Colubris Networks, Waltham, MA / Montreal, Canada
Colubris Networks is a leading global provider of wireless LAN (WLAN) access solutions to enterprise and service provider customers. The award winning products from Colubris deliver seamless, secure access to broadband services and applications while integrating into existing network infrastructure, security and management systems. Colubris is the market share leader in the hospitality and aerospace segments and has equipment deployed by more than 1,500 organizations worldwide.
Investment Date: January 2004 Sold to Hewlett-Packard, October 2008
GrandBanks Board Representative: Charles R. Lax
Co-investors: Business Development Bank of Canada, Prism VentureWorks, Mid-Atlantic Venture Association, DCM-Doll Capital Management, Technology Development Fund
Ember, Boston, MA
Ember is a wireless semiconductor company and the leading provider of 802.15.4 and ZigBee networking systems, focused on the home automation, building automation and automated meter reading industries. Its technology makes possible new kinds of wireless sensor networks in which devices in buildings and homes, like lights, switches, HVAC controls and other everyday appliances and equipment can communicate with each other and work together.
Investment Date: January 2002 Sold to Silicon Laboratories, July 2012
GrandBanks Board Representative: Charles R. Lax
Co-investors: Polaris Venture Partners, RRE Ventures, DFJ New England, DFJ ePlanet, Vulcan Capital, STMicroelectronics, WestAM, Stata Venture Partners, ChevronTexaco Technology Ventures, Hitachi Ltd
Enpocket, Boston, MA
Enpocket is a global mobile media company that provides integrated entertainment and marketing services to build and retain mobile audiences. Enpocket’s mobile community and content applications empower leading mobile operators, handset makers and media companies to realize deeper consumer relationships and new revenues.
Investment Date: June 2002 Sold to Nokia Corporation, October 2007
Co-investors: BlueRun Ventures, Dolphin Equity Partners, Bru Venture Capital
Nexage, Waltham, MA
Nexage develops mobile advertising solutions that enable companies to maximize ad revenue from their mobile properties.
Investment Date: June 2009 Sold to Millenial Media, December 2014
GrandBanks Board Representative: Tim Wright
Co-Investors: Relay Ventures, SingTel, Hearst Interactive Media
WHERE, Boston, MA
WHERE (formerly known as uLocate Communications) is the leading publisher of mobile location based service (LBS) applications. In 2007, uLocate launched WHERE, the world’s first mobile GPS widget platform. uLocate was incubated at GrandBanks Capital’s offices.
Investment Date: December 2003 Sold to eBay, April 2011
Co-investors: Kodiak Ventures Partners, Venrock