Ekahau Announces Record Growth, Additional Funding, and Appoints New CEO
Ekahau is poised for strong growth in 2012 and beyond fueled by increasing demand for its market leading Real Time Location System (RTLS) solutions
RESTON, Virginia, September 25, 2012 /PRNewswire/ --
Ekahau Inc., the worldwide leader in high performance Wi-Fi-based Real Time Location Systems (RTLS) announced today that its sales grew by over 50% in the first half of 2012. The majority of the company's growth came from the healthcare sector where it enjoys the reputation of a solid performance leader and innovator in helping hospitals improve efficiencies, patient safety, and work-flow.
In addition to the rapid increase in sales, Ekahau has also received nearly $10 million in additional growth funding during the year. This funding will help continue the acceleration of Ekahau's product development efforts as well as bolster its sales and customer care teams. The funding was led by Nexit Ventures with participation from several new and existing investors in the company.
The company also announced the appointment of Mark D. Norris as the new President and CEO of Ekahau. Mr. Norris has been with the company for over 18 months and served as COO and CFO prior to his promotion. With more than 20 years of strategic-leadership experience, Mr. Norris has held executive roles in operations and finance including M&A experience with public and private companies including Marriott, AES, and USA Mobility, which span industry verticals including healthcare, hospitality and education.
"Mark brings a fresh vision to Ekahau and has already set new standards for the company in regards to energy, focus and leadership," said Michel Wendell, Chairman of Ekahau. "Mark is focused on continuing the company's tradition of driving innovation and bringing industry leading applications to the growing RTLS market."
About Ekahau Inc.
Ekahau Inc. is the industry leader in providing Wi-Fi-based RTLS solutions. Ekahau's customers, including several Fortune 500 companies worldwide, are realizing the benefits of Wi-Fi based location services and innovative Wi-Fi network planning and optimization tools. Ekahau's solutions are being used in more than 400 hospitals around the world, as well as by manufacturing, retail and industrial companies, government agencies and military organizations. Ekahau partners include wireless software developers, leading system integrators and international OEM partners, who develop and market wireless enterprise applications. Ekahau is a U.S.-based corporation, with its headquarters in Reston, VA, and other offices across Europe and Asia. For more information about Ekahau, please visit http://www.ekahau.com.
SOURCE Ekahau Inc.
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