BOSTON — Chicago-based private investment firm Generation3 Capital, in partnership with WF Security Fund, an affiliate of Waveland Investments, has acquired a controlling interest in Fluidmesh Networks Inc.
Fluidmesh, a provider of wireless networking devices, will join Avrio RMS Group as part of Carrick Bend, a new company formed to offer wireless products, design assistance and other services.
“In today’s market, the ability to offer wireless solutions is mission critical for systems integrators large and small,” Cosimo Malesci, executive vice president of sales and marketing, Fluidmesh, said in a statement. “The reality of the situation is that a wireless system is still a risky proposition to many integrators. By leveraging the expertise across Carrick Bend, we can transform the relationships with our partners bringing them into new opportunities risk free.”
As a part of the move into Carrick Bend, Avrio RMS Group will no longer prime deals, according to Mark Jules, CEO of Avrio RMS Group and Carrick Bend.
“Avrio RMS Group engineers will now be a virtual extension to the engineering teams of all Fluidmesh channel partners,” he said. “Our pipeline now represents hundreds of projects that we will work on together with channel partners.”
Systems integrators and other resellers that purchase Fluidmesh products and solutions will receive “risk-free wireless” design services from Avrio RMS Group experts.
“We are very excited to work with Gen3, Waveland and Carrick Bend,” said Umberto Malesci, vice chairman of Carrick Bend. “Ultimately, our goal is to make wireless systems a better option for integrators and end users. We believe that risk-free wireless will do exactly that.”
