Colubris poised for IPO

Vendor set to go public

Colubris Networks’ new chief executive has outlined plans to take the wireless LAN vendor public by 2009 after appointing Vadition as its third UK distributor.
Vadition has been tasked with aiding transportation specialist Colubris’ push into the finance, healthcare, education and manufacturing sectors. The vendor already works with Acal and Selcoms International.
Vadition is offering resellers a launch package of two sets of wireless kit ­ comprising two access points and one control ­ for £500. The distributor will install one as demonstration equipment at the VAR’s premises for free.
Rob Scott, who took the reins at Colubris in April, said: “Colubris has done well in transportation and hospitality, but we have some catching up to do in the enterprise space.”
Scott said Colubris will have clinched another $10m to $20m in funding to its aid sales, marketing and engineering expansion by October.
“We’re trying to build a company that can go public by 2009, that’s why we need another round of funding,” he said.
Neil Ledger, co-founder of Vadition, said: “We’re on the look out for six to eight resellers. We’ve already kicked off a lead-generation programme and will take those leads back to the channel.”
Colubris partners set to gain from investor cash