAL-/10 Jan, 2005 - Wi-Fi Technology News/- Trellia Networks Inc., developers of the Nomad Mobility PlatformT for intelligent wireless roaming in cellular data and Wi-Fi networks, announced today that it has received US$3.3 million in Series A financing from Skypoint Capital Corporation.

"Skypoint is a leading venture capital fund which provides early-stage equity to new businesses in telecommunications and information technology," said Giovanni Forte, founding President and CEO of Trellia. "Their investment in Trellia is a clear and compelling validation of our technology, vision and product strategy. We are very pleased to have Skypoint as our partner."

Trellia Networks provides telecommunications carriers, wireless operators, enterprise customers and Mobile Virtual Network Operators (MVNOs) a unique and powerful wireless data subscriber solution for universal connectivity and roaming in today's fast-changing wireless network environment. The Nomad Mobility Platform supports secure universal wireless connectivity, seamless roaming for mobile devices (laptops, PDAs, Smartphones) that use Wi-Fi/WLAN, GPRS/EDGE, CDMA1x/EVDO, UMTS, and next generation IP Multimedia wireless applications. In addition, the Nomad Mobility Platform is the only mobile solution available in the market that supports both universal wireline/wireless connectivity management and Mobile IP standards for carrier based session persistence "always-on/always-connected" applications.

"The rapid emergence of Wi-Fi and cellular data wireless technologies is creating new growth opportunities in the mobility market and we see Trellia Networks playing a key role in that space," said Natalie Giroux, Partner, Skypoint Capital. "We are also very excited that Trellia Networks is already engaged with multiple Tier 1 global customers who have validated the Nomad Mobility Platform."


About Trellia Networks
Trellia Networks Inc. (http://www.trellianetworks.com) is a privately held corporation located in Montreal, Canada, a major hub for telecommunications companies. Trellia Networks is dedicated to providing Wi-Fi/WLAN, GPRS/EDGE, CDMA1x/EVDO, UMTS wireless connectivity and next generation IP Multimedia wireless applications. Trellia Networks delivers carrier grade products to mobile operators and enterprise customers around the world.


About Skypoint Capital ?
Skypoint Capital? (http://www.skypointcorp.com) forms and manages venture capital funds that stimulate and leverage the ever-changing telecommunications and information technology sector. Its funds provide early-stage equity capital to new or growing businesses with the potential to become major enterprises.
The firm, which currently has US $185 million under management, invests primarily in Canada, but also in the US, Israel and the UK. The members of the Skypoint Capital team have participated in more than 75 technology start-ups in the Ottawa and Montreal regions.