About |
The principals founded Omninet Group over 20 years ago. One of the first ventures was Omninet Communication Services, the developer of a revolutionary two-way mobile digital satellite communications system for the trucking industry called “OmniTRACS”. While mobile satellite communications are common today, this was a revolutionary endeavor in 1985.
From its inception, our principals were responsible for the management, strategic development, operations and financing of Omninet Communications Services. In its effort to develop a breakthrough technology, Omninet hired a newly formed research and development company in San Diego to work on a contract basis on certain components of the satellite communications system. Omninet recognized that the engineers working on the project were on the cutting edge of research and development in the wireless space and the two groups joined forces in the quest to expand the boundaries of wireless communications. This point of convergence was instrumental in Qualcomm's journey towards becoming a leader in the wireless industry.
Based on the satellite communications technology, Qualcomm developed and commercialized the proprietary Code Division Multiple Access (CDMA) technology, which has become a standard for digital wireless communications. This development laid the foundation for Qualcomm to emerge as the worldwide leader in the wireless communications industry. Today, Qualcomm is a publicly traded (NASDAQ: QCOM) Fortune 500 and S&P 500 company with a multi-billion dollar market capitalization. Our principals have been actively involved with Qualcomm and served on its Board of Directors during its emergence as a significant player in the wireless industry.
Omninet Capital™ is the private investment firm of its principals.
Omninet’s investment strategy leverages the principals’ extensive experience in building companies and developing real estate. Omninet’s principals have founded, operated and held management positions in a number of companies across various industries, including aerospace, plastics and textiles. The firm prides itself on employing the operational expertise gained building successful companies to proactively increase the value of its investments across all asset classes.
Omninet Capital™ invests the capital of the principals, thereby eliminating restrictions created by the conventions of traditional funds. As a result, Omninet is capable of efficiently executing transactions with unique structures without the limitations associated with traditional funds. Furthermore, Omninet does not have a requirement to exit an investment within a predetermined time frame thereby allowing Omninet’s investments to weather economic downturns and unexpected business conditions, if necessary, and make strategic decisions based purely on the economic interest of its investment.