Orthogon is the company to watch when it comes to
meeting the challenge of incredibly demanding deployments
no other broadband wireless vendor can satisfy. The
company is delivering a powerful way for customers
to extend wireless access across urban and remote
rural areas. And the market is responding with enthusiasm.
But meeting the market demand has not been a small
undertaking. Since the day that Orthogon began proving
the capabilities of its OS-Gemini wireless system
in challenging, large deployments, the demand for
its product has skyrocketed. In response, the company
needed to adjust its manufacturing strategy to meet
the growing need. They also wanted to be certain that
additional capital, if needed, was available to manufacture
a high volume of products ahead of producing revenue
on them.
“We knew we headed in the right direction, we
just needed more flexibility in our financial planning,”
said Phil Bolt, CEO, Orthogon Systems. “We felt
confident that if we could optimize our manufacturing
strategy, we would improve our ability to meet customer
demand for product and produce the kind of revenue
results that would take us to the next level. We wanted
to find a cost effective way to gain the financial
flexibility we needed.”
The company then approached Lighthouse Capital Partners.
Working with LCP, Orthogon was able to secure the
venture debt financing that would ensure it had the
capital necessary to meet high volume demand and,
consequently, grow the business exponentially.
“Lighthouse Capital Partners has become a strategic
financial resource to us in a very important stage
of Orthogon Systems’ growth,” said Bolt.
“Lighthouse understood our market and situation
from the start and provided us with the venture debt
financing that would ensure our growth no matter when
our venture round closed. They put the deal together
quickly with minimal complexity and are a pleasure
to do business with.”
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