|
|
| Intellon Corporation Raises $18 Million in Financing |
|
Intellon | Ocala, FL | December 19, 2006
|
|
|
|
Intellon Corporation, the world leader in powerline communications technology, integrated circuit (IC) sales and product enablement, today announced it has raised $18 million in new equity financing. Samsung Ventures joins existing investors BCE Capital; Comcast Interactive Capital; Duchossois Technology Partners; EnerTech Capital; Fidelity Ventures; Goldman, Sachs & Co.; Intel Capital; Liberty Associated Partners, LP; Motorola Ventures, the strategic investment arm of Motorola, Inc.; TL Ventures; and UMC Capital Corporation in the financing round. The round was led by Goldman Sachs.
Intellon will use the new funds to accelerate the global rollout of its HomePlug® AV compatible ICs and to develop innovative new products to meet customer needs. Building on the company’s existing line of HomePlug 1.0 compatible ICs that are already being used on six continents for home networking, IPTV distribution, broadband over powerline (BPL) and commercial applications, Intellon’s HomePlug AV ICs enable whole-house distribution of high definition video and digital audio over existing home electrical wiring and coaxial cable, with robust quality of service and tight control of latency and jitter.
“Samsung Ventures is pleased to be investing in Intellon at this exciting time in the industry,” said Jay Eum, managing director of Samsung Ventures. “With Intellon’s release of the industry’s first HomePlug AV-based ICs, we look forward to evaluating opportunities for exciting new CE-class products in the future.”
“This new round of funding will help Intellon meet the exploding global demand for its HomePlug product line in the service provider, digital home and BPL markets,” said Charlie Harris, chairman and chief executive officer of Intellon. “We are particularly pleased to have Samsung Ventures join the Intellon investor group.”
About Intellon
Intellon is the world leader in standards-based integrated circuits for powerline communications, providing HomePlug® compliant and other powerline integrated circuits for home networking, networked entertainment, broadband over powerline (BPL) access and commercial applications. Intellon created and patented the baseline technology for HomePlug 1.0, and is a major contributor to the 200-Mbps HomePlug AV powerline standard. With over seven million HomePlug ICs sold, Intellon holds the dominant market share of the rapidly growing HomePlug market. The company was founded in 1989 and is headquartered in Ocala, Florida, with offices in San Jose and Toronto. For more information visit www.intellon.com.
About Samsung Ventures
Samsung Ventures America manages U.S. investment and investment-related activities for Samsung Electronics and Samsung Venture Investment Corporation from local offices in San Jose. The investment mandate for Samsung Ventures America tracks closely to the strategic priorities of Samsung Electronics’ core operating divisions, and encompasses investments in semiconductors, displays, telecommunications, and consumer electronics. Samsung Ventures America is currently actively investing in leading technology companies from a $400 million fund.
Intellon is a registered trademark of Intellon Corporation. HomePlug is a registered trademark of the HomePlug Powerline Alliance, Inc. All other trademarks are the property of their respective owners.
|
|
|
|
Intellon Website
|
|
