Mesh Networks Raises $4.3 Million to Support New Growth & Next Gen Connectivity Product Development
New funding boosts growth for Houston based IT solutions Company that services the WISP, Hospitality, Student Housing, 55+/Assisted Living & MDU industries.
HOUSTON, Nov. 9, 2014 /PRNewswire/ -- Mesh Networks (Mesh), a Houston, Texas based company that specializes in bandwidth management and optimization, has secured a new round funding from an existing investor base and new private investors. The $4.3 million backing is expected to accelerate the company's aggressive growth both here in the United States and abroad. Mesh Networks has established strategic alliances with distributors who will drive Mesh Networks "enterprise to consumer" bandwidth management products and services into the mainstream.
The capital raised allows Mesh to procure product slated for distribution through its enhanced partnership agreements with nationwide top solutions providers, IT Aggregators, Wireless Internet Service Providers (WISP), Equipment Leasing Providers, and Value Added Resellers (VARs).
Taking full advantage of the momentum provided by the infusion of capital, Mesh Networks bandwidth management solutions are scheduled to be installed into both new and retro-fit mission critical IT infrastructures in verticals that service student housing in the USA and Canada and assisted living facilities throughout the USA and Australia. Hospitality media network providers are expected to integrate the NetProfit® System to effectively manage bandwidth in their existing highly specialized content delivery systems across guest platforms and provide their customers enhanced Quality of Service (QoS) when using Internet related services.
"Connectivity services in the Hospitality, Student Housing, 55+/Assisted Living, Apartment industries are notorious for being troublesome and slow; often frustrating a customer base that expects connectivity services to be fast and responsive. Mesh facilitates personalizing and improving guest/resident connectivity services by installing our patent pending bandwidth management systems into new, or already existing networks." Said Martin Scheid, CEO and President of Mesh Networks, LLC. "Achieving our funding goals for 2014 has significantly accelerated the advancement of the Company. Subsequently, we are anticipating a rapid expansion into our target verticals, with deployments already scheduled well into 2016."
The Mesh executive team had the foresight to reach out and create alliances with Venture Capital firms, some of which specialize in funding WISP (Wireless Internet Service Providers). When a WISP is unable to secure conventional bank financing, Mesh's funding partners' bridge that gap offering specialized funding and equipment for upgrades and expansions.
"This latest round of funding allows the Company to compete in the WISP arena, the NetProfit® WISP End 2 End System is an incredibly cost effective solution for the WISP" Martin Scheid said. "Mesh Networks' technology team developed the WISP End 2 End System specifically for the WISP, so whether it's a new build or an equipment refresh, investment price is low, and higher QoS for their existing customer base is immediate. The bandwidth management the NetProfit® System provides allows the WISP to expand its customer base while maintaining QoS for all, thus increasing revenue opportunities."
About Mesh Networks:
Mesh Networks are experts in the field of bandwidth management. Mesh Networks has been a provider of bandwidth management and optimization products since 2005. The Mesh Networks provides innovative, state-of-the-art, patent pending broadband management solutions that reduce network costs, open up new markets, and improve margins. Mesh Networks solutions provide the broadband enterprise provider/administrator, residential and business markets with powerful new capabilities in managing their customers' Internet experience. www.themeshnetworks.com.
SOURCE Mesh Networks
Share this article