Date: Sep 03, 2013 Source: Business Wire (
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VIENNA, Va.--(BUSINESS WIRE)--Shared Spectrum Company (SSC), the leading developer of embedded RF spectrum sensing software products and Dynamic Spectrum Access technologies, today announce that it raised a $3 million Series A round of growth capital funding from strategic investors with deep experience and core expertise in the government and commercial wireless markets.
"This investment in SSC will provide us with the resources, both capital and expertise, that we need to deliver further enhancements to our industry-leading spectrum sensing and management technologies, while driving it into broader use by both commercial and government entities."
The additional capital -- SSC's first outside investment -- will be used to fuel the company's continued growth, expand product development, scale industry partnerships and enhance its already substantial patent portfolio. SSC also will use the funding to hire additional key management and technical employees.
"As the demands for wireless connectivity continues to grow for consumers, businesses and governments, the need to manage our finite spectrum resources becomes ever more critical," said Thomas Stroup, CEO of SSC. "This investment in SSC will provide us with the resources, both capital and expertise, that we need to deliver further enhancements to our industry-leading spectrum sensing and management technologies, while driving it into broader use by both commercial and government entities."
About Shared Spectrum Company
Founded in 2000 and based in Vienna, Va., SSC is a leading developer of embedded RF spectrum sensing software products and innovative spectrum management solutions for commercial and defense wireless systems. Information is available at www.sharedspectrum.com.
Contacts
Shared Spectrum Company (SSC)
Media Contact:
Wills & Associates Public Relations
Brad Wills, 240-752-7171
bwills@wills-pr.com
