@Link Networks Secures $100+ million in Financing; Respected Investors Signal Support of Company's Execution To Date, Endorse Aggressive Deployment Strategy.Business Editors LOUISVILLE, Colo.--(BUSINESS WIRE)--Aug. 14, 2000 Integrated communications provider @Link Networks, Inc. today announced that it has secured $101.2 million from eight private equity firms as part of a second round of funding. @Link provides small- and medium-sized businesses with secure, high-speed private networks and other connectivity solutions via access technologies such as Digital Subscriber Line See DSL. (communications, protocol) Digital Subscriber Line - (DSL, or Digital Subscriber Loop, xDSL - see below) A family of digital telecommunications protocols designed to allow high speed data communication over the existing copper telephone lines between end-users and (DSL DSL in full Digital Subscriber Line Broadband digital communications connection that operates over standard copper telephone wires. It requires a DSL modem, which splits transmissions into two frequency bands: the lower frequencies for voice (ordinary ). The additional financing will fuel @Link's strategic deployment across the middle third of the country, followed by a nationwide expansion. Signaling sustained confidence in the company, @Link's first-round investors constituted approximately one-third of this new investor round. The original investors include Madison Dearborn Madison Dearborn Partners (MDP) is a private equity firm specializing in buyouts of private or publicly held companies, or divisions of larger companies; recapitalizations of family-owned or closely held companies; balance sheet restructurings; acquisition financings; and growth Partners, Columbia Capital, Telesoft Partners, and Telcom Ventures each of which reinvested at least 50 percent of their initial amount. The remainder of the $101.2 million came from four new investors, including $30 million from Incepta LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control , a Seattle-based venture fund sponsored by Bechtel Enterprises and managed by John DeFeo, former president and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of US West NewVector Group. The remaining three investors include Arlington Capital Partners, LP, a new Washington New Washington is the name of several towns in the United States:
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"Capital enables execution. Not only have we raised a significant amount of capital, supercharging our growth plans, but we have raised it from some of the best and most respected private equity firms in the industry," said Alex Good, @Link chairman and CEO. "These strategic investments bring the amount of total equity and debt capital raised in the past eight months to nearly $400 million. We raised a large portion of this financing during a time of extreme market volatility, once again demonstrating that our investors continue to fully support @Link's differentiated business strategy, vision, service offerings, management expertise and ability to execute." @Link's aggressive deployment schedule through the end of 2000 targets 41 markets in 14 states across the middle third of the country. Currently, service is being delivered in Wisconsin, Illinois, Indiana, Ohio, Michigan and Texas. Service will launch in Minnesota in mid-August, followed closely by Colorado, Kansas and Oklahoma. About @Link Networks @Link Networks, formerly Dakota Services, was founded in 1997 and specializes in broadband data communications for small- and medium-sized businesses. @Link is a leading provider of secure, high-speed private network solutions and other data and communications services including video and, soon, voice, via access technologies such as Digital Subscriber Line (DSL). @Link is building a next-generation packet-switched network utilizing an Asynchronous Transfer Mode See ATM. (communications) Asynchronous Transfer Mode - (ATM, or "fast packet") A method for the dynamic allocation of bandwidth using a fixed-size packet (called a cell). See also ATM Forum, Wideband ATM. ATM acronyms. Indiana acronyms. (ATM) backbone and advanced switching capabilities that enable the company to offer its business customers extensive Quality of Service and Class of Service capabilities, including highly customized broadband solutions and iron-clad service level agreements and performance guarantees. www.atlinknetworks.com www.mdcp.com www.colcap.com www.telesoftvc.com www.inceptagroup.com www.arlingtoncap.com www.deanwitter.com www.ml.com |
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