1 July 2009
Cambridge, England, 1st July 2009 – CRFS, the developer and manufacturer of innovative RFeye® real-time spectral monitoring and management tools, has announced an investment by Succès Europe a Sophia Antipolis based European investment holding created by and for entrepreneurs
Candace Johnson, President Succès Europe, said:
“Succès Europe is delighted to be one of the first major investors in CRFS. CRFS was one of 21 companies chosen for investment out of more than 200 possible investment candidates across Europe in the fields of CleanTech, MedTech, ICT, and B2B. The company's management, business plan, innovation, technology, progress to date and addressable market thoroughly convinced us of their potential and ability to become a world-class company.”
Alistair Massarella, CEO of CRFS, said:
“We are very pleased to welcome Succès Europe as investors in CRFS. Our innovative RFeye® distributed spectrum monitoring systems are finding wide acceptance amongst telecoms regulators, and users of spectrum worldwide, and we are also seeing increased interest in our products from military and homeland security customers. Our systems provide significantly more information on real-time spectrum usage, and at a lower cost, than traditional spectrum monitoring solutions. The potential for CRFS to be a ‘game-changing’ influence on the way spectrum usage is measured is enormous.”
David Cleevely, Chairman of CRFS added:
“The investment from Succès Europe shows how Angel investing can be truly international. Cambridge and Sophia Antipolis have been working together now for some time and I am delighted with this outcome which establishes CRFS as a truly European company. Angel investors bring more than just money – they are invaluable sources of advice and contacts, and links like this are hugely valuable. I welcome this endorsement of CRFS and look forward to working with all our investors to ensure the growth and success of the company.”
— Ends
Stirling Essex, CRFS
T +44 1223 815510
E enquiries@crfs.com
Succès Europe is a Sophia Antipolis based European investment holding focusing on early-stage investments in the CleanTech, MedTech, ICT and B2B sectors. The founding shareholders and Investment Committee are all serial entrepreneurs or international managers and have founded or been heavily associated with such success stories as SES, GemPlus, Kaerys, COMEX, Adobe, MicroSoft, Nokia, LavaLife, etc. Succès Europe has an active investment philosophy which foresees using the experience, expertise, and network of their founding shareholders and Investment Committee to help their investee companies to global success.
For more information, please contact info@succes-europe.net
CRFS is a privately-held developer and manufacturer of innovative real-time spectral monitoring and management systems for customers including national regulatory agencies, wireless network operators, defence forces and government agencies. The company has its headquarters in Cambridge, UK
The RFeye system is based on distributed networks of low cost, broadband, fixed or mobile, autonomous, intelligent nodes. Each RFeye node is a robust, GPS-equipped real-time spectrum analyser, which can be linked via any fixed or wireless IP-based backhaul network to provide rich and complete contextual information that amounts to a revolution in spectrum monitoring.
The RFeye system includes a range of sophisticated and powerful data management and visualisation tools. Applications include interference detection, spectrum license enforcement, military and intelligence uses, cell planning, RF environment checks and remote site monitoring.
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