Wireless spread spectrum radio technology provider FreeWave Technologies has received a $113 million investment from private equity company TA Associates. This investment is intended to help Boulder, Colorado-based FreeWave to accelerate its growth into existing and new markets with additional R&D, said FreeWave.

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"We are excited to invest in FreeWave, which has an enviable record of growth, financial success and technical innovation,” said Vivian Wu, a principal at TA Associates who will join the company's board of directors. "The company has built long-term, recurring relationships with its channel and customers based on one of the highest quality data radio product suites in the industry.”

"We chose to partner with TA because of its proven record of helping thriving businesses create substantial value for the future,” said Steve Wulchin, CEO and president of FreeWave Technologies. "Our customers rely on our products for long range reliable data communications in mission critical applications,” added Jonathan Sawyer, CTO and chairman of FreeWave Technologies. "We look forward to working with TA to leverage their financial support and investment experience to continue developing superior radio solutions for our customers.”