Palo Alto, CA – March 30, 2018 – iS5 Communications Inc., a Canadian-based network company which develops and manufactures Intelligent Industrial Ethernet products and provides integrated services and solutions for mission critical infrastructure networks, closes an investment round with PHOENIX CONTACT Innovation Ventures GmbH, the global corporate venture capital company of the PHOENIX CONTACT Group, a global manufacturer and supplier of components and systems for electrical connection and industrial automation technology. The growth capital will be used for establishing a sales force and marketing efforts for their new platform RAPTOR™
iS5Com recently launched its exciting RAPTOR™ Series Platform at Distributech in San Antonio, Texas. RAPTOR™ provides users the ability to securely connect and manage their mission critical networks. With this new funding round, iS5Com is well positioned to execute its market penetration strategy together with an established Corporate Venture Capital Fund. PHOENIX CONTACT Innovation Ventures GmbH will support this development with its industrial expertise, technical know-how, and global market presence.
PHOENIX CONTACT Innovation Ventures GmbH Managing Director Marcus Böker said in a statement, “The new product series of RAPTOR™ with its modularity and specific design is currently very unique in the market. The hardware and software in combination with the platform approach developed for different markets has convinced us from the first minute. The know-how of iS5Com together with Phoenix Contact will result quickly in positive results.”
Founder and CEO of iS5 Communications Inc. Clive Dias said in a statement, “I am very excited to have PHOENIX CONTACT Innovation Ventures GmbH as an investor and partner. PHOENIX CONTACT brings incredible reach, technology, and experience to our company. The investment will help accelerate the further development and growth of Raptor™; and it allows us to showcase our own innovative technology and solutions.”
Woodside Capital Partners served as the exclusive financial advisor to iS5 in this transaction.
About iS5 Communications Inc.
iS5Com is a global provider of integrated services, solutions, and a manufacturer of Intelligent Industrial Ethernet products. Our products are designed to meet the stringent demand requirements of utility sub-stations, roadside transportation, rail, and industrial applications. iS5Com’s services and products are key enablers of advanced technology implementation such as the Smart Grid, Intelligent Transportation Systems, Intelligent Oil Field, and Internet of Things. All products have the ability to transmit data efficiently without the loss of any packets under harsh environments and EMI conditions. iS5Com is headquartered in Mississauga, Ontario, Canada.
About PHOENIX CONTACT Innovation Ventures
PHOENIX CONTACT Innovation Ventures GmbH is the global corporate venture capital company of the PHOENIX CONTACT Group, a global manufacturer and supplier of components and systems for electrical connection and industrial automation technology. The venture capital company invests in startups with business models that are related to electrical connection technology, industrial digitization, automation and control technology, and associated markets. www.phoenixcontact-innovationventures.com
About Woodside Capital Partners
Woodside Capital Partners is a global, independent investment bank that delivers world-class strategic and financial advice to emerging growth companies in the technology and life sciences sectors. With a strong track record in M&A, strategic partnerships and private placements, Woodside Capital Partners has been providing worldwide investment banking services since 2001 with leading domain experience in software, Internet services, electronic communications and materials, and healthcare. Woodside Capital Partners is headquartered in Silicon Valley, with an office in London. Securities offered through Woodside Capital Securities LLC, member FINRA/SIPC. For more information, please visit www.woodsidecap.com
To learn more please contact:
Jon Thomas
Managing Director, Financial Sponsors/Special Situations
Woodside Capital Partners International LLC
[email protected]
(650) 513-2763
About Woodside Capital Partners
Woodside Capital Partners is a global, independent investment bank that delivers world-class strategic and financial advice to emerging growth companies in the technology and life sciences sectors. With a strong track record in M&A, strategic partnerships and private placements, Woodside Capital Partners has been providing worldwide investment banking services since 2001 with leading domain experience in software, Internet services, electronic communications and materials, and healthcare. Woodside Capital Partners is headquartered in Silicon Valley, with an office in London. Securities offered through Woodside Capital Securities LLC, member FINRA/SIPC. For more information, please visit www.woodsidecap.com
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Woodside Capital Partners delivers value-added M&A advisory services for emerging growth companies, and is the headquartered in Silicon Valley, with an office in London. Securities transactions are offered through Woodside Capital Securities LLC, a registered broker-dealer and member of FINRA and SIPC, and through Woodside Capital Partners UK LLP, a financial services firm authorized and regulated by the FSA. Woodside Capital Securities LLC and Woodside Capital Partners UK LLP are affiliated companies.
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