Acme Packet Closes Round Two with $15 Million; Investment to Support Service Provider Customers and Enhancements of its Session Border Controllers.Business Editors/High-Tech Writers WOBURN, Mass.--(BUSINESS WIRE)--Sept. 30, 2003 Acme (company, jargon) ACME - /ak'mee/ 1. A Company that Makes Everything. The canonical imaginary business. Possibly also derived from the word "acme" meaning "highest point". 2. A program for MS-DOS. Packet(TM), a leading developer of session border controllers A Session Border Controller is a device used in some VoIP networks to exert control over the signaling and usually also the media streams involved in setting up, conducting, and tearing down calls. for service providers delivering interactive communications across IP network borders, today announced that it has raised $15 million in its second round of financing. This investment brings the total raised to date to $31 million. Advanced Technology Ventures (ATV (1) (Advanced TV) An early name for the digital TV standard proposed by the Advisory Committee on Advanced Television Service (ACATS). See ACATS. See also ATV Forum. (2) (Analog TV) Refers to the NTSC, PAL and SECAM analog TV standads. ) of Waltham, Mass. and Palo Alto Palo Alto, city, California Palo Alto (păl`ō ăl`tō), city (1990 pop. 55,900), Santa Clara co., W Calif.; inc. 1894. Although primarily residential, Palo Alto has aerospace, electronics, and advanced research industries. , Calif. joins as a new investor, with initial backers Menlo Ventures and Canaan Partners also participating in the round. This investment comes on the heels of significant world-class customer and partner announcements including Global Crossing, Fusion Communications, Capcom International, Agsm Telecomunicazioni, BroadSoft, Lucent Technologies, MetaSwitch, Nissho Electronics, Sonus Networks and Sumitomo Corporation Sumitomo Corporation (住友商事, Sumitomo Shōji) TYO: 8053 is a highly built worldwide trading company (Sogo shosha), and is a diversified corporation based in Tokyo, Japan. It is a member company of the Sumitomo Group. . The additional funding will allow the company to step-up the sales, support and enhancement of its Net-Net(TM) products in service provider IP networks around the globe. Acme Packet's award-winning Net-Net products solve the critical problems faced by service providers delivering high-quality, real-time communications - voice, video and multimedia - across IP network borders, including security, service assurance, revenue and profit assurance, and law enforcement. Current deployments include VoIP trunking network peering, hosted IP services for business and residential customers, and voice ASP services in the data center. "Acme Packet has established a proven track record with top-tier service providers, as well as global partners and distributors," said Bob Hower, partner, Advanced Technology Ventures. "Such traction in an emerging market highlights a growing sense of urgency among IP service providers to secure their network infrastructure, guarantee service quality, and increase revenue and profits. We believe the breadth and depth of the Net-Net products are unequaled in the industry and are confident that this funding will help Acme Packet solidify so·lid·i·fy v. so·lid·i·fied, so·lid·i·fy·ing, so·lid·i·fies v.tr. 1. To make solid, compact, or hard. 2. To make strong or united. v.intr. its market position and take the company to the next level." "This significant infusion of capital from new and existing investors is extremely encouraging and demonstrates an enormous vote of confidence in our ability to build upon our early success in the market for session border controllers," said Andy Ory, 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. , Acme Packet. "As providers roll out high-quality, high-margin packet based services on a wide scale basis, the border issues that our Net-Net products address become ever-more critical. The new funding will help us continue our momentum by supporting existing and upcoming deployments, and partnership activities with top-notch companies." About Acme Packet Acme Packet enables network service providers to deliver premium, interactive communications - voice, video and multimedia sessions - across IP network borders. Our award-winning Net-Net family of session border controllers satisfies critical security, service assurance and law enforcement requirements in wireline, wireless and cable networks. Established in August 2000 by networking industry veterans, Acme Packet is a privately held company privately held company A firm whose shares are held within a relatively small circle of owners and are not traded publicly. headquartered in Woburn, Massachusetts Woburn (/'wu.bə(r)n/) is a city in Middlesex County, Massachusetts, USA. The population was 37,258 at the 2000 census. Woburn is the birthplace of Anglo-American scientist Benjamin Thompson, a.k.a. . For more information, contact us at +1 781.756.6800, or visit us at www.acmepacket.com. |
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