AccessLan Communications Raises $35 Million in Equity Financing Led by BancBoston Ventures to Accelerate Launch of Its i-SLAM and Universal DSL and for Market Expansion.Business Editors & High-Tech Writers SUPERCOMM 2000 ATLANTA--(BUSINESS WIRE)--June 6, 2000 AccessLan Communications Inc., pioneer of i-SLAM and Universal DSL, and the leading supplier of DSLAM (DSL Access Multiplexor) A central office (CO) device for ADSL service that intermixes voice traffic and DSL traffic onto a customer's DSL line. It also separates incoming phone and data signals and directs them onto the appropriate carrier's network. See DSL. equipment for Voice-over-DSL (VoDSL), today announced that it has raised $35.1 million in equity financing led by new investor BancBoston Ventures. Other venture capital firms Name Location Founding date Managing Partners/Directors Specialty Capital managed 5AM Ventures Menlo Park, CA; Waltham, MA 2002 John Diekman, PhD (managing partner), Scott Rocklage, PhD (managing partner), Andrew Schwab (managing partner) life sciences $200M [1] participating in the financing include previous AccessLan investors Accel Partners, Berkeley International Capital, Highland Capital, Sequoia Capital and Tudor Private Equity fund. This latest round of funding brings the total funds raised by the company to more than $75 million. AccessLan will use the funds to accelerate the launch of its two recently unveiled breakthrough products, the PL-2000 i-SLAM, introduced in March; and the ULM-24 universal DSL line module, introduced in May. In addition, the company will use the funds for market expansion and to capitalize on the opportunities resulting from deregulation Deregulation The reduction or elimination of government power in a particular industry, usually enacted to create more competition within the industry. Notes: Traditional areas that have been deregulated are the telephone and airline industries. of the telecommunications industry worldwide. "We're excited about our investment in AccessLan because of its leadership position in the VoDSL market. Moreover, with the launch of i-SLAM, AccessLan has taken the lead in development of the new access infrastructure for the optical core, one of fastest-growing areas in telecom," said Robert Hower, vice president of investments for BancBoston Ventures. "AccessLan's combination of strong management, technical assets and a growing customer base will propel it to new heights as packet technologies gain prominence in the public network." "AccessLan is pleased to gain the endorsement of BancBoston Ventures and our current investors for the funds to drive the next phase of our growth in the access market," said Mike Pisterzi, 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 AccessLan. "With our advanced IP technology providing edge access to the emergent optical and terabit router core, we can truly enable our customers to offer sophisticated end-to-end IP and multimedia services over a converged infrastructure." AccessLan has achieved a number of industry firsts and significant milestones since its last round of funding in June 1999, including: -- Company Infrastructure Development -- Appointment of former Alcatel COO Mike Pisterzi as CEO, and former Alcatel and Sterling Software group CFO See Chief Financial Officer. Tim Montgomery as CFO of AccessLan -- Expansion of direct sales organization into eight offices around the country and a distribution agreement with C&L Communications -- Customer Acquisition -- The industry's first and largest VoDSL deployment with Boston ICP (1) (Internet Cache Protocol) A protocol used by one proxy server to query another for a cached Web page without having to go to the Internet to retrieve it. See CARP and proxy server. , Network Plus -- A 250+ CO deployment of access equipment with New York provider, Transbeam -- Multi-year, multi-million dollar contracts with Building local exchange carriers (B-LECs) Edge Connections and InfoHighway -- Market and Product Development -- Delivered the industry's first DSLAM for VoDSL, resulting in the No. 1 share of the VoDSL market -- Offered the industry's broadest VoDSL solution with guaranteed interoperability with the leading VoDSL Gateway vendors Jetstream Communications, TollBridge Technologies and CopperCom, and CPE (Customer Premises Equipment) Communications equipment that resides on the customer's premises. CPE - Customer Premises Equipment vendors Polycom, Woodwind and others -- Shipped the industry's first stackable DSLAM, which has resulted in a leading share of 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 deployment in the B-LEC market -- Delivered the industry's first IP-aware, IP-smart Intelligent DSLAM, or i-SLAM driving the development of next-generation value-added Internet-based services -- Delivered the industry's first Universal DSL solution with support for the leading DSL flavors -- SDSL See DSL. SDSL - Single-line Digital Subscriber Line , IDSL See DSL. , HDSL-2, G.SHDSL A DSL technology from the ITU (G.991.2) that provides symmetric transmission from 192 Kbps to 2.3 Mbps using a single copper pair, depending on distance from the central office (from 20,000 ft. to 6,500 ft.). With two wire pairs, 384 Kbps to 4.6 Mbps can be achieved. G. and VDSL-Lite for speeds up to 6 Mbps. Breakthrough Technologies In March, AccessLan introduced its i-SLAM and Internet Scaling Architecture, which deliver Internet-based services, such as e-commerce, Web hosting, application hosting, streaming audio and video etc on its PL-2000 C.O. and PL-1000 Stackable platforms. In May, the company announced delivery of a 24-port Universal DSL Line Module (ULM-24) and Universal DSL CPE Router (PL-220). AccessLan's ULM-24 dramatically enhances speed and reach of DSL services while enabling service providers to program the individual ports on the ULM Ulm (  lm), city (1994 pop. 114,839), Baden-Württemberg, S Germany, on the Danube (Donau) River. It is an active river port, rail junction, and industrial center. for SDSL, IDSL, HDSL See DSL. HDSL - High bit-rate Digital Subscriber Line 2, G.shdsl and VDSL-Lite, a symmetric service at speeds of up to 6 Mbps. About BancBoston Ventures BancBoston Ventures, a unit of FleetBoston Financial (NYSE NYSE See: New York Stock Exchange :FBF FBF Forearm Blood Flow FBF Frankfurt Book Fair FBF Feedback Form FBF Frame by Frame (animation technique) FBF FleetBoston Financial Corporation (stock symbol) FBF Fundamental Baptist Fellowship ), has been providing expansion capital to emerging growth companies since 1959. Today, it has roughly $300 million invested in more than 80 Internet-focused technology and communication companies worldwide. With offices in Boston, Palo Alto, London, Hong Kong, Buenos Aires and Sao Paulo, BancBoston Ventures brings 40 years of venture capital experience, a global network of contacts and close affiliation with premier investment bank Robertson Stephens to each investment opportunity. BancBoston Ventures' investments include Allaire, Arbinet, Buildnet, Chinook, Flashcom, Gomez Advisors, Integral Access, Internet Capital Group, OnDisplay, Preview Systems, RC Networks, Silknet, Versata, Viant and Zhone Technologies. About AccessLan AccessLan Communications, Inc., a pioneer of PacketLoop, i-SLAM and Universal DSL, is a leading supplier of carrier-class DSLAM equipment for Voice over DSL (VoDSL), Internet access and Internet-based services. The company targets Local Exchange Carrier (LEC) with PL-2000 C.O. and PL-1000 stackable i-SLAMs that deliver VoDSL, Internet access and Internet services like e-commerce, Web hosting, streaming audio and video. Founded in 1997, AccessLan is financed by leading venture capital firms Sequoia Capital, Accel Partners, Berkeley International Capital, Highland Capital, BancBoston Ventures, Tudor Private Equity Fund, The Ignite Group, Intel Corporation and NIF NIF See: Note issuance facility Ventures. The company has headquarters in San Jose, Calif. For additional information, contact AccessLan at 888/411-4DSL or www.accesslan.com. Note to Editors: AccessLan and PacketLoop are trademarks of AccessLan Communications Inc. All other trademarks are the property of their respective owners. |
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