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Nomadix in Wi-Fi Deal with Eleven Wireless

Nomadix, a supplier of public-access products such as gateways and embedded software applications, said it has entered into an integration partnership with Eleven Wireless, a Portland, Ore.-based provider of software for Wi-Fi network management.

Under the terms of the deal, Eleven will provide its ElevenOS Wi-Fi operations platform for integration into Nomadix’s Gateway products. The integrated product will be targeted at network operators to enable account management, authentication, and billing applications.

Founded in March 2002, Eleven Wireless is now exploring its first institutional financing. Josh Friedman, chief executive officer, said he targets $1 million for sales as well as continued product development. Mr. Friedman co-founded Eleven with Andrew Yorra, vice president of sales and business development, and Joshua Blank, vice president of research and development.

Eric Rosenfeld, former vice president of marketing at Mentor Graphics, serves as chairman of the board at Eleven; he is an investor. The ElevenOS platform is designed as a hosted product for use by carriers, retailers, and wireless ISPs.

Founded in 1998, Nomadix has raised about $40 million to date. It is backed by AvTech Investments, BancBoston Robertson Stephens’ Bayview Partners, Intel Capital, ITX International Equity Corp., Keystone Venture Capital, Mellon Ventures ll, Spinner Asset Management, and Smart Technology Ventures.

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Posted on Thursday, June 19, 2003 (Archive on Friday, June 18, 2004)