LONDON Potentially preparing the way for an initial public offering of shares, Icera Inc. (Bristol, England), a developer of soft modems for mobile broadband applications, has announced strong year-on-year growth for 2009.
However, the company did so without revealing any quantitative measures of its financial performance. Icera claims its fourth quarter 2009 revenues were approximately four times those of the same quarter in 2008, and were the company's sixth successive quarter of growth.
Icera, founded in 2002, is a privately held company, and is therefore not obliged to reveal complete accounts for interested parties in the same way that a public company would. However, the company is reported to be preparing for an initial public offering of shares and a good trading history is likely to form a cornerstone of the prospectus.
Icera makes chipsets used in mobile broadband USB modem sticks, embedded modules for netbooks and e-readers and for smartphones.
"Multiple, major mobile network operators specified Icera chipsets for mobile broadband devices in 2009," said Stan Boland, president and CEO of Icera Inc., in a statement. "That's because our advanced soft modem technology is the most effective way to maximize live network user data rates, simultaneously supporting strong subscriber demand and quality of service."
Boland continued: "With more product companies making Icera-based devices available every quarter, using our technology is now a simple and viable choice. We were also pleased to achieve our first voice-qualified product in 2009, signaling our intention to take our technology into the smartphone market in the future."
During the last quarter of 2009 customers began shipping Icera-powered devices at 14-Mbits per second, a doubling of peak data rates for users and a major node for many operators in 2010. Icera is now sampling its 21-Mbps HSPA+ modem technology by way of a software enhancement for the same chipset.
Related links and articles:
A dozen companies to watch in the IPO landscape
Texas Instruments spin-off files for $500 million IPO
Apache job post points to an EDA IPO
HSPA+ technology introduction