Originally posted on CRN, 07-22-15, Written by Ramin Edmond
After quadrupling its revenue over the past three years, Boise, Idaho-based Cradlepoint has reached more than a 50 percent compound annual growth rate.
Cradlepoint specializes in 3G/4G/LTE network solutions, and focuses on Machine-to-Machine, transportation and the Internet-of-Things solutions. For example, the Medford, Ore., police department uses one of Cradlepoint's networking solutions, including network uptime, and cuts down on troubleshooting time with the Enterprise Cloud Management application. Retail chain American Apparel uses Cradlepoint's MBR series and NetCloud Manager for high-speed failover, cloud-based networking management and VPN support.
In April, Cradlepoint closed $48 million in a Series B funding round with plans to invest in its channel community, international expansion and new acquisitions.