InnerWirelees.com

 
Horizon
About Us Industry Solutions Products & Services Partners News & Events Resource Library Contact Us



InnerWireless Establishes Healthcare Business Unit And Announces Series C Funding

RICHARDSON, Texas – April 26, 2005 – InnerWireless, Inc., announced today that it has established a healthcare business unit to deliver the Medical-Grade Wireless Utility™. The utility includes a unifying wireless platform and portfolio of services to facilitate the development of an adaptive mobile enterprise strategy.

Today’s healthcare providers are sophisticated and highly mobile workers requiring real-time communication and reliable access to mission- and life-critical data for Point-of-Decision Care™. Healthcare executives are being challenged to select technologies that can help them address priority business objectives that optimize patient care and deliver real value to the bottom line.

Accelerated by the recent closing of a $15 million Series C investment, InnerWireless has completed the first phase and launch of a dedicated healthcare team. The newly formed business unit includes marketing and corporate development staff, and additional regional sales offices.

“I am very excited about the ability to attract experienced healthcare professionals to help our customers create and implement best-practice solutions,” said James Taylor , Director, Wireless Healthcare at InnerWireless .

Until now, wireless installations in hospitals have required separate and often dedicated infrastructures, leading to redundant costs, disruptions to patient care, and inadequate wireless coverage resulting in a difficult-to-manage environment that does not easily adapt to demands for future technologies and applications. The Medical-Grade Wireless Utility architecture allows hospitals to deploy an array of wireless applications and devices for real-time clinical communications, monitoring and therapy, as well as wireless building services, on a unified, common wireless infrastructure. In addition, the InnerWireless utility includes a portfolio of services to assist hospitals with the planning, deployment and management of their wireless environment.

“We are making a significant investment in our healthcare business by adding a highly skilled and experienced healthcare team to address the unique challenges of the healthcare market. In conjunction with strategic alliances, our growing list of industry-leading information systems, medical device, and technology ecosystem partners, we are committed to delivering clinical and business-impacting solutions to our customers,” said Rick Gentry , InnerWireless Vice President, Healthcare.

Leading healthcare institutions including Children’s Memorial Hospital of Chicago, Mountain States Health Alliance of Tennessee, and the newly opened University of Chicago Comer Children ’s Hospital are partnering with InnerWireless to meet their strategic and business objectives.

“We chose the InnerWireless system because it is meshed with our vision,” said Eric B. Yablonka, Vice President and CIO, University of Chicago Hospitals and Health System. “Specifically, we required a wireless distribution system that could make wireless work everywhere in the hospital, and we prefer to work with one company rather than several distinct vendors who wanted to build separate wireless networks.”

In addition to InnerWireless’ current investors, the Series C funding marks the initial investment in InnerWireless by Centennial Ventures, a leading venture capital firm that invests in emerging network and enabling software companies. Centennial Ventures has invested in more than 100 communications and related companies. In connection with the Series C investment, Centennial Ventures Managing Director, David Hull, joins the InnerWireless board of directors. Hull is based in Houston, and has more than 25 years of successful venture experience.

“We’re seeing a number of new wireless applications being introduced to the workplace, and that translates into the need for ubiquitous wireless coverage and high reliability in any modern building,” Hull said. “We are pleased to join the InnerWireless board, and we believe that Centennial’s experience on the carrier side of the wireless business will help create value for InnerWireless.”

InnerWireless CEO Ed Cantwell added: “We plan to utilize the investment to further accelerate the company’s growth and expansion into new markets. The proliferation of wireless services, applications and devices will drive the need and required investment in enabling infrastructure technologies.”

About InnerWireless
InnerWireless deploys its unified broadband wireless distribution platform in hospitals and large commercial buildings to support a full range of wireless services and applications. InnerWireless , which guarantees wireless coverage inside buildings ranging in size up to 10 million square feet, is properly engineered to accommodate wireless systems essential for:

  • Interpersonal Communications including PCS/cellular, messaging/personal data, enterprise voice, and paging
  • Clinical Operations including wireless infusion therapy/medical administration, enterprise/clinical data, WMTS and portable patient monitoring, and people and asset tracking
  • Building Operations including building automation, security and first-responder communications, and push-to-talk radios

For more information about InnerWireless , see www.InnerWireless.com

Media Contact:
Tony Katsulos
Trinity PR for InnerWireless
972-788-9456, ext. 301
katsulos@trinity-pr.com