Amplify.net Secures $6.1 Million in Second Round Equity Funding; 3Com, Wi-LAN & Kingston Technology Join as Corporate Investors.FREMONT, Calif.--(BUSINESS WIRE)--Dec. 8, 1999-- Amplify.net, Inc. (http://www.amplifynet.com), a Silicon Valley startup company The creator of this article, or someone who has substantially contributed to it, may have a conflict of interest regarding its subject matter. It may require cleanup to comply with Wikipedia's content policies, particularly neutral point of view. specializing in broadband service enabling solutions, today announced the closing of a round of $6.1 million in equity funding Equity funding An investment consisting of a life insurance policy and a mutual fund. The insurance policy is paid by the collateral value of fund shares, giving the investor the advantages of insurance protection with the growth potential of a mutual fund. from three corporate investors, including 3Com Corporation (Nasdaq:COMS COMS 3Com Corporation (stock symbol) COMS Certified Orientation and Mobility Specialist COMS Continuous Opacity Monitoring Systems COMS City of Manchester Stadium (UK) ), Wi-LAN Inc. (ASE (Adaptive Server Enterprise) A relational DBMS from Sybase that runs on Windows NT/2000, Linux and a variety of Unix platforms. ASE is a comprehensive and robust data management product with a long history dating back to the late 1980s. : WIN) and Kingston Technology Corporation. Amplify's existing investors Alpine Technology Ventures, Aspen Ventures and two individual "angel" investors also participated in this round of funding. The current investments follow a first venture capital round of $3.63 million in June 1998. "We are pleased to secure this round of funding to support our increasing momentum in delivering leading-edge broadband service enabling solutions to service providers and network equipment suppliers," said Pauline Lo Alker, 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 Amplify.net. "The additional equity infusion will enable us to accelerate our development programs and expand our existing business relationships and geographic coverage." In conjunction with this round of financing, Amplify plans to announce a series of new strategic partnerships in the upcoming weeks. "The confidence and endorsement from our prestigious corporate investors is a clear indication that our technologies and products are well differentiated and well positioned to compete together aggressively in the broadband marketplace," Alker continued. In the third quarter of 1999, Amplify.net announced the availability of its scalable broadband access enabling architectural platform iProvidence (TM) that supports multiple IP services over any media, designed to be easily adapted into cable modem systems, wireless headend equipment 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 access multiplexors (DSLAMs). It provides a set of software functional components, including automatic & dynamic subscriber provisioning, guaranteed class of service, bandwidth management/traffic shaping, usage data warehousing for customer billing and capacity management. About Amplify.net, Inc. Amplify.net develops and markets broadband access enabling solutions that provide multiservice subscriber provisioning, guaranteed class of service, traffic shaping, data warehousing and usage billing and analysis for service providers and network equipment suppliers. Headquartered in Fremont, California, amplify.net, Inc. 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. funded by several reputable high technology 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] . For more information, please visit amplify.net's Website at http://www.amplifynet.com. Amplify.net, Inc. is located at 47381 Bayside Parkway, Fremont, CA 94538. Please direct all inquiries to: Gary Taggart, Vice President, Sales; Phone: 510/360-6026; Fax: 510/656-2680; Email: gtaggart@amplifynet.com. |
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