ITT Industries

Submitted by root on Tue, 07/06/2010 - 16:45

Company: MeshNetworks

Strategic Partner: ITT Corporation

Activity: Licensed innovative radio technology to serve as the basis for enhanced wireless network systems 

Outcomes:

  • Attracted numerous strategic partners, including 3COM, Cisco, Maycom and Motorola
  • Raised over $30 million of private capital
  • Acquired by Motorola (NYSE:MOT) for $211 million within four year of founding