STRATA ADVISES QUINTEL ON A $10 MILLION FINANCING ROUND
Strata advises Quintel on a $10 million financing round including investment from a strategic partner
Quintel, the developer of high-efficiency, high-performance multiband antenna solutions for mobile operators, today announced that it has completed a $10 million financing round. The round was led by existing investor Trillium International and was joined by a major strategic partner of Quintel’s. The investment will enable the company to scale delivery capacity to maintain its current 400% year-over-year revenue growth rate.
“With network operators continuing to roll out new technologies and additional spectrum, the need for multiband antennas is increasing rapidly. Quintel is well positioned to serve this demand and the new funding will enable us to develop a wider product portfolio and ramp up our production rates to support the needs of our customers” said Alastair Westgarth, Quintel’s President and CEO.
Strata Partners acted as the financial adviser to Quintel for this transaction.
Quintel is an innovative leader in wireless network antenna technology development. The company’s products enable wireless operators to independently deploy and optimize multiple air interfaces and/or services on a single standard antenna platform. Quintel is the only antenna supplier whose products can increase a wireless network’s capacity and the number of services available without increasing the number or size of the antennas deployed. Quintel’s core technologies originated in the United Kingdom’s Ministry of Defence, and are now deployed throughout the world. Quintel is headquartered in Rochester, New York with additional offices in North America, Europe and Asia. More information about Quintel is available at www.quintelsolutions.com
About Trillium International
Trillium International is a Rochester, NY based private equity firm managing early stage and growth equity funds focussing primarily on technology companies. Trillium International partners have extensive early stage/private equity investment and management experience, having been chief executive officers, presidents, operating executives, and board members of a wide variety of start-ups, joint ventures, and Fortune 100 multinationals. More information on Trillium International is available at www.trilliuminternationalllc.com