Schema Secures $25.8 Million to Fuel Expansion
2/12/2001


BRM Capital's Investment Emphasizes Strength of Wireless Sector, Confidence in Market's Outlook 

 

Roseland, N.J. - February 12, 2001 - Schema Ltd. and its fully owned subsidiary Schema Inc. (Schema), the leading provider of Telecom Resource Management (TRM) software solutions and services for wireless networks, has secured $25.8 million in third round venture capital financing.  Led by BRM Capital (www.brm.com), an active investor in start-up and growth stage infrastructure companies, the round also comprised investments from TL Ventures, a national venture capital firm focusing on information technology, life sciences and communications companies, and EnerTech Capital Partners, a private equity firm specializing in market opportunities in the energy, utility and telecommunication industries.  Proceeds from the round will support initiatives including a growing domestic and international presence, sales, marketing, and new product development.

Schema's third round of funding is evidence of the high level of confidence that the market has in its Telecom Resource Management (TRM) offering.  Furthermore, the company stands to benefit from the addition of new directors to its board from the participating investors.  Mike Mers, of BRM Capital, and William G. (Bill) Kingsley, of EnerTech Capital Partners, will join 'Schema's Board, and provide their expertise in developing the company as a dominant player in this space.

Schema is the only company that offers wireless carriers a completely integrated and enterprise-wide approach to network optimization that covers asset and frequency management, network planning and data restructuring.  Other solutions currently available on the market only address one segment of telecom resource management such as automatic frequency planning, or partial data acquisition.

"Schema's solution maps perfectly to the needs of today's telecom industry," said Mike Mers, Managing Director, BRM Capital.  "Its technology allows operators to adapt to accelerated subscriber growth, as well as the emergence of new innovations and value added services, while profitably managing their network resources.  This will make telecom companies more competitive.  We are very proud to add Schema to our growing portfolio of communications and wireless infrastructure companies."

"The future of wireless clearly lies in the ability to create enterprise-wide efficiency that yields a balance between both spectrum and capital resources," said Mark DeNino, Managing Director, TL Ventures.  "Schema is the undisputed leader in this respect with its unique approach to telecom resource management.  The company is well-positioned to capture this emerging niche and yield rewarding dividends to its shareholders."

"The trend in wireless is toward greater complexity and increasingly fierce competition, which means that operators must adopt operational and management tools capable of providing adaptable, capital efficient, solutions on the fly," said Bill Kingsley, Managing Director, EnerTech Capital Partners.  "Schema's TRM solution is by far the most powerful and visionary platform available, and the company stands poised to create new standards for network efficiency."

"Our proven record of success with existing customers demonstrates the validity of Schema's unique approach to wireless network resource optimization," said Dr. Yosi Ben-Dov, CEO, Schema.  "We are providing wireless operators with constantly updated information that is critical to improving business and maximizing available resources.  Even more importantly, we're delivering proactive tools to help them make decisions that enhance network service, capacity and end-user satisfaction while improving bottom line."

Demonstrating continued support of the company, existing Schema investors Walden Israel, The Challenge Fund, Gemini Israel Funds, Eurofund, and Docor International BV, also contributed to the current round of financing.


 

 

 




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