BOISE — After a 15 percent reduction in force at the end of 2011, a Boise maker of wireless routers has rebounded, adding about 25 workers since January and expecting 20 to 25 more hires by the end of the year.
Were off to the races, said CradlePoint CEO and Chairman George Mulhern. He says the new positions include engineers, salespeople and support workers.
The company designs 3G and 4G networking routers and systems. It now has 135 employees at its headquarters near the Statehouse and at a newly leased 15,000-square-foot production space at Five Mile Road and Emerald Street.
Mulhern attributes the companys growth to a boom in 4G wireless technologys popularity with business and Cradlepoints leadership position in that field.
Were riding pretty good market growth, he said.
The router maker was founded in 2004 with a consumer emphasis but now focuses almost entirely on businesses that need to network many sites.
We have hundreds of very large customers, big brand names, Mulhern said. Among them: Coinstar kiosks, Dunkin Donuts, United Oil, Barnes and Noble.
He declined to disclose annual sales of the privately held business, but said its in the tens of millions.
This month Cradlepoint will roll out its newest product, Cradlepoint Enterprise Cloud Manager, a cloud-based management and application platform that will allow Cradlepoint customers that manage hundreds or thousands of locations to manage upgrades and alerts from one point.
Mulhern joined Cradlepoint in September 2011 after about three years as general partner with Boise venture capital firm Highway 12 Ventures. Before that, he worked for Hewlett-Packard for about 20 years, most recently as a senior vice president leading the companys Laser Jet Global Business Unit. Mulhern said Cradlepoint today is owned by two venture-capital firms OVP Venture Partners of Seattle and Portland, and Mercato Partners of Salt Lake City and angel investors.