Rep. Jared Polis visits private equity-owned FreeWave Technologies in Boulder, Colorado
Today Representative Jared Polis visited FreeWave Technologies’ headquarters in Boulder, Colorado. FreeWave Technologies manufactures the most reliable, high-performance spread spectrum and licensed radios for critical data transmission.
FreeWave received a $113 million investment by private equity firm, TA Associates, in 2007. This investment has been instrumental in FreeWave continuing to grow its workforce, further its research and development efforts and expand into several new markets over the past five years. During this time, FreeWave increased its employee headcount by 76 percent and achieved record revenue last year. Its Boulder, Colo. facility , in 2007. This investment has been instrumental in FreeWave continuing to grow its workforce, further its research and development efforts and expand into several new markets over the past five years. During this time, FreeWave increased its employee headcount by 76 percent and achieved record revenue last year. Its Boulder, Colo. facility supplies essential, cutting-edge wireless communications technology to government, defense, utility, energy and private sector customers.
“FreeWave Technologies is yet another example of a Boulder area company successfully attracting capital,” said Rep. Jared Polis. “As FreeWave Technologies demonstrates, private equity investments in Colorado companies have strengthened local businesses and brought good jobs to the region by providing needed investments for growth and to help companies succeed in the global economy,” Rep. Polis concluded.
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PEGCC and FreeWave Technologies issued a press release on the visit.
