Aptilo Networks acquires municipal wireless firm Airpath Wireless
Airpath Wireless is one of a handful of companies in the United States that focuses on municipal broadband wireless. The company both deploys and manages city-wide wireless networks, and offers tools to monetize the service if desired.
Aptilo, which manages both standard wireless and WiMAX networks, plans on using the acquisition to strengthen its overseas presence. The company is based in Stockholm, Sweden, while Airpath has officed in Woburn, Mass. and Toledo, Ohio.
The terms of the acquisition were not disclosed. Airpath was funded by Boston Millenia Partners, an area private equity firm.
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About the Author, Chris Morrison
Chris Morrison writes about cleantech and environmental issues for VentureBeat, with occasional forays into gaming and semantic technology. He got his start writing about tech for Business 2.0 magazine, but quickly realized new media was the ticket when that institution closed its doors in 2007. Chris has also covered public equities and regulatory issues. He originally hails from southern Virginia, graduated from Evergreen State College in Washington, and now lives in San Francisco.