Backers include private investors in the US and Europe.
The company has also announced ex-Intel VP Jim O’Hara as Chairman of the company. O’Hara is former Vice President of Intel Corporation and General Manager of Intel Ireland, where he was responsible for Intel’s technology and manufacturing group in Ireland. He is also a Board member of Enterprise Ireland, and is on the board of a number of Irish public companies.
Co-founded by company President and CTO Michael McLaughlin and CEO Ciaran Connell, DecaWave specializes in ultra wideband (UWB) technology for Real Time Location Systems (RTLS) and Wireless Sensor Networks (WSN). The company’s flagship product is ScenSor, a complete, single chip CMOS ultra-wideband IC based on the IEEE 802.15.4a standard with applications in areas as diverse as manufacturing, healthcare, lighting, security, transport, inventory and supply chain management.
The company, which was formerly of Motorola and Freescale Semiconductor, employs 25 in Dublin, Ireland, and operates offices in San Jose California, Seoul South Korea, and Toulouse France. LM
dEcaWaVE RaISES €6M In FUndInG
decaWave, a dublin, Ireland-based fabless semiconductor company, has raised €6m in funding.
MadISon IntERnatIonaL REaLtY acQUIRES StaKE In FRanKFURt
tRIanon coMPLEx FRoM MoRGan StanLEY P2 VaLUE
Madison International Realty, a new York based investment company, together with its German subsidiary Madison Real Estate (Madison International), has signed a purchase agreement for Morgan Stanley P2 Value's interest in the Frankfurt trianon complex.
The 47-floor office tower at Mainzer Landstrasse in Frankfurt's banking district rises to a height of 186 meters and, together with the adjacent residential buildings, encompasses about 69,000 square meters of rental space, including 566 parking spaces, some of them open to the public. The property is 85 percent leased, predominantly to financial services firms, including the anchor tenant DekaBank on a long-term lease.
Prior to the current transaction the Trianon complex was owned by Morgan Stanley Eurozone Office Fund (MSEOF), an institutional real estate fund, and Morgan Stanley P2 Value. MSEOF will now be joined by Madison International, an experienced investor specializing in joint ventures. In its focus of acquiring direct secondary equity interests, Madison International will be supported by Cologne-based Art-Invest Real Estate, which has also participated in the transaction.
In its focus on acquiring secondary equity capital in real estate, Madison's investment strategy is heavily quality-driven with investments into core properties. The US $820 million portfolio of equity capital participations, which will now be complemented by the prestigious Frankfurt property, does not include any opportunistic investments. LM
Madison International Realty