BelAir Networks Announces $17.5 Million in Funding

BelAir Networks, the leading provider of mobile wireless broadband mesh network solutions, announced today $17.5 million in financing led by new investors Export Development Canada (EDC) and Wellington Financial.

Existing investors Comcast Interactive Capital, T-Mobile Venture Fund, Trilogy Equity Partners, Panorama Capital (formerly JPMorgan Partners), VenGrowth Capital Partners Inc., BDC Venture Capital, Ventures West Management, McLean Watson and MMV Financial also participated in this round.

“BelAir Networks was recently named the new worldwide wireless mesh node market leader based on revenue and this funding will help fuel the company’s solid growth trajectory,” said Bernard Herscovich, President and CEO, BelAir Networks. “Our success in delivering proven, reliable and high performance mesh networks for public safety interoperability, citywide wireless networks and demanding enterprise applications has created growing demand for our products globally.”

BelAir Networks has more than 300 deployments worldwide, in leading cities such as New York, Minneapolis, the City of London and Toronto, and high-profile venues including Dolphin Stadium and Lincoln Center. The company offers a comprehensive product portfolio that supports Wi-Fi, WiMAX, 4.9 GHz Public Safety and cellular backhaul, and includes the flagship four-radio BelAir200 Wireless Multi-service Switch Router, the three-radio BelAir100T wireless mesh node, the dual-radio BelAir100 Multi-service Node, the single- or dual-radio BelAir100C Multi-service Node featuring point-to-multipoint backhaul, and the strand-mounted BelAir100S all seamlessly using the BelAirOS and managed by BelViewNMS. BelAir also offers the BelAir300 Converged Multi-service Wireless Node, combining cellular, Wi-Fi and wireless mesh on a converged platform.

About BelAir Networks
BelAir Networks is the first company to offer scalable, mobile wireless broadband mesh networking solutions with the highest quality for data, voice and video. The company teams with world-class global partners to deploy proven, cost-effective wireless broadband mesh networks. BelAir’s wireless networking solutions are built on the only multi-service architecture for municipal wireless broadband deployments of Wi-Fi, WiMAX and 3G Cellular networks. Built specifically for outdoor-in deployments, BelAir Networks’ patented solution delivers the lowest cost per user and deploys in days, blending into the physical infrastructure of downtown business districts, hotels and resorts, and campuses. Founded in 2001, BelAir Networks is a privately held company. For more info, visit www.belairnetworks.com.

Sheila Burpee Duncan
BelAir Networks
613.254.7070 ext. 134
sburpeeduncan@belairnetworks.com

Pamela Preston
Breakaway Communications for BelAir Networks
212.616.6001
ppreston@breakawaycom.com