startupmania

Viola Private Equity has led a sixth investment round in Israeli start-up MobileAccess Networks. This last investment round brings the Lod-based start-up to a culminative investment sum of roughly $80 million, and joins Viola in partnership with existing investors: HarbourVest Partners, Pitango Venture Capital, Poalim Capital Markets and Ziegler Meditech Equity Partners who also participated in the current investment round. With the deal’s conclusion, Sami Totah and Harel Beit-On, general partners at Viola, will join the company’s board of directors, which is run by Ron Kaiser.

MobileAccess is a provider of infrastructure solutions for cellular and wireless coverage inside buildings. MobileAccess provides solutions for active cellular infrastucture that is capable of transferring a large number of services from several different providers, WIFI capabilities alongside cellular coverage and even a combined solution for wireless medical  monitoring services, meant to support medical checks on patients wirelessly.

“MobileAccess is the a technological leader in an attractive and growing market and is well set to enjoy the significant growth in information applications and the use of smart phones as a significant working tool. Mobility is becoming a necessary tool and thus, broadband coverage is needed anywhere, anytime,” said Totah.

Beit-On added that “MobileAcess has systematically shown leadership and innovation in the wireless industry. We believe the launch of MobileAccessVE, which allows in-building network layout over existing infrastructure, is a breakthrough solution that significantly lowers wireless costs inside buildings, and will send the company on a growth spurt.”

“Over 1500 business clients around the world utilize MobileAcess’ solutions to run their activities and answer their clients’ needs,” mentions Ron Kaiser, MobileAccess president and CEO. “The quick expansion of wireless networks in the workplace requires flexible cellular and wireless solutions, without limiting the applications chosen by the company. MobileAccess is capable of providing flexible solutions, easy to use which answer the technical and business needs of our clients.”

Kaiser added, “We welcome the partnership with Viola Private Equity and are sure that the Viola tema will fulfill an important role in the international growth and expansion of MobileAccess.”

This is the fourth investment of Viola Private Equity, which manages about $164 million. Its previous investments included Amiad Filtration Systems, Aeronautics and Orad Hi-Tec Systems.

Translated by Itai Rosenbaum