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Insight Marketing - Client News
Tuesday, January 31, 2006
RED-M GROUP EXTENDS FUNDING ROUND TO £5.4m

Additional £0.75m of development capital to expand wireless experts' product
range and sales and marketing activities

January 31, 2006 - Red-M Group, a leading provider of services and products
for managing wireless infrastructure, today announced the company has
secured a further £0.75m ($1.4m) investment from Close Venture Management.
This latest funding successfully completes a private equity investment round
of £5.4m ($9.7m) led by Pi Capital. Other investors included Octopus Asset
Management and existing investors, Funds managed by Apax Partners, and
Interregnum plc.

Dave Richmond, Chief Executive Officer, Red-M Group said "The rapid increase
in the use of wireless communications of many different types creates a need
for organisations to manage the wireless activity in and around their
buildings. This funding will enable Red-M to accelerate the development of
our Total Airspace Management(tm) services and products, to help more
customers make their airspace pay. Our unique ability to deliver these
solutions is reflected in our quality customer base. In addition, this
capital will allow us to extend our reach beyond the U.K."

Red-M provides software products and services for the wireless market and
designs, implements and manages wireless networks across the spectrum of
commercially used radio frequencies for blue chip clients. The company was
formed in April 2005 by the merger of Cellular Design Services (CDS), a
wireless consulting services provider, and Red-M Communications, a vendor of
wireless security probes and monitoring software.

Wireless is one of the fastest growing IT markets and Red-M products and
services already have a proven track record with customers including
airports operator, BAA, property companies such a British Land and
Hammersons, telecoms operators including O2, T-Mobile, 3 and BT Wholesale,
and government agencies.

Commenting on the announcement, Andrew Elder of Close Venture Management
said: "Red-M is operating in a rapidly developing market, and is well
positioned to exploit the ever increasing opportunities, as demand for
wireless management services grow. This funding will facilitate the
company's development and expansion, and is underwritten by the new and
highly experienced management team on board."


- ends -

About Red-M Group Ltd
Red-M designs, delivers and manages multi-spectrum wireless infrastructures
in challenging environments, for mission-critical applications. The
company's portfolio of services, delivered using a structured approach known
as Total Airspace Management (TAM), is underpinned by unique software tools
and products incorporating Red-M's specialist wireless knowledge. Red-M's
TAM approach has been applied for major enterprises, network operators and
the public sector. The Red-M Group was created by the merger in April 2005
of Red-M (Communications) Ltd and CDS Ltd, founded in 1999 and 1995
respectively. Visit http://www.red-m.com


About Close Venture Management
Close Venture Management ("CVM") is one of the longest running and most
successful venture capital outlets in the U.K. Formed in 1996 as a wholly
independent division of Close Brothers Group plc, CVM currently manages a
portfolio of six Venture Capital Trusts (VCTs), which have raised a total of
£260 million to date.

Close's success in the marketplace has been universally recognised and in
2005 alone CVM was named Best VCT Provider by Professional Adviser and VCT
Manager of the Year at the Growth Company Investor Awards. CVM has again
been named Best VCT Provider in the Professional Adviser Awards 2006 .

The core investment strategy of all of the six funds is to offer investors
lower investment risk, whilst providing higher dividend yield and sustained
capital growth. CVM's funding capability ranges from £1 million to £10
million. Larger investments tend to be strongly asset-backed while at the
smaller end of the funding scale Close looks at second or third round
technology propositions. Finally, in the middle ground (investments of
between £1 and £5 million) Close is focused on mainstream growth capital and
smaller MBOs. CVM can be reached on 0207 422 7830. Further information is
also available on http://www.closeventures.co.uk

Press Contacts:
Ann Fielder / Kate Smith
Insight Marketing and Communications
0208 564 6385 / 01625 506 420
afielder@insightmkt.com / ksmith@insightmkt.com

 
Monday, January 23, 2006
RED-M GROUP APPOINTS NEW CHAIRMAN

Founder of Bulldog Communications leads the board at wireless company

London - 23 January 2006 - Red-M Group, a leading provider of services and
products for managing wireless infrastructure, today announced the
appointment of industry veteran, Richard Greco, as Chairman of the Board of
Directors. With over 25 years experience in telecommunications Richard is
ideally placed to take the position of chairman within Red-M, using his
understanding of the industry to help guide the company to success in a
dynamic marketplace.

"I am delighted to be joining Red-M at such an interesting time in the
growth of the wireless market," said Richard Greco. "With so many new forms
of wireless communication, businesses really need to focus on managing
their airspace. With its Total Airspace Management offering and underlying
technologies, Red-M is well positioned for rapid growth and I am pleased to
be a part of that."

Richard was the Founder, Chairman and CEO of Bulldog Communications Limited,
a UK based provider of broadband services which he sold to Cable and
Wireless in May 2004. Prior to Bulldog, Richard was CEO and Director of
NASDAQ listed, UK-based, ICO Global Communications a global mobile satellite
services provider. Prior to ICO, Richard served as President of NASDAQ
listed Orion (Loral-Cyberstar), the world's leading provider of
satellite-based internet connectivity services. Richard also spent 10 years
at Northern Telecom (Nortel) in senior global marketing, sales and general
management positions.

"Richard has a proven track record in developing telecommunications
businesses", said David Richmond, CEO of Red-M Group. "His broad experience
will be of incomparable value to our board as we plan our growth. We welcome
Richard's leadership as Chairman of Red-M's board."

- ends -

About Red-M Group Ltd
Red-M designs, delivers and manages multi-spectrum wireless infrastructures
in challenging environments, for mission-critical applications. The
company's portfolio of services, delivered using a structured approach known
as Total Airspace Management (TAM), is underpinned by unique software tools
and products incorporating Red-M's specialist wireless knowledge. Red-M's
TAM approach has been applied for major enterprises, network operators and
the public sector. The Red-M Group was created by the merger of Red-M
(Communications) Ltd and CDS Ltd, founded in 1999 and 1995 respectively.
Visit http://www.red-m.com

Press Contacts:
Kate Smith / Ann Fielder
Insight Marketing and Communications
+44 (0) 1625 506 420 / +44 (0) 208 564 6385
ksmith@insightmkt.com / afielder@insightmkt.com

 
Wednesday, January 18, 2006
Intergence enters 2006 buoyed by success


18 January 2006 - Intergence Systems, the Cambridge based network
consultancy, has entered the New Year with a number of significant
achievements under its belt and set to attain further success in 2006.

Intergence has announced the opening of a new office in New York. "This
reflects our global customers' requirements for network architecture
consultancy of the highest calibre," said Peter Job, managing director and
CEO, Intergence Systems. "Many of our clients are global with a significant
presence in North America. This capability will allow us to help satisfy
those requirements in their primary markets"

Formed in 2003, Intergence has grown over 500% from 4 employees to 25 and
recently moved into new larger offices in Cambridge. Peter Job said, "The
new office is double the size of our previous location and reflects the
growth in our business during 2004 and early 2005. We now plan to double
our revenue in 2006 and achieve £24m turnover within three years."

Intergence provides network consultancy to corporate organisations,
typically in the financial community, service providers and mobile
communications industry and has changed its offering to reflect customer
requirements. "Customers sometimes find it difficult to understand networks
and the different technologies so we make it easier by demystifying and
explaining the options available. We are very proud of the strong
partnerships we have with our clients, companies such as Reuters, Equant,
NATS, Cisco and Cable & Wireless," said Peter Job. "We don't offer a
pre-packaged range of services but prefer to develop long-term relationships
with our customers, adding value by understanding their business
requirements and responding with technically excellent solutions that meet
their expectations."

- ENDS -

About Intergence Systems
Intergence Systems provides a range of IT consulting services aimed at
optimising the corporate network infrastructure. Our knowledge and skills
enable us to not only design and build the best technology architecture for
our clients, but also to project manage any size of migration to the new
architecture. Services include design, build, migration, support, change
management, and security. For more information, visit
http://www.intergence.com

Press contacts:
Ann Fielder / Natalie Gross
Insight Marketing and Communications
0208 564 6385 / 01625 506 427
afielder@insightmkt.com / ngross@insightmkt.com

 

This feed contains news releases issued by the technology clients of Insight Marketing and Communications Ltd

www.insightmkt.com





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