Company One of Ten Selected from More than 80 Applicants
Melbourne, FL – June 26, 2012 – Diametriq, a leader in solving LTE signaling network problems, announced today that it has been selected by the Technological Research and Development Authority (TRDA) and Space Florida to be a presenter at the Igniting Innovation (I2) Showcase to be held in Orlando at the Florida Hotel on September 21, 2012. The I2 Showcase will be a full-day of business presentations and exhibitions featuring some of Florida’s most innovative and promising technology companies.
“We are pleased to include Diametriq in this elite group of emerging companies,” said Chester J. Straub, Jr., executive director of the TRDA. “Diametriq’s technology is a critical part of the exploding mobile broadband network that is needed by mobile operators around the world.”
Diametriq is one of ten Florida-based companies selected from a pool of over 80 applicants to compete for the $100K cash prize and present to a national audience of angel and venture capital investors. Companies selected to present at the 2011 I2 Showcase have since received more than $35 million in funding or term sheet offers.
Diametriq, an innovator in LTE signaling control technologies, was launched in 2012 to focus on “Smart Signaling” solutions and meeting the ever increasing signaling traffic demands of 4G/LTE networks. The company was derived from key assets including executive leadership, engineering, and technologies from IntelliNet Technologies, a wireless solutions company founded in 1992. Diametriq boasts a high performance Diameter application platform that is already widely deployed by leading network operators around the globe.
“We are honored to present our company in this high profile showcase,” said Anjan Ghosal, president and CEO of Diametriq. “The TRDA has been very helpful in getting our company launched and headed in the right direction.”
Diametriq’s flagship product is its Diameter Routing Engine™ (DRE) which provides load balancing, roaming and interworking that can be customized to an operator’s specific requirements. The platform is flexible to meet the demands of today’s wireless operators that must manage the surge in signaling traffic brought about by the dramatic growth in smart phone, tablet and other wireless devices.
The Technological Research and Development Authority (TRDA) works with early-stage technology companies and entrepreneurs to accelerate their business planning, fundraising efforts, business development strategies and growth. Since its inception in 1987, TRDA has mentored hundreds of technology entrepreneurs and has supported over 175 new technology companies that have created more than 1,350 high wage jobs throughout Florida.