BigBand Networks Announces Investment from AOL Time Warner Ventures.Business Editors REDWOOD CITY Redwood City, city (1990 pop. 66,072), seat of San Mateo co., W Calif., on San Francisco Bay; inc. 1868. Manufactures include commmunications, electrical, electronic, and medical equipment. , Calif.--(BUSINESS WIRE)--Oct. 8, 2002 Capitalization Enhances BigBand Networks BigBand Networks (known as BigBand ; NASDAQ: BBND) is a multinational corporation headquartered in Redwood City, California, United States. BigBand manufactures and sells digital video and data processing platforms and solutions in areas ranging from digital video to CMTS. Positioning as Platform Provider for Advanced Services and Media over Broadband Networks  This article or section needs copy editing for grammar, style, cohesion, tone and/or spelling.You can assist by [ editing it] now. BigBand Networks, Inc., a leading provider of broadband multimedia routing systems for broadcast television and advanced services, today announced an investment from AOL (A division of Time Warner, Inc., New York, NY, www.aol.com) The world's largest online information service with access to the Internet, e-mail, chat rooms and a variety of databases and services. Time Warner Ventures. This investment brings the total amount of venture capital raised by BigBand Networks to $60 million. In addition to AOL Time Warner Ventures, the company's investors include Series C round leader Charles River Ventures, Redpoint Ventures, Pilot House Ventures, Cedar Fund, Evergreen Investments, CommVest and Lauder Partners. BigBand Networks is expanding deployments of its Broadband Multimedia-Service Router (BMR BMR basal metabolic rate. BMR abbr. basal metabolic rate BMR, n See basal metabolic rate. BMR basal metabolic rate. (R)) within the cable industry. The investment by AOL Time Warner Ventures strengthens BigBand Networks' commitment to extend the array of high quality content and advanced services over broadband networks. BigBand Networks' customers, including several leading cable operators, currently use BMRs to provide more than 1.5 million digital cable subscribers with services such as digital broadcasting, digital ad insertion, and HDTV (High Definition TV) A set of digital television (DTV) standards that offer the highest resolution and sharpest picture. Although some HDTV sets are available in standard (rather square) screen sizes, the overwhelming majority of sets are wide screen, which eliminates . "AOL Time Warner Ventures' participation in this funding round represents an advance in our ongoing relationship," said Amir Bassan-Eskenazi, 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 BigBand Networks. "AOL Time Warner is a very strategic customer and partner to BigBand Networks, as the second largest cable operator, and as a global leader in many aspects of communications, services and content. Our two companies are collaborating on expanding the volume and variety of high quality content and advanced, interactive services provided to broadband network subscribers." "BigBand Networks represents a compelling investment due to the company's penetration of several growing markets with the Broadband Multimedia-Service Router," said Len Leader, President of AOL Time Warner Ventures. "As more network operators introduce new services to mass markets, BigBand Networks' BMR platform allows them to enhance bandwidth and resource efficiency, network control, and service functionality. We look forward to working closely with the company." ABOUT BIGBAND NETWORKS BigBand Networks, Inc. designs, manufactures, sells and supports Broadband Multimedia-Service Routers (BMR). The BMR is a new class of router built on the company's NativeMedia(TM) technology that uniquely routes and integrates video, audio and data in their native formats. This enables service providers to deliver broadcast-quality content and advanced, interactive services such as digital broadcasting, HDTV, ad insertion, VOD See video-on-demand. VoD - video on demand and iTV to the mass market. The company's customers include Time Warner Cable This article or section needs sources or references that appear in reliable, third-party publications. Alone, primary sources and sources affiliated with the subject of this article are not sufficient for an accurate encyclopedia article. , AT&T Broadband, Cox Communications and Rogers Cable. BigBand Networks is based in Redwood City, CA. For more information on BigBand Networks, please visit www.bigbandnet.com. ABOUT AOL TIME WARNER VENTURES AOL Time Warner Ventures is a unit of AOL Time Warner. AOL Time Warner Inc. is the world's leading media and entertainment company, whose businesses include interactive services, cable systems, filmed entertainment, television networks, music and publishing. |
|
||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion