Bandspeed opens Australia R&D centre

US-based telecommunications company Bandspeed (www.bandspeed.com) has opened a R&D centre in Melbourne that will focus on providing high-performance chipsets for wireline and multiple wireless technologies, enabling faster and more reliable Internet access over existing networks.

The company will invest AU$10.5 million in the centre over the next two years, and expects staff numbers to double from the current 20 within 12 months.

Opening the centre, State and Regional Development Minister John Brumby said Bandspeed could have chosen several other locations in the world in which to establish its R&D centre but settled on Melbourne because of access to world-class skills. "Bandspeed's decision reinforces Victoria's claim to being Australia's capital for research and development, particularly in the communications industry," he added. "Bandspeed's investment confirms that Victoria is the best place in the Asia Pacific region to establish a business in the highly competitive information and communications technology sector."

One of Bandspeed's founders, Stan Skafidas, was born in Melbourne.

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Bandspeed is dead Anonymous -- 05/08/07

50 million down the drain because skafidas technology sucked, CEO fired by VC and Skafidas runs back to Austraila.

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Where do you get your facts? Anonymous -- 13/07/08 (in reply to #320083933)

It is easy to make false defamatory statements - Anonymous.

You should really get your facts right!

The technology worked great and showed real benefit in the market.

There was an opportunity to get a significant multiple return on investment as an acquisition.

No-one was fired! The company is still in existence and doing well.

As one of the investor, I can say that I more than happy to back the team again.

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