Tatara Systems Secures $8 Million in Second Round of Funding

01/20/2004 - Acton, Mass. – Tatara Systems, a leading developer of service delivery platforms that accelerate the path to profitability for public wireless LAN (“Wi-Fi”) service providers, today announced it has secured an additional $8 million in its second major round of financing. Participating in the round were Highland Capital Partners and North Bridge Venture Partners – two leading Boston-area firms with a combined $3 billion of capital under management and substantial track records of success in communications, software and related technology investments. This round brings the total investment to date in the company to $17 million.
 
 
“Our contribution to this second round of financing illustrates our continued confidence in Tatara Systems and in the company’s ability to address the needs of large service providers within the Wi-Fi marketplace,” said Ed Anderson, managing general partner at North Bridge Venture Partners. “The highly experienced management team at Tatara is helping operators rewrite the business model for Wi-Fi by allowing them to more profitably manage their wireless roaming activities.”
 
The new funds will be used to expand Tatara’s sales and marketing efforts, initially in North America and Europe and then worldwide. The funds will also be used to further advance the company’s product platform, including expanding on the platform’s existing capabilities to support the delivery of advanced services into wireless LAN networks and to extend the interoperability of wireless LAN and wide area networks.
 
“Tatara has demonstrated excellent progress against their business plan since the first financing round – as illustrated by their recent selection as a key Wi-Fi roaming and 1X interoperability infrastructure provider by leading Canadian mobile operator TELUS Mobility,” said Jon Auerbach of Highland Capital Partners. “We are excited to increase our investment in the company as they build on their market leadership position.”
 
“I am pleased by the continued confidence of our investors in the success of both Tatara and our Wi-Fi Service Delivery Platform,” said Steve Nicolle, president and CEO of Tatara Systems. “We’ve made significant progress by signing up several customers and partners in the past year, and we look forward to continuing to build on this growth.”
 
About Tatara Systems
Tatara Systems develops service delivery platforms that accelerate the path to profitability for public wireless LAN (“Wi-Fi”) service providers. Tatara’s Wi-Fi Service Delivery Platform enables both retail and wholesale service providers such as mobile operators, wireline carriers, neutral host network operators, aggregators, ISPs and cable operators to profitably support roaming relationships without sacrificing security, control or advanced capabilities. By providing unparalleled visibility into critical Wi-Fi service data such as usage and performance information – including information collected while customers are on roaming partners’ networks – Tatara’s patent-pending architecture gives service providers unprecedented control over services, usage, network quality and security using just one centralized platform. The result is more attractive Wi-Fi business models that expand revenue opportunities, deliver shorter payback periods, require less capital and produce higher ROIs. Based in Acton, Mass., Tatara Systems is a privately held company backed by the leading communications investment firms Highland Capital Partners and North Bridge Venture Partners. For more information, visit www.tatarasystems.com.