Navini Networks was a company that developed an Internet access system based on WiMAX wireless communication standards. This access system was subsequently acquired by Cisco Systems in October, 2007.
Company
In January 2000, Wu-Fu Chen and Guanghan Xu formed Navini Networks and developed a wireless Internet access system. The company was based in Richardson, Texas and was privately funded by several investment-funds.[1]
In 2001 it was awarded the 'Start-Up of the Year' award by KPMG and in 2002 it won some national and regional prizes. Between the formation and early 2003 it attracted $66.5 million from private investors and employed 130 employees.[1]
When it was sold in October 2007 for $330 million to Cisco Systems, Navini had 70 customers.[2] A Navini customer would be an