Leaf Industries, the sole value-added distributor in Africa for Axis Communications, today announced that Axis Communications, a leader in network connectivity and mobile Internet solutions, had invested an additional $1,5 million in the American company nBand Communications, Inc. At the same time the leading American venture capital company VantagePoint Venture Partners had also invested in nBand Comms. VantagePoint was recently ranked in the magazine Red Herring as one of the four most successful venture companies in the world.
nBand develops advanced technology for semiconductors and processors, with the ambition to become a leading supplier of wireless broadband communication.
Axis had already invested $1.5 million in nBand and is the largest industrial shareholder, with an estimated 12,5% of the shares of nBand.
"This investment supports our focus on wireless network solutions," says Torbj"orn Ward, General Manager of the Mobile Internet Division at Axis. "Our commitment to nBand provides us with access to the latest developments in next generation wireless broadband technologies. Combining this with our own presence in Silicon Valley means that we gain a clear grasp of the developments in wireless transmission in the American market."
nBand`s business model is based on supplying semiconductors and development tools to systems suppliers. nBand is also actively engaged in co-development and collaboration with strategic partners, such as Axis. Located in Sunnyvale, California, nBand was started last year by industry veterans from Sun Microsystems and Intel.
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Axis Communications
The Axis Communications Group with the parent company Axis AB is a leading company in network connectivity and emerging wireless Internet based services. The company is at the forefront of developing network appliance solutions that enable people and organisations to get easy and immediate access to devices and services. Axis is one of the global leaders in several key thin server and network device markets, such as printer, storage and video connectivity, and is doing pioneering work in the rapidly expanding markets of wireless and mobile communications.
Founded in 1984, Axis employs more than 500 people worldwide, including the subsidiary 50 percent owned Netch Technologies. Axis is headquartered in Lund, Sweden and has a total of 28 offices throughout North America, Asia and Europe. Information about Axis can be found at http://www.axis.com.
Leaf Industries
Leaf Industries is the sole value added distributor in Africa for Axis Communications, and for the locally developed and manufactured range of Edge products for the GSM marketplace.