Connectify Secures Strategic Investment from IQT to Advance Wireless Networking Capabilities for U.S. Intelligence Community
Sep 28, 2011, 11:00 ET
PHILADELPHIA, Sept. 28, 2011 /PRNewswire/ -- Connectify, an emerging leader in the wireless networking software space, is pleased to announce a strategic investment from In-Q-Tel (IQT), the independent strategic investment firm that identifies innovative technology solutions to support the missions of the U.S. Intelligence Community.
The strategic investment from IQT will facilitate the development of Connectify's next-generation networking software, which aims to bring a powerful and secure remote networking platform, and Connectify's innovative connection aggregation technology. This emerging technology will give users the ability to spontaneously create self-forming virtual private networks (VPNs) without dialing into a central location, while leveraging the combined throughput (and reliability) of all available Internet connections. Connectify's experience bringing successful wireless networking applications to the private-sector provides the foundation necessary to further this cutting-edge initiative.
Connectify lets users transform their PC into a Wi-Fi hotspot at the click-of-a-button. Other computers and devices can then access the Internet through the Connectify Hotspot, just like any other wireless access point. With Connectify, business travelers can stay connected across laptops, tablets, and smartphones while on-the-road, and college students are increasingly using the software to keep their game consoles, iPhones, and other devices online in student housing. With millions of downloads, and Connectify Pro quickly gaining traction, the offering has certainly struck a chord with consumers keen to have greater control over their wireless networks.
"Connectify's unique background helps us define and develop emerging technologies in what is a constantly evolving field," Connectify CEO, Alex Gizis, explains, "but, with In-Q-Tel as an investor and strategic partner, we are able to identify more closely the networking needs and requirements of IQT customers."
"Our strategic partnership with Connectify will provide our U.S. Intelligence Community customers with access to the most advanced wireless networking software available," said William Strecker, Executive Vice President of Architecture & Engineering and CTO of IQT. "Connectify's experience bringing wireless networking applications to the private-sector provides the foundation necessary to further this cutting-edge technology."
In-Q-Tel is the not-for-profit, strategic investment firm that works to identify, adapt, and deliver innovative technology solutions to support the missions of the U.S. Intelligence Community. Launched in 1999 as a private, independent organization, IQT's mission is to identify and partner with companies developing cutting-edge technologies that serve the national security interests of the United States. Working from an evolving strategic blueprint defining the Intelligence Community's critical technology needs, IQT engages with entrepreneurs, startups, researchers, and investors to deliver technologies that provide superior capabilities for the CIA and broader Intelligence Community. For more information, visit www.iqt.org.
Connectify is a privately-held company that develops next-generation networking software for PC and mobile platforms. Founded in 2010, Connectify's mission is to give all users the power to perform complex networking tasks at the click-of-a-button. For more information on Connectify, visit www.connectify.me. Connectify is a trademark of Connectify Inc. Xbox 360 and related marks, images, and symbols are the exclusive properties and trademarks of Microsoft Corp. iPad and related marks, images, and symbols are the exclusive properties and trademarks of Apple Corp.
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