Archive for the ‘Gold Hill Capital’ Tag

Xirrus Ranked in the Top 10 of All Venture-Backed Companies

The Wall Street Journal Placed Xirrus 3rd Among Technology-based Venture-Backed Companies and 9th Among All Venture-Backed Companies

Xirrus®, the Wi-Fi “Power Play” that delivers the most coverage, bandwidth, and user density in the industry has been ranked by The Wall Street Journal 3rd among technology-based venture-backed companies and 9th among all venture-backed companies, showing once again the strength of their leadership team and continued growth in Wi-Fi networking. Xirrus’ ranking in The Wall Street Journal’s “The Next Big Thing – The Top 50 Venture-Backed Companies” was based on the success of its venture-capital investors (August Capital, Canaan Partners, Gold Hill Capital, InterWest Partners, QuestMark Partners, U.S. Venture Partners); the amount of capital raised over the last three years; the success of its founders and chief executive (Dirk Gates); the recent growth in the value of the company; and a qualitative ranking among the Dow Jones venture-capital reporters and editors.

“We are extremely pleased with the recognition by The Wall Street Journal for our leadership team and financial growth,” said Dirk Gates, founder and CEO of Xirrus. “Sales of our high performance Wi-Fi Arrays continue to grow significantly as more and more organizations see the value of Wi-Fi networking as a means to increase efficiencies of their users. Mobility is the growth area of enterprise telecommunications and Xirrus is the only Wi-Fi platform designed and implemented with the same distributed model as wired switching that puts the power and intelligence at the edge closer to the end user.”