Advent invests in Airwide Solutions

Airwide Solutions, a global leader in providing mobile infrastructure software to enable, enhance and ensure mobile communications for wireless operators, today announced it has secured $25m in Series D funding. The financing was led by a new investor, Advent International, with participation from existing investors Artiman Ventures, Axiom Venture Partners, Key Venture Partners, and Kodiak Venture Partners. Airwide plans to use the investment to fund its continuing growth and expansion, to support new product developments and to pursue strategic opportunities.