Fund helps Ubiquisys meet femtocell demand

Ubiquisys, the Swindon, UK-based developer of 3G femtocells, has completed a $9m funding round led by 5 Continents Consulting Group (5CCG), with participation from new investor Yasuda Enterprise Development, as well as existing investors Advent Venture Partners, Accel Partners and Atlas Venture. The capital will be used to accelerate the company's program to meet the demand for its femtocell technology - a demand that has partly been driven from new markets such as indoor hot-spots, metro and rural areas. In the past 12 months, SFR and Softbank have successfully launched Ubiquisys femtocells in France and Japan, respectively, driving strong revenue growth. Softbank is one vendor that is offering the Ubiquisys femtocells for free, increasing consumer demand further. In the same month, Public Wireless announced the commercial availability of its Public Wireless Cob-Node High Speed Packet Access (HSPA) metro femtocell. Specifically targeted for outdoor hotspot locations, it contains up to four of Ubiquisys' femtocells.