Skyhook Wireless Named "Cool Vendor" by Leading Analyst Firm
Companies selected for “Cool Vendor Report” based on innovation, impact and intrigue
BOSTON – April 25, 2006 – Skyhook Wireless, provider of the industry’s first Wi-Fi based positioning system, today announced its has been included in the March 15, 2006 “Cool Vendors in Mobile and Wireless, 2006” Gartner report written by Monica Basso, research vice president, et al.
Skyhook Wireless provides a software-only positioning system that leverages a nationwide database of known Wi-Fi access points to calculate the precise location of any Wi-Fi enabled device. Its Wi-Fi Positioning System (WPS) is the first indoor-outdoor positioning system that utilizes Wi-Fi rather than GPS or cell towers, to accurately pinpoint location. The Skyhook solution brings accurate positioning capabilities in real world situations to hundreds of millions of existing devices.
"Over the past year, Skyhook Wireless has received more than $8 million in funding, announced initial customers, inked significant partnerships, and launched Loki, the free local search toolbar,” said Ted Morgan, Skyhook’s founder and CEO. “Recognition from Gartner as a cool vendor in our marketplace is another important milestone for us. We are pleased to see further recognition for our business.”
About Gartner’s Cool Vendor Selection Process
Gartner's listing does not constitute an exhaustive list of vendors in any given technology area, but rather is designed to highlight interesting, new and innovative vendors, products and services. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness of a particular purpose.
Gartner defines a cool vendor as a company, that offers technologies or solutions that are: Innovative, enable users to do things they couldn't do before; Impactful, have, or will have, business impact (not just technology for the sake of technology); Intriguing, have caught Gartner's interest or curiosity in approximately the past six months.
About Skyhook Wireless
Founded in 2003, Skyhook Wireless has pioneered the development of the first-ever metro-area positioning system that leverages Wi-Fi rather than satellites or cell towers to deliver precise location data supporting the growing market for location-based services. The Skyhook Wi-Fi Positioning System (WPS) requires no new hardware, works indoors and outdoors, provides an instant location and is more accurate than current technologies in congested downtown areas. WPS is currently available in the top 100 US metro areas and is on target to serve 70% of the US population by the end of 2006. Skyhook Wireless is headquartered in Boston, MA and is privately held. Investors include Bain Capital, Intel Capital and Nokia Innovent. For more information visit www.skyhookwireless.com , send email to info@skyhookwireless.com or call 617-314-9802.
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