MARLBOROUGH, Mass.–(BUSINESS WIRE)–Communication Expertise Companies (CTS), a U.S. supplier of wi-fi infrastructure companies, has acquired an fairness funding from Astra Companions I, the flagship fund of Astra Capital Administration (Astra), a personal fairness agency that invests in development companies within the communications and know-how companies sectors. Phrases of the transaction weren’t launched.
Established in 1990 and based mostly in Marlborough, MA, CTS gives a variety of important wi-fi services and products, together with the design, set up and operation of in-building wi-fi networks and know-how. CTS permits mobility for hundreds of thousands of IoT units, sports activities followers, vacationers, college students and employees to entry safe wi-fi networks at 1000’s of main stadiums, airports, factories, hospitals, high-rises, campuses and enterprises throughout North America.
CTS Chief Government Officer John Tegan III mentioned, “The mobility trade is shifting, and mobile protection inside buildings and enormous services is changing into mission-critical. This funding from Astra permits CTS to proceed to scale and strengthens our management place within the mobility market. It will higher allow us to help our clients in navigating these ever-changing and evolving technological advances, whereas additionally accelerating the event of latest service choices associated to the emergence of personal wi-fi networks.”
Astra Co-Founder and Managing Companion, Mark Johnson, famous, “This partnership makes excellent strategic sense and can assist CTS obtain the following stage of innovation and development. We’re proud to again John and his group as the corporate turns into an excellent stronger vendor, associate and buyer.”
- CTS is a supplier of in-building and campus wi-fi companies with 1000’s of deployments throughout North America
- Communications and know-how investor, Astra, brings capital, experience and international community, fostering development
- CTS permits safe, dense, and mission-critical wi-fi connectivity for main stadiums, airports, factories, hospitals, high-rises, campuses and enterprises
- Rising complexity of 5G deployments will increase the necessity for in-building and campus capability and protection options
- The event of personal networks has supplied corporations with new choices for safe, dependable, and excessive bandwidth wi-fi functions
About Communication Expertise Companies
Communication Expertise Companies, recognized within the trade as CTS, is the trade chief and a trusted integrator for all main wi-fi service suppliers, having efficiently deployed over 9,000 distributed antenna programs nationwide. With nearly three a long time of historical past, CTS is designing, constructing, managing, servicing and consulting on DAS tasks, giant and small, throughout all vertical markets nationwide. Constructing upon its strong expertise and information typically contracting, challenge administration and structured cabling, CTS has advanced into the premier supplier of companies for the wi-fi trade together with DAS, wi-fi LAN, and personal community/small cell options integrating public security, industrial mobile and different wi-fi applied sciences to supply world-class communication programs.
About Astra Capital Administration
Astra Capital is a Washington, DC-based, personal fairness agency that invests in development companies within the communications and know-how companies sectors. Astra targets extremely scalable corporations with confirmed enterprise fashions which have optimistic free money circulation and vital development potential. Put up funding, Astra works carefully with managers to drive worth creation via strategic repositioning, income development and operational enhancements. www.astracapitalmgmt.com
Statements included herein could represent “forward-looking statements”, which relate to future occasions, the longer term efficiency, or monetary situation of CTS following the funding by Astra Capital Administration. These statements usually are not ensures of future efficiency, circumstances, or outcomes and contain a lot of dangers and uncertainties. Precise outcomes and circumstances could differ materially from these within the forward-looking statements because of a lot of elements.