DALLAS-JP Systems closed its second round of funding, raising $45 million from a combination of private equity firms and strategic partner companies.
Second-round funding secured from private equity firms include Baker Communications Fund II LP, Odyssey Investment Partners Fund LP, Investor AB, Global Technology Group Ventures LP and Pacesetter Growth Fund LP. Strategic partners include Network Associates Inc., Complete Business Solutions Inc. and Glenayre Technologies.
“We believe this funding is an indicator of the exploding market for wireless enablers and wireless application service providers. This capital will help us accelerate our aggressive product development plan and increase our sales and marketing efforts globally,” said Dayakar Puskoor, JP Systems’ chief executive officer.
