Orrick Advises PHOENIX CONTACT on the deal
A consortium of existing investors and Phoenix Contact Innovation Ventures GmbH as a Lead investor backed the current financing round of iS5 Communications Inc. (“iS5Com”), Ontario, Canada. The growth capital will be used for establishing a sales force and marketing efforts for their new platform RAPTORTM.
iS5Com recently launched its exciting RAPTORTM Series Platform at Distributech in San Antonio, Texas. RAPTORTM provides users the ability to securely connect and manage their mission critical networks. The RAPTORTM iBiome OS encompasses all Layer 2 and Layer 3 protocols as a standard. It enables users to take advantage of its unique security features, Seamless Redundancy (HSR/PRP), third party software applications, and cryptographic technologies to provide security for SCADA systems. The platform approach allows RAPTORTM to be scalable today and into the future. RAPTORTM addresses the need for advancements in cyber secure communications technology that protects critical assets in Operational Technology (OT) systems.
With this new funding round, iS5Com is well positioned to execute its market penetration strategy together with an established Corporate Venture Capital Fund. Phoenix Contact Innovation Ventures GmbH will support this development with its industrial expertise, technical know-how, and global market presence.
PHOENIX CONTACT Innovation Ventures is the global corporate venture capital company of the PHOENIX CONTACT Group, a global manufacturer and supplier of components and systems for electrical connection and industrial automation technology. The venture capital company invests in startups with business models that are related to electrical connection technology, industrial digitization, automation and control technology, and associated markets.
Orrick advised PHOENIX CONTACT Innovation Ventures with Sven Greulich (Picture), Shawn Atkinson and a team from the Canadian M&A boutique law firm AMS Allen McDonald Swartz LLP.
Law Firms: Orrick;
Clients: PHOENIX CONTACT Innovation Ventures ;