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Wednesday, September 28, 2011

Center City-based Connectify, a 15-person wireless-networking software company founded by CEO Alex Gizis (Penn '95), says it has received an investment from In-Q-Tel, a 12-year-old Virginia-based nonprofit that says it helps finance "innovative technology solutions to support the missions of the Central Intelligence Agency and broader U.S. Intelligence Community."

Connectify claims "millions of downloads" by business users and college students for its $30 software that can "transform (a) PC into a Wi-Fi hotspot at the click-of-a-button." The money will go to develop a more "powerful and secure remote networking platform" and a connection-aggregation system.

How many taxpayer dollars did the spooks invest in Connectify? That's a secret: "We'd love to be able to announce the specific numbers," but In-Q-Tel won't let them tell us, Connectify marketing and social-media chief Raj Haldar told me. In-Q-Tel's spokeswoman wasn't immediately available.

In-Q-Tel counts Keyhole, the satellite-mapping data company now known as Google Earth, among its earlier investments.

r innovative technology solutions to support 

the missions of the Central Intelligence Agency and broader U.S. 

Intelligence Communityhelps innovative technology solutions to support the missions of the Central Intelligence Agency and broader U.S. Intelligence Community
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About Joseph N. DiStefano
Joseph N. DiStefano writes this blog to feed his PhillyDeals column in the Philadelphia Inquirer. Joe has been a member of Bloomberg LP’s New York Finance Team, wrote the book “Comcasted,” taught writing at St. Joseph’s University, and studied economics and history at Penn. Reach Joe at 215-854-5194 and JoeD@phillynews.com