Calnex secures £1million funding
January 2008
Calnex Solutions, based in Linlithgow, has raised £1million in private and public funding, enabling the company to launch a range of products into the test instrumentation market.
The investment was led by Dundee based angel investor network Discovery Investment Fund
It includes SPUR support and matched equity funding from Scottish Enterprises' Co-Investment Fund with Dundee-based corporate finance boutique DC Consulting involved in organising the deal on behalf of Calnex.
Calnex was founded by Tommy Cook, who spent 20 years with global electronics firm Agilent. Calnex's devices will enable manufacturers of telecoms equipment to test, verify and validate their products' compliance with international standards. The market is estimated to be worth £125m over the next three years, with Calnex estimated "to be two years ahead of its nearest competitor". "The latest package of funding will enable Calnex to move to the next stage of its development very quickly," said Cook. Since being formed in 2005, Calnex has worked in close partnership with DC Consulting to raise money from Scottish Seed Fund, which provided the platform for this investment round.
January 2008
Calnex Solutions, based in Linlithgow, has raised £1million in private and public funding, enabling the company to launch a range of products into the test instrumentation market.
The investment was led by Dundee based angel investor network Discovery Investment Fund
It includes SPUR support and matched equity funding from Scottish Enterprises' Co-Investment Fund with Dundee-based corporate finance boutique DC Consulting involved in organising the deal on behalf of Calnex.
Calnex was founded by Tommy Cook, who spent 20 years with global electronics firm Agilent. Calnex's devices will enable manufacturers of telecoms equipment to test, verify and validate their products' compliance with international standards. The market is estimated to be worth £125m over the next three years, with Calnex estimated "to be two years ahead of its nearest competitor". "The latest package of funding will enable Calnex to move to the next stage of its development very quickly," said Cook. Since being formed in 2005, Calnex has worked in close partnership with DC Consulting to raise money from Scottish Seed Fund, which provided the platform for this investment round.
Calnex’s Paragon is the world’s first test solution that enables you to offer independently proven sync-over-packet and packet-transport products that not only meet industry standards, but reliably work under real-world conditions too.
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