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4RF receives significant investment to accelerate growth


4RF receives significant investment to accelerate growth

Investment from Fortissimo Capital supports next phase of company’s product development and sales expansion

31 July 2012: 4RF Limited, the developer of high performance radio communications equipment for critical infrastructure applications, announces investment from leading private equity fund Fortissimo Capital. As a result 4RF will expand its workforce and accelerate the company’s product development and sales globally.

4RF, headquartered in Wellington, New Zealand, develops and manufactures highly robust radio communications equipment for utility, public safety and oil and gas applications. With this funding, the company’s customers in more than 130 countries around the world will benefit from a greatly accelerated company Growth Plan, with an expanded product range and faster time to market.

Ian Troughton, CEO of 4RF Limited, comments: “We are seeing a huge demand for our products, and in the last year our sales have increased by nearly 60%. We are absolutely thrilled that a leading growth investor in the world’s second largest venture capital market, and indeed the recognised home of wireless technology, has chosen to invest in New Zealand technology. This investment by Fortissimo marks the end of a process that we started almost a year ago. Fortissimo is an ideal partner for 4RF as they share our vision for growth. This is great news for our customers – with Fortissimo we will be able to accelerate our delivery of new products to the market.”
4RF is accelerating its growth in three ways:

Speeding up the development and launch of next generation products through a doubling of the Wellington-based R&D team
Adding new variants to the existing product range to address new geographies
Growing sales, marketing and systems engineering to support new business

4RF’s radio communications products are renowned throughout the world for their robustness and reliability, RF (radio frequency) performance and ease of use through their built in, intuitive software management application. The company’s product portfolio comprises a point-to-point wireless microwave link, the Aprisa XE, and a point-to-multipoint SCADA / telemetry radio for utility applications, the Aprisa SR.

Yuval Cohen, Founding and Managing Partner of Fortissimo Capital, comments: “Our speciality is investing in companies that are at an inflection point: with a solid customer base, proven sales of world leading technology and a requirement for growth capital to further enhance operations. We invest in world-class companies and we are delighted to have found in 4RF a New Zealand company that has developed a family of world-class wireless products that can address a large and growing global smart grid market. 4RF has a great management team, products of a supremely high standard and blue chip customers throughout the world. We have huge growth expectations for 4RF and we look forward to working closely with the team over the coming years.”

ends

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