Wifinium Launches as Independent Wireless Connectivity Company Following Carve-Out from Leading IT Services Firm
May 15 2024 - 1:30PM
Wifinium, a provider of critical,
commercial-grade connectivity solutions, has launched as an
independent company after a carve-out of the respected wireless
division of Business Information Group (BIG), a leading IT services
firm.
Co-founder and former President and CIO of BIG’s
wireless division, John Dolmetsch, has stepped into the role of CEO
at Wifinium. Carve-out capital and expertise were provided by
Initium Management, a private equity firm newly established by a
team of seasoned operators including Kerem Bolukbasi, a finance and
operations leader who will serve as Wifinium’s president.
With millions of square feet of networks under
supervision and tens of thousands of devices monitored around the
clock by its 100% U.S.-based Network Operations Center (NOC)
engineers, Wifinium is committed to delivering dependable
connectivity solutions that empower businesses to thrive in an
interconnected world. Wifinium serves clients across North America
with a stronghold of partners and clients in the Northeast United
States and a rapidly growing client concentration in the Southeast.
The company’s leadership boasts more than 200 years of cumulative
experience working with wireless technologies.
"It is our mission to solve the complex
connectivity needs of clients by establishing and maintaining
reliable, commercial-grade connectivity,” explained John Dolmetsch,
CEO of Wifinium. “We envision a future where wireless connectivity
is as ubiquitous and dependable as electricity, accessible to all
whenever and wherever it is needed. This vision drives our
relentless commitment to innovation and excellence, ensuring that
we deliver solutions that not only meet but exceed our clients'
expectations and empower them to thrive in a digitally dependent
world."
In addition to the complicated carve-out
transaction it completed, Initium Management is supporting Wifinium
with both investment and expertise. “We believe that wireless
connectivity is one of the most important utilities of the 21st
century. It’s truly a basic need,” said Kerem Bolukbasi, Managing
Partner at Initium Management and President of Wifinium. “Wireless
connectivity supports our societal goals and the future of our
economy. The Wifinium team has proven exceptionalism in this field
and is now positioned to capitalize on the growth in both public
and private sector markets.”
Prioritizing reliability, the company maintains
an uptime guarantee of 99.995%. And with a Mean Time to Resolution
(MTTR) averaging less than 10 minutes, Wifinium minimizes
disruptions and ensures uninterrupted operations for its clients.
Wifinium’s NOC operates 24/7, proactively monitoring and resolving
network issues to ensure seamless operations for clients.
Wifinium serves clients across many industries
including transportation and transit, multi-residential housing,
sports venues, and state and local municipalities. The company’s
impressive roster of clients include Exelon Corporation, PPL
(Pennsylvania Power & Light), County of York (PA), City of
Miami Beach (FL), Ocean City (MD), Johns Hopkins Medicine, Stanford
University, Live Nation Entertainment, Roers Companies, Four
Seasons Hotels and Resorts, and more. Wifinium supports clients
both directly and through strategic partnerships with Comcast,
American Tower, HCL, Blue Stream, Kinetics, and CTS.
Financial details of the transaction were not
disclosed.
About WifiniumWifinium provides
critical, commercial-grade connectivity to private companies and
essential large-scale public operations. Focused on solving the
complex connectivity needs of clients, Wifinium is committed to
providing accessible and reliable wireless solutions. With
extensive domain experience in executing its mission on a large
scale, Wifinium confidently delivers critical connectivity
solutions to meet the diverse needs of clients. For more
information, visit www.wifinium.com.
Media Contact:Mark
Tordik215-644-6502mtordik@broadpathpr.com