The company was founded in 2000 by ten engineers from
Cambridge University who obtained private equity funding relating to the increased demand for
mobile communications. Soon after the company started, the earliest variant of
VectaStar was released. Over the following years CBNL identified new market opportunities and developed product variants to address those, including new frequencies and a move into the backhaul space. The period of 2005–2010 saw the Company grow 864 per cent, a ranking in the top 200 on the
Deloitte Technology Fast 500 EMEA 2010, a ranking of the 500 fastest growing technology companies in EMEA, and a ranking of 38 in the Sunday Times
Microsoft Tech Track 100 in 2011. In November 2011 the Company supplied microwave radio equipment to backhaul Telefónica UK's O2 4G trial network in London, UK. == Small cells ==