Growth investment in 4RF

4RF Limited has received an investment from private equity fund Fortissimo Capital. As a result, the company will expand its workforce and accelerate the company’s product development and sales globally.

The company, headquartered in Wellington NZ, develops and manufactures radio communications equipment for utility, public safety and oil and gas applications. With this funding, its users in more than 130 countries are said to benefit from a greatly accelerated company growth plan, with an expanded product range and faster time to market.

Ian Troughton, CEO of 4RF Limited, said, “We are seeing a huge demand for our products, and in the last year our sales have increased by nearly 60%. We are absolutely thrilled that a leading growth investor in the world’s second largest venture capital market, and indeed the recognised home of wireless technology, has chosen to invest in 4RF. This investment by Fortissimo marks the end of a process that we started almost a year ago.”

4RF is accelerating its growth in three ways: speeding up the development and launch of next-generation products through a doubling of its R&D team; adding new variants to the existing product range to address new geographies; and growing sales, marketing and systems engineering to support new business.

Yuval Cohen, founding and managing partner of Fortissimo Capital, said, “We are delighted to have found in 4RF a company that has developed a family of world-class wireless products that can address a large and growing global market. 4RF has a great management team, products of a supremely high standard and blue chip customers throughout the world. We have huge growth expectations for 4RF and we look forward to working closely with the team over the coming years.”