Silicon Valley Bank provided a $45 million Senior Credit Facility to support Vector Capital's recent acquisition of Motorola Solutions' Point-to-Point (PTP or Orthogon) and Point-to-Multipoint (PMP or Canopy) Wireless Broadband Networks businesses. The businesses will operate as a single standalone company called Cambium Networks.
has obtained a $45,000,000
Senior Credit Facility
to acquire
October 2011
Provided by:
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About Silicon Valley BankSilicon Valley Bank is the premier commercial bank for companies in the technology, life science, cleantech, venture capital, private equity and premium wine industries. SVB provides a comprehensive suite of financing solutions, treasury management, corporate investment and international banking services to its clients worldwide. Through its focus on specialized markets and extensive knowledge of the people and business issues driving them, Silicon Valley Bank provides a level of service and partnership that measurably impacts its clients' success. Founded in 1983 and headquartered in Santa Clara, Calif., the company serves clients around the world through 26 U.S. offices and international operations in China, India, Israel and the United Kingdom. Silicon Valley Bank is a member of global financial services firm SVB Financial Group (Nasdaq: SIVB), with SVB Analytics, SVB Capital and SVB Private Bank. More information on the company can be found at
www.svb.com.
About Cambium NetworksCambium Networks provides world-class fixed wireless broadband solutions and services for customers around the world with its leading portfolio of unlicensed, licensed and defined use band products. Deployed in thousands of networks in more than 150 countries, the company's products include Orthogon point-to-point radios and Canopy point-to-multipoint access solutions. Cambium Networks was spun out of Motorola Solutions as an independent company in October 2011. For more information, please visit
www.cambiumnetworks.com.
About Vector CapitalWith over $2 billion of capital, Vector Capital is a leading global private equity firm specializing in spinouts, buyouts and recapitalizations of established technology businesses. Vector identifies and pursues these complex investments in both the private and public markets. Vector actively partners with management teams to devise and execute new financial and business strategies that materially improve the competitive standing of these businesses and enhance their value for employees, customers and shareholders. Among Vector's notable investments are Aladdin Knowledge Systems, Certara, Corel, Gerber Scientific, LANDesk, Precise Software Solutions, Printronix, RAE Systems, Register.com, SafeNet, Savi Technology, Tidel. Trafficmaster, WatchGuard Technologies, and WinZip. For more information, visit
www.vectorcapital.com.