Relay2 today announced that it has appointed a new CEO and closed $10M in its fourth round of funding, positioning the company to grow its sales and marketing efforts and accelerate the expansion of the industry’s first Cloud-controlled WiFi services platform.
The company has appointed Greg Daily as Chief Executive Officer, who brings more than 25 years of management and executive experience, including leading private and public companies, strategy development, P&L, and executive sales management. Daily’s top priority will be to identify key market segments for the company’s innovative services platform and drive adoption and expansion in those markets.
“Relay2 has the ability to fundamentally change the way in which the industry utilizes the Cloud-managed wireless infrastructure, shifting the wireless LAN from simply a connectivity solution to a powerful WiFi-based service delivery platform that increases productivity and creates new revenue generation opportunities for service providers and end users,” explained Daily. “I’m honored to have the opportunity to lead the Relay2 team as we expand the adoption of our solution in the marketplace and introduce the industry to the next generation of wireless infrastructure technology.”
Relay2 also announced the closing of $10M in Series D funding during its fourth round of funding. The company is currently leaving the round open as the possibility exists that additional funding will be received.
Relay2 has developed a unique WiFi Services platform designed to enable Mobile Network Operators, Wireline Carriers and Managed Service Providers to monetize horizontal and vertical business applications and services on top of a high-performance Cloud WiFi access network delivered to their B2B and B2C enterprise clients.
The Relay2 Cloud WiFi Services solution allows B2C businesses such as retail, hospitality and public venues to deploy OTT WiFi services and mobile applications, including App distribution, advertising, O2O, multicast video and more with unprecedented network efficiency and performance. Similarly, B2B businesses can slash cost of ownership of distributed WLANs and seamlessly integrate office communications services such as site-to-site VPN and VoIP as part of a managed Cloud WiFi service.
Relay2 was founded in 2011 by technology leaders with backgrounds at Cisco, Juniper Networks, Nokia and Siemens, and is backed by internationally recognized, top-tier Silicon Valley venture capital firms.
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