News Overview

Phoenix Contact Innovation Ventures is the lead investor in a growth financing round for a Canadian network specialist

20.03.2018

Logo iS5 Communications  

iS5 Communications

Phoenix Contact Innovation Ventures with headquarters in Blomberg is the lead investor in a 12-member consortium that now finances the further growth of the Canadian network provider iS5 Communications Inc.

The company with headquarters in Ontario provides components for industrial networks.

“The new product series of Raptor is currently unique in the market. The combination of hardware and a software platform had us convinced from the very beginning” stated Marcus Böker, Managing Director of Phoenix Contact Innovation Ventures. The growth capital will be used for establishing sales force and marketing efforts. “The know-how of iS5Com together with Phoenix Contact will quickly achieve joint success results.”

iS5 presented its new product series to the public at the US trade fair Distributech in February for the first time. The system provides users with the ability to connect, manage and secure their networks while being open for third-party systems and compatible to HSR (High Availability Seamless Redundancy) and PRP (Parallel Redundancy Protocol) protocols that enable a redundant transmission of data in Ethernet networks especially in time and security-critical environments of Scada applications (Supervisory Control and Data Acquisition, monitoring and controlling technical processes).

This takes account of the fact that the rise of cyber threats increases the need for advancements in communications technology that protects critical assets in Operational Technology.

“I am very excited to have Phoenix Contact Innovation Ventures as an investor and partner. Phoenix Contact brings worldwide market access, technology competence and long-term experience to our company”, says Clive Dias, one of the founders and CEO of iS5Com. “The investment will help accelerate the further development and growth of Raptor, and allow iS5Com to showcase our own innovative technology and
solutions”.


PHOENIX CONTACT
GmbH & Co. KG

Corporate Communications
Flachsmarktstr. 8
D-32825 Blomberg
+49 5235 3-41240

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