Bellevue-based Ignition Partners announced today that it has created a new company by merging three wireless broadband companies that provide service to businesses.
The new company will be called Sparkplug and is a combination of Sparkplug in Chicago, Prairie iNet in Des Moines and Telespectra in Phoenix. It will be led by Ignition Partners’ Bill Malloy, who will be CEO, and Steve Hooper, as chairman.
Sparkplug, using technology from Motorola, will offer wireless business broadband services in the Midwest and the Southwest.
“Our business customers are moving more data than ever. They demand scaleable high-speed connections that are affordable, reliable and quick to provision, plus come with responsive customer service,” Malloy said. “All three companies deliver on this today, and that’s why businesses are choosing us. Through the merger we are announcing today, the new company is well-positioned to meet these needs for more businesses in existing or new markets.”
In June, Ignition gathered an additional $80 million to support acquisitions. That makes its current venture fund about $400 million.