Wi-Fi engineering test equipment supplier Azimuth Systems, Inc. has received $7.5 million in new venture capital funding from its current investors. The company has also announced that Jim Iuliano will join the company as chief executive officer. According to Azimuth, the new funding and management change position the company for expansion into the WiMAX and cellular markets.

“Azimuth has developed key intellectual property, pioneered the Wi-Fi test equipment market and established itself as the leader in its space,” said founding CEO Ray Cronin. “Jim Iuliano’s successful experience scaling systems businesses will enable Azimuth to accelerate its growth. We worked hard to find the right person to take us to the next level, and I look forward to working closely with Jim over the coming months to transition leadership of Azimuth during our significant growth phase.”

Iuliano has been CEO for both public and private technology companies for more than a decade. Previously, he was CEO of E Ink Corporation, taking the company from start-up into commercialization. Prior to E Ink, Iuliano was president and CEO of Molecular Devices. Most recently, Iuliano was an entrepreneur in residence at North Bridge Venture Partners.

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