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Runcom Technologies Ltd, a leading technology developer of silicon solutions, has raised $10 million in third round of funding led by TLcom Capital.

The Israel based technology company pioneers OFDMA technology and offers silicon products and solutions for User Terminals and Base Stations that comply with the IEEE802.16e-2005 standard for WiBro and Mobile WiMAX applications. Runcom is an initiator of various  Base Station products and the funding will help it to preserve its leading market share in one of the most popular Broadband Wireless market.

Dr. Zion Hadad, founder and CEO of Runcom, praised its partner and considered their investment as an important facet that will help the company to enhance its expertise and functionality.

We are delighted to have TLcom as partners,this investment is an important milestone for Runcom, and a significant vote of confidence in Runcom’s achievements and growing potential.

While Maurizio Caio, Managing Partner of TLcom Capital LLP said:

This investment in Runcom is one of a number of growth stage investments that TLcom Capital is completing from its second fund which was closed in late 2007. Runcom is a core player in the rapidly expanding market for WiMAX and is now also developing expertise and intellectual property in 4G technologies such as 802.16m and LTE which have a significant OFDMA component.

Runcom has already grasped a sizable market share and has generated a good monetary revenue so far. Due to its fast accelerated efficient performance, it was placed third in the ‘Fast500′, list of the fastest growing firms in technology, media and telecommunications (TMT) industries in the EMEA region.