Siemens Venture Capital Joins List Of Leading Investors Committed To Propagate's AutoCell

6-Oct-04

Propagate Networks, Inc., today announced that Siemens Venture Capital has joined its group of industry leaders investing in its embedded cognitive radio software, AutoCellô. Propagate has raised approximately $14 million in venture funding to date and will use the financing to expand its sales, marketing and engineering resources in the United States and the Asia Pacific region. ""As the business and consumer Wi-Fi market continues to grow, we see an increasing need for systems to make sense of the ensuing radio chaos,"" said Louis Rajczi of Siemens Venture Capital. ""Propagate's AutoCell is the only low-cost, embeddable technology powerful enough to bring order to Wi-Fi networks at prices consumers can afford."" ""Propagate is committed to making the Wi-Fi experience as painless as possible so business and home users can simply plug in a new access point and never worry about performance brownouts, neighboring interference and administrative headaches,"" said Gary Vacon, CEO of Propagate Networks. ""We look forward to working closely with Siemens and other investment partners to bring AutoCell closer to ubiquity and making it the de facto standard in all Wi-Fi-enabled consumer and business products."" Propagate's AutoCell is lightweight, cognitive radio software embedded in wireless access points and clients (desktops, laptops, PDAs, cordless phones and home entertainment systems). AutoCell creates self-configuring wireless networks that automatically avoid radio frequency interference.For more information on Propagate, please visit http://www.propagatenet.com

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