Deals

Amadeus phones home

Internet protocol takes centre stage in Amadeus follow on funding of ip.access, which provides a seamless transition between mobile and home broadband for mobile phone users.

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Amadeus Capital Partners, a UK venture firm, has led a follow-on $10 million round in ip.access, a business whose technology allows 3G mobile phone users to tap into their home broadband connection and make calls or watch video. 

Intel Capital, Rothschild & Cie Gestion and Scottish Equity Partners, all existing investors, are also participating in the financing.

The new funding brings the total venture capital raised by the company to date to $27 million.  The business currently has an annual revenue run rate of $25 million and aims, with the launch of its 3G product, to increase that to over $100 million. 
 
User trials are expected to commence in the middle of this year, with rollout to the consumer in early 2008.

Stephen Trombala of Shepherd and Wedderburn advised Amadeus and Eversheds acted for ip.access.


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