Liberty Global invests in Technetix
July 5, 2016
Technetix, a global broadband cable network transmission technology provider, has raised £7.5million (€8.7m) in strategic funding by new investor, Liberty Global Ventures, the global investment fund owned by Liberty Global. Technetix supplies critical headend and access transmission systems for fibre and HFC (hybrid fibre coax) networks. The investment will enable further market traction and a broader range of business opportunities giving our customers an unparalleled range of solutions.
Paul Broadhurst, CEO of Technetix said “We are excited about receiving this investment and further cementing the already close relationship we have with Liberty Global. We are resolutely focussed on delivering the next generation technology platforms to market which form a key part of our customers’ networks allowing expansion, better efficiency while minimising total cost of ownership. The funding will assist in scaling our business in all areas to meet future growth”
Colin Buechner, MD Access Network of Liberty Global, said, “Liberty Global Ventures invests in companies which provide high strategic value to our markets. Technetix is a key partner to Liberty Global delivering unique expertise and technology know-how. We look forward to partnering even closer with Technetix as a result of this investment.”