Trillion Closes Investment Round with Hexagon and Intel Capital
Wednesday, May 12, 2004 at 11:19
Details
Trillion Receives Strategic Investment of $4 Million from Intel Communications Fund and Hexagon Investments
AUSTIN , TEXAS – May 12, 2004 - Trillion today announced that it has closed a secondary round of funding with new investments from Hexagon Investments, a Denver-based investment group, and from the Intel Communications Fund, managed by Intel Capital. These investments follow $10.3 million in equity financing led by Meritage Private Equity Funds raised in September 2003.
“Trillion has a successful track record as a leading wireless broadband services provider to the education and public sectors,” said Bear Poth, President and CEO of Trillion. “Intel’s presence in the education sector and leadership in wireless technology are a natural fit with Trillion’s business.”
Trillion will utilize proceeds from the investment to scale operations in support of its rapid growth and expansion into new markets for wireless broadband services, high-speed Internet access and IP telephony solutions. In addition, Trillion is entering into joint initiatives with Intel related to the new 802.16 wireless technology known as “Wi-Max,” the expansion of Wi-Fi on school campuses, as well as the Intel Model School Program.
“Trillion plays a key role in providing the bandwidth and managed services that helps the education community achieve anytime, anywhere learning” said Terry Smithson, Intel’s education strategist.
Trillion has established a reputation as being innovative and successful in the area of implementing emerging wireless technology for WANs, LANs and broadband services for education and public sector organizations.
About Trillion
Trillion, headquartered in Austin, Texas, is a leading provider of wireless broadband services, high-speed Internet access and IP telephony solutions for education, government, municipalities, libraries, and medical facilities. Trillion specializes in designing, installing, operating, and maintaining wide and local area network systems that utilize state-of-the-art wireless technology. Trillion was formed in October 2002 as an affiliate of Trillion Digital Communications of Birmingham, Alabama. Investors in Trillion include Hexagon Investments, the Intel Communications Fund and Meritage Private Equity Funds. For more information, visit www.trillion.net or call (512) 334-4100.
About Hexagon
Hexagon Investments is a private investment company with a diversified asset base of public and private holdings. Hexagon’s private holdings include operating and for-sale real estate, oil and gas production and exploration properties, venture capital and private equity partnerships, early and growth stage operating businesses and various forms of financing arrangements. Hexagon maintains offices in Denver, Colorado and Milwaukee, Wisconsin.
About Intel Communications Fund
The $500 million Intel Communications Fund, managed by Intel Capital, was established in September 1999 and focuses on accelerating Intel voice and data communications and wireless networking initiatives. The fund targets companies developing basic communications and semiconductor components and boards, real-time operating systems, software tools and utilities, system level hardware and software, and wireless network services and channels. The Intel Communications Fund has made investments in 17 countries on five continents. For more information about the fund, visit:
http://www.intel.com/capital/portfolio/funds/icf.htm
