Cedar Point Communications Receives $15 Million in Funding Round Led By Focus Ventures
Posted on: Monday, 8 August 2005, 09:00 CDT
DERRY, N.H., Aug. 8 /PRNewswire/ -- Cedar Point Communications, Inc., the leader in integrated packet-based voice switching technologies for the cable industry, today announced that it has raised $15 million in additional financing. The financing was led by Focus Ventures and included participation from existing investors Ascent Venture Partners, Battery Ventures, Charles River Ventures, Comcast Interactive Capital, JP Morgan Partners, Motorola Ventures and STAR Ventures.
The financing will be used to support increased manufacturing, marketing and sales activities in conjunction with rapidly increasing demand from cable system operators in the Americas for Cedar Point's SAFARI C(Cubed) Multimedia Switching System. In addition, the capital will fund Cedar Point's increasing activities in Europe and elsewhere.
"We invested in Cedar Point because their innovative approach has resulted in a significant number of customer wins," said Kevin McQuillan, general partner of Focus Ventures. "By integrating all of the components of distributed VoIP architectures into one unit, Cedar Point has created a differentiated product that has been selected for use by many of the major U.S. and Latin American cable system operators."
SAFARI C(Cubed) is the only totally integrated carrier class VoIP switch that incorporates -- at no additional cost -- all of the components that make up the PacketCable(TM) voice switching infrastructure, eliminating the need for operators to purchase, maintain, upgrade and regression test separate call management servers, media gateways, record keeping servers, announcement servers, signaling gateways, Ethernet switches and CALEA servers.
"Cable system operators in this country and abroad are accelerating the pace of voice deployments," said Andy Paff, president and chief executive officer of Cedar Point Communications. "This funding further expands our ability to provide the simple, cost-effective, scalable solutions that enable current and future customers to capitalize on the revenue-generating potential of cable telephony services."
Designed to accommodate not only current voice switching needs but also the anticipated migration to video telephony and multimedia services, the PacketCable(TM)-qualified SAFARI C(Cubed) provides superior performance and reliability, significantly reducing capital expenditures, system integration and operations costs for cable operators who offer telephony services, while increasing network integrity, security and privacy.
About Cedar Point Communications
Cedar Point Communications' totally integrated voice and multimedia switches provide cable system operators with cost-efficient, less complex voice-over-IP alternatives to distributed soft-switching cable telephony options. Cedar Point's SAFARI C(Cubed) Media Switching System is a PacketCable(TM)-qualified, Carrier Class Cable (C "Cubed") solution that supports legacy circuit and PacketCable(TM) voice services, as well as video telephony and non-traditional SIP-based devices. The company is based in Derry, NH. For more information, please visit http://www.cedarpointcom.com/.
About Focus Ventures
Focus Ventures is the leading expansion stage venture capital firm that invests in emerging market leaders in the software, semiconductor and communications industries. Focus Ventures currently manages $570 million, having closed its first fund in October 1997 and Focus Ventures II in December 1999. Focus Ventures offers its portfolio companies access to high quality partners in Asia and an extensive network of resources focused specifically on driving top line revenue growth through customer introductions and by establishing distribution channels, joint ventures and licensing arrangements. Since the firm's inception, Focus Ventures has invested in 86 companies and has had 20 IPOs and seven acquisitions by public companies. A select number of portfolio companies that have gone public include: Active Software, Agile Software, Alteon WebSystems, BroadBase Software, Chordiant Software, Commerce One, Copper Mountain Networks, Corio, CoSine Communications, Interwoven, Loudcloud, Niku, Pixelworks, and Verisity. For more information on Focus Ventures visit http://www.focusventures.com/.
PacketCable(TM) is a trademark of Cable Television Laboratories, Inc.
Cedar Point Communications, Inc.
CONTACT: Paul Schneider, PRPR, Inc. for Cedar Point, +1-215-702-9784,pspr@worldnet.att.net; or Jenny Spitz, The Blueshirt Group for Focus Ventures,+1-415-217-4964, jenny@blueshirtgroup.com
Web site: http://www.focusventures.com/
Web site: http://www.cedarpointcom.com/
Source: PRNewswire
Related Articles
- Alaska Communications Systems Hits Milestone in Submarine Cable Project
- Talkdynamics Technologies Announces New Strategic Partnership With Clear-Com(R) Communication Systems
- Mobile Satellite Ventures Launches Satellite Priority Service for the Department of Homeland Security's National Communications System
- Nexus IS to Offer Secure Remote Services for Voice Communication Systems Via ComBrio's Virtual Service Infrastructure
- Motorola to Acquire Terayon Communication Systems
- Vitesse Launches Signal Integrity and Ethernet Switching Seminars for Design Engineers; Technical Sessions Provide Best Practice Tools and Techniques for Designing High Speed Communication Systems
- Alaska Communications Systems Executes Agreements to Assume Ownership of Fiber Optic Assets
- Arvig Communication Systems Deploys MetaSwitch for Competitive Telco and Cable Network Expansion
- Internet-Based System for Voice Communication With the ISS
- Ditech Communications Announces General Availability of New Voice Processing Systems Which Enable Low-Cost Capacity Expansion for Mobile Operators
 |
 |
User Comments (0)
RSS Feeds