Finnish mobile communications provider Radiolinja acquires Flash Networks solutions

Israeli firm's NettGain accelerates data transmission over wireless networks
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Finland's second biggest mobile communications provider Radiolinja is using GPRS solutions made by Flash Networks, the Israeli startup announced on Monday.

Radiolinja, which has about 1.5 million subscribers, will be integrating the NettGain solutions to provide wireless Internet services. The solutions accelerate data transmission over cellular networks.

Herzliya-based Flash Networks said the project is long-term and should initially generate a few hundreds of thousands of dollars.

Flash Networks was founded in 1996. Its goal is to accelerate the transmission of satellite and cellular communications. The company maintains offices in Herzliya and Holmdel, New Jersey.

In April last year Flash Networks secured $9.5 million at a post-money company value of $27 million. Investors included Vertex Management, Concord Ventures, Giza GE Venture Fund, the Challenge Fund (Etgar), and Gilat Satellite Networks (Nasdaq:GILTF).

Its customers include AT&T Corporation (NYSE:T), General Motors (NYSE:GM), the Asiatic branch of Electronic Data Systems (NYSE, LSE:EDS), Cable & Wireless (LSE:CW), NTT, Novtel Wireless, and Shin Satellite from Thailand.