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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 |
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