Siemens spin-off Garderos has now won a further investor from the ICT industry,
SAP Ventures. Lead investor Wellington Partners and SAP Ventures are investing a combined total of EUR 2.2 million in the second round of funding for Garderos.
Formed in March 2002, Garderos develops and markets software for operating public WLAN hotspots (WLAN = Wireless Local Area Network). Today, Garderos software is already enabling broadband Internet access at nearly 200 of these locations in hotels, tradeshow venues and congress centers, which are highly frequented by business people. Garderos’ customers include
Enterasys Networks, Fujitsu Siemens Computers GmbH and Sinfilo N.V.. Deutsche Telekom AG is integrating the Garderos software into its T-Octopus LAN Wireless Access product.
Garderos will primarily be utilizing the capital from the current round of funding to expand its international business and strengthen its sales and marketing activities. In this connection, particular emphasis is being placed upon the new “Hotspot in a box” solution, which enables small WLAN hotspots like cafés or restaurants to be quickly and affordably installed and operated. “Several pilot installations are already up and running,” explains Garderos founder and CEO Hans Christensen, “and customer inquiries are showing that we are operating in a market that offers extremely strong potential.”
Wellington Partner Frank Böhnke views the technological superiority of the software as well as the ability to swiftly reach new customer groups as the key competitive advantages for Garderos: “This gives the company the opportunity to position itself as the technology and market leader in the internationally fast-growing WLAN market.” Paul Jozefak, Investment Director at SAP Ventures, also stresses the opportunities for Garderos: “We are convinced that Garderos possesses considerable potential for development, which is what prompted us to make this investment.”
“We are proud of the trust that SAP Ventures and Wellington Partners are placing in us,” explains Garderos CEO Christensen, who was advised by Global Finance in the current round of financing. “I see this as a clear signal that over the long term Garderos is going to number among the most successful software vendors in the WLAN market.” This current round of funding will enable the company to reach the breakeven point and continue to grow under its own power.
Wellington Partners und SAP Ventures investieren 2,2 Mio. EUR in Garderos