BroadJump Secures Strategic Investment From SBC Communications, BellSouth Corporation and Nortel Networks.Business Editors & High Tech Writers AUSTIN, Texas--(BUSINESS WIRE)--July 30, 2001 Companies Collaborate to Advance the Fulfillment of Value-added Services to Consumers Over Broadband BroadJump, Inc., the leading provider of software solutions for the intelligent fulfillment of broadband services, today announced that SBC (1) (SBC Communications Inc., San Antonio, TX, www.sbc.com) A large, national telecommunications company that grew from a multitude of local and regional companies, including Southwestern Bell, Pacific Bell and Nevada Bell, into a single, unified brand by 2002. Venture Capital Corporation, a subsidiary of SBC Communications, BellSouth Corporation and Nortel Networks (Nortel Networks Limited, Brampton, Ontario, www.nortelnetworks.com) A world leader in telecommunications products, which includes switching, wireless and broadband systems for service providers and carriers, telephones and systems for residential and business users, computer telephony have participated in the company's third round of funding worth $22 million. In addition to advancing its solution offerings, BroadJump will use these new funds to support worldwide expansion and to drive its leadership position in broadband service fulfillment. BroadJump's strong financial backing from broadband market leaders demonstrates the industry's heightened interest in software solutions that help broadband service providers move beyond just the installation and management of basic high-speed Internet See broadband. access. Increasingly, service providers are turning to solutions that take them closer to profitability by leveraging broadband as a channel to deliver the revenue-generating services most highly demanded by consumers such as virus-protection, firewall solutions and video-on-demand. Cahners In-Stat, an Arizona-based research firm, forecasts total worldwide broadband service revenues to reach $37 billion by 2005. "SBC's investment is based on BroadJump's history of continued success in transforming broadband from a simple, always-on connection to an interactive tool consumers can use to change the way they live, work and play," said Abha Divine, vice president of strategy for SBC Communications. "The combination of BroadJump's advanced technology platform and our shared vision makes this investment a natural fit." In little more than two years, BroadJump has established customer relationships with the industry's leading service providers, which together account for more than 60 percent of the North American North American named after North America. North American blastomycosis see North American blastomycosis. North American cattle tick see boophilusannulatus. broadband market. With its flagship product A primary product of a company, which is typically why the company was founded and/or what made it well known. For example, MS-DOS, Windows and the Microsoft Office suite have been flagship products of Microsoft. CorelDRAW is a flagship product of Corel Corporation. , Virtual Truck(R) Installer, BroadJump is fulfilling high-speed access for more than 8,000 broadband consumers a day and is managing more than 500,000 connections with its connection management solution, CorrectConnect(TM). This success, combined with an impressive list of strategic investors, solidifies BroadJump's leadership position in driving the industry from the fulfillment of basic high-speed access to enabling the delivery of multiple broadband services over the first mile. "BellSouth is committed to providing consumers with a top-notch broadband experience and our investment in BroadJump and our implementation of the PC Qualification, Virtual Truck Installer and Connection Manager tools illustrates this commitment," said Ralph de la Vega Ralph de la Vega, a native of Cuba, is the President and CEO - AT&T Mobility.Previously, he was the President of Latin America Operations, and the President of Broadband and Internet Services for BellSouth's operations in ten countries (Argentina, Uruguay, Colombia,Venezuela, , president of BellSouth broadband, Internet and data services. "BroadJump has shown an in-depth knowledge of the challenges associated with broadband and has consistently delivered innovative solutions to meet those challenges and help us enhance our customer experience. We look forward to evolving our relationship to continue to meet the needs of our BellSouth(R) FastAccess(R) 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 customers." "Since inception, BroadJump has focused on enabling service providers to derive value from their investment in broadband networks  This article or section needs copy editing for grammar, style, cohesion, tone and/or spelling.You can assist by [ editing it] now. ," said Kip McClanahan, president and chief executive officer of BroadJump. "With the support of companies such as SBC, BellSouth, and Nortel Networks, we can enable - for the first time - a revenue-generating channel over broadband by which service providers can deliver digital goods and services In economics, economic output is divided into physical goods and intangible services. Consumption of goods and services is assumed to produce utility (unless the "good" is a "bad"). It is often used when referring to a Goods and Services Tax. ." BroadJump's third round of investment brings the company's total funding to $47 million. Investors from BroadJump's earlier rounds also contributed to this latest funding event including Accel Partners, Austin Ventures, PCG PCG phonocardiogram. Ventures and Techxas Ventures. About BroadJump BroadJump, Inc. (www.broadjump.com) creates software that allows residential broadband service providers - cable, DSL and fixed wireless - to streamline installation, manage the connection and enable the fulfillment of new services. With BroadJump's solutions, service providers can enhance the subscriber experience through intelligent deployment of applications, content and valuable new services. BroadJump's North American customers include Adelphia Communications, AT&T Broadband, 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 , BellSouth Corporation, Road Runner, SBC Communications, Sprint (DSL and fixed wireless), and 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. . Founded in November 1998 by broadband and software industry veterans, BroadJump is headquartered in Austin, Texas with offices located throughout the United States and Canada. |
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