BridgePort Networks Secures $25 Million in Series B Funding.CHICAGO -- BridgePort Networks(TM), a leader in mobile to voice over IP roaming network convergence, today announced the closing of Series B financing, raising $25 million in new capital. New investors TD Capital Ventures, which led the round, and BCE BCE abbr. 1. Bachelor of Chemical Engineering 2. Bachelor of Civil Engineering BCE Abbreviation for before the Common Era. Capital (an affiliate of Bell Canada Bell Canada Enterprises (TSX: BCE, NYSE: BCE), legally BCE Inc., is a major Canadian telecommunications company. Through its subsidiaries including Bell Canada, Bell Aliant, Northwestel, Télébec, and NorthernTel, it is the incumbent local exchange carrier for Enterprises), joined existing investors Polaris Venture Partners and General Catalyst Partners, who also participated in this round. In addition, the company announced that Richard Grinnell from TD Capital Ventures joined the board of directors. "The convergence of broadband and mobile services is clearly a global market with enormous growth potential," said Richard Grinnell of TD Capital Ventures. "TD Capital Ventures invested in BridgePort Networks because it has a stellar team of industry veterans and the right architecture to lead this segment." "BridgePort Networks is bringing innovation that will be invaluable as carriers introduce IP-based services and applications," said Alek Krstajic, BCE Capital Advisory Board member and Chief Marketing Officer, Consumer Markets, Bell Canada. "We're excited by the possibilities that this technology can offer to the communications industry communications industry, broadly defined, the business of conveying information. Although communication by means of symbols and gestures dates to the beginning of human history, the term generally refers to mass communications. and look forward to working with BridgePort Networks management team on the carrier requirements for next generation Internet-mobile convergent solutions." "With this additional funding and our team expansion, BridgePort Networks is well poised to help communications service providers around the world move convergence agendas from strategy to implementation." said Mike Mulica, 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 BridgePort Networks. "BridgePort Networks' NomadicONE Network Convergence Gateway has stimulated an industry wide realization that IP economics can be realized today without compromising wireless service provider business models. We are working with global communications service providers to ensure they take advantage of today's mobile and broadband trends while moving telecommunications into the next era." Converging Mobile and Broadband Services with the NomadicONE(TM) Network Convergence Gateway BridgePort Networks offers a software based network infrastructure platform, the NomadicONE Network Convergence Gateway (NCG NCG New College Graduate NCG Network Convergence Gateway (Nomadicone) NCG National Commissioning Group (England health services procurement) NCG Noncondensible Gas ), which enables the convergence of mobile and IP voice and data services. The product, sold to communications service providers, enables users to have one phone number and integrated features across all devices and networks - mobile, broadband and WiFi. With BridgePort Networks' software and emerging mobile phones that have both mobile and WiFi modes, phone calls to mobile phone numbers are seamlessly handled as Voice over IP calls when in range of a WiFi network See wireless Ethernet and 802.11. . The NomadicONE NCG also permits low cost SIP based IP voice terminals to place and receive calls between Internet and mobile phone numbers. It was also announced today that BridgePort Networks was named to the pulver100 list. About BridgePort Networks(TM) BridgePort Networks(TM) is leading the seamless convergence of mobile and voice over IP services using a single phone number. The core product, the NomadicONE(TM) Network Convergence Gateway (NCG), uses roaming technology to extend single identity phone number services over multiple access networks, including: mobile, cable, 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 and WiFi. The NomadicONE NCG is a key component of an open standards Specifications for hardware and software that are developed by a standards organization or a consortium involved in supporting a standard. Available to the public for developing compliant products, open standards imply "open systems;" that an existing component in a system can be replaced partner ecosystem, mobileIGNITE (TM), comprising end-to-end solutions that improve the quality, coverage and cost of mobile service delivery. BridgePort Networks is headquartered in Chicago, with an R&D facility in Cambridge, Massachusetts This article is about the city of Cambridge in Massachusetts. For the English university town, see Cambridge, England. For other places, see Cambridge (disambiguation). Cambridge, Massachusetts is a city in the Greater Boston area of Massachusetts, United States. and offices in London and Tokyo. For additional information visit us at: www.bridgeport-networks.com. About TD Capital Ventures TD Capital Ventures invests in early and growth stage companies with significant technology assets and market opportunities that span multiple industry sectors. Specifically, TD Capital Ventures focuses on investments in enterprise software, IT infrastructure, semiconductors, and wireless and emerging technologies. TD Capital Ventures has 5 investment professionals with strong investment, technology and operating experience located in its Boston office. TD Capital Ventures is an investment group of TD Capital. Established more than 30 years ago, TD Capital is the private equity arm of TD Bank Financial Group. TD Capital has approximately $1.9 billion of capital under management through its offices located in Canada and the United States The United States and Canada share a unique legal relationship. U.S. law looks northward with a mixture of optimism and cooperation, viewing Canada as an integral part of U.S. economic and environmental policy. . For more information on TD Capital and its investment groups, go to www.tdcapital.com. About BCE Capital BCE Capital is a leading Canadian Venture Capital (VC) firm with a North American North American named after North America. North American blastomycosis see North American blastomycosis. North American cattle tick see boophilusannulatus. focus that invests in early stage innovative companies in both communications and information technology. Since 1987, BCE Capital has had a successful track record in backing and assisting over 40 emerging growth companies and their entrepreneurs, many of which have gone on to be leaders in their respective industries. BCE Capital is currently investing in its fourth fund, with a mandate over the next five years to manage an investment pool of $250 million in venture related investments. BCE Capital, with offices in Toronto and Ottawa, is an affiliate of Bell Canada Enterprises, Canada's largest communications company. Additional information on BCE Capital can be found at www.bcecapital.com About General Catalyst Partners General Catalyst Partners is a private equity firm that invests in exceptional entrepreneurs and technical founders who are building the software solution and technology platform companies that will lead innovation and transform industries. Founded in 2000, General Catalyst Partners leverages its principals' extensive operational, business development and technological expertise to provide portfolio companies with a catalyst for success through business building and partnership development assistance. General Catalyst is headquartered in Cambridge, Mass. www.generalcatalyst.com About Polaris Venture Partners Polaris Venture Partners invests in seed and early stage companies and in growth equity companies with substantial operating income Operating Income The profit realized from a business' own operations. Notes: This would not include income from things such as investments in other firms. Also referred to as operating profit or recurring profit. . As the lead or co-lead investor in virtually all of our portfolio companies, we take an active long-term role in helping them develop into successful businesses. We have over $2 billion under management and current investments in more than 60 companies. Polaris-backed companies include: Advanced Inhalation Research (AIR(TM)); Akamai Technologies, Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on : AKAM AKAM Akamai Technologies, Inc. (stock abbreviation) AKAM Automated Key Access Machine ); Allaire Corporation; Aspect Medical Systems (NASDAQ: ASPM ASPM Abnormal Spindle-Like Microcephaly Associated ASPM Asociación del Secretariado Profesional de Madrid (Spanish: Association of the Professional Secretaryship of Madrid) ASPM Armed Services Procurement Regulation Manual ); Centra Software (NASDAQ: CTRA CTRA Canadian Therapeutic Recreation Association CTRA College Terrace Residents' Association CTRA Canadian Telecommunications Resellers Alliance CTRA Committee To Restore America ); deCODE genetics (NASDAQ: DCGN); and SolidWorks (sold to Dassault Systemes). The company has offices in Boston and Seattle. More information about Polaris Venture Partners is available at www.polarisventures.com. |
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