RadioFrame closes European office, exits femtocell hardware |
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RadioFrame closes European office, exits femtocell hardware
RadioFrame Networks will stop making the hardware for small cellular base stations for homes and small businesses as part of a plan to save cash. It is also closing its European office, according to a report in Unstrung.
"While we closed down Europe specific to Femto cell, we are now focused on our iDEN and ASIC businesses. We are trying to be prudent with our money in these tough economic times and we have pared back to a core set of businesses that will take advantage of our unique market position while maximizing our use of funds," said CEO Jeff Brown in an email to Unstrung. It was unclear how many people were laid off in the move.
Last year, the Redmond company said it planned to roll out femtocells for the Long Term Evolution and WiMax wireless markets.
“With our OmniRadio processor we not only offer wireless carriers a distinct cost advantage, we also offer the only software based, upgradable femtocell solution in the industry today," Brown said in a press release. "We are designing the RadioFrame solution to be both the first and last femtocell product that a carrier would ever need to deploy.”
Last summer, RadioFrame reeled in $28 million from Ignition Partners, VantagePoint Venture Partners -- both past investors in defunct Sotto Wireless -- Plainfield Asset Management and others. That brought funding in the maker of telecommunications equipment to more than $100 million.
Founded in 1999 by former McCaw Cellular veteran Rob Mechaley, RadioFrame cut about 50 staffers in 2007 leaving it with 180 workers.
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