CPlane Corrects and Replaces Previous Announcement, BW2206-1/25, CA-CPLANE.Business Wire/High-Tech Writers NOTE: The following news release replaces and corrects the previous CPlane news release, which ran January 25 on Business Wire, BW2206 (CA-CPLANE) LOS ALTOS Los Altos (lôs ăl`tōs, lŏs), residential city (1990 pop. 26,303), Santa Clara co., W Calif.; inc. 1952. There is diversified light manufacturing. , Calif.--(BUSINESS WIRE)--Jan. 25, 2001 CPlane Secures $25M in Third Round of Funding; Investors Include Pequot Private Equity, Amerindo, CMEA CMEA Council for Mutual Economic Assistance CMEA Cellular Message Encryption Algorithm CMEA Canadian Music Educators' Association CMEA Council for Mutual Economic Aid CMEA Certified Machinery Equipment Appraiser CMEA Colorado Music Education Association , ONSET and Woodside Fund CPlane, Inc., the leader in network control software products, today announced the completion of its third round of venture financing for $25 million. The capital will be used to further CPlane's leadership in the network control software industry by accelerating its delivery of new products, and expanding its engineering, marketing and sales teams. Pequot Private Equity, the direct venture investment arm of Pequot Capital Management, Inc., led the round, accompanied by first time investors Amerindo Investments and the Woodside Fund. CPlane's early stage investors, CMEA Ventures and ONSET Ventures, also participated in the financing round. "Our investment in CPlane reflects our confidence in the management of the company and the validity of its business model," said Michael Karfopoulos, principal, Pequot Capital, who will join CPlane's Board of Directors. "We believe that our operations experience, market knowledge and our commitment to investing in companies throughout their evolution will have a demonstrable de·mon·stra·ble adj. 1. Capable of being demonstrated or proved: demonstrable truths. 2. Obvious or apparent: demonstrable lies. impact on CPlane, a company well positioned for success in optical network control software." CPlane products are being utilized by top-tier Incumbent Local Exchange Carriers ILEC, short for incumbent local exchange carrier, is a local telephone company in the United States that was in existence at the time of the break up of AT&T into the Regional Bell Operating Companies (RBOCs) also known as the "Baby Bells". (ILECs) and Competitive Local Exchange Carriers (CLECs) as well as next generation service providers. The company's Service Control Platform (SCP (1) (Service Control Point) A node in an SS7 telephone network that provides an interface to databases, which may reside within the SCP computer or in other computers. ) is a real-time 1. real-time - Describes an application which requires a program to respond to stimuli within some small upper limit of response time (typically milli- or microseconds). Process control at a chemical plant is the classic example. , policy-based IP services platform that allows service providers to rapidly develop new, revenue-generating IP services -- helping them to reduce costs by automating network service provisioning and increase profit margins. "CPlane is perfectly positioned to take advantage of the emerging market space for network control software platforms and applications," said Nelu Mihai, CPlane's 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. . "Our team of world class telecom and networking professionals has extensive expertise in networks design and software development. This new funding will allow us to enhance our engineering team, expand our sales, business development and marketing groups, and further drive the development of new network solutions." About CPlane, Inc. Founded in 1998, CPlane is the leading provider of network control services software products for IP, optical and next generation networks. Its Service Control Platform (SCP) enables service providers the ability to deliver IP and optical networks that can support differentiated, billable, premium services with robust service level agreements. CPlane's SCP can also dynamically adapt to changing network conditions and user requirements. CPlane's SCP forms a distributed, real-time control Real-time control is a popular term for a certain class of digital controllers. For effective digital control, it is critical that sample time be constant. Real-time control achieves nearly constant sample time. See also
CPlane is located in Los Altos, California Los Altos (IPA: [lɔs ɑltos]) is a city at the southern end of the San Francisco Peninsula, in the San Francisco Bay Area. The city is in Santa Clara County, California, United States. , and can be found on the Internet at www.cplane.com and contacted via telephone at 650/938-8066. About Pequot Private Equity Pequot Private Equity is the direct venture investment arm of Pequot Capital Management, Inc., a leading investment firm with more than $10 billion under management in 21 funds. Leveraging Pequot Capital's in-depth global research, market access and proven lifecycle investment expertise, Pequot Private Equity helps early-stage start-ups and emerging companies build a sustainable competitive advantage in fast-moving technology markets. Pequot Private Equity invests in young and growing companies pursuing leadership in such dynamic market sectors as telecommunications Communicating information, including data, text, pictures, voice and video over long distance. See communications. and network infrastructure, eBusiness, and technology-enabled healthcare. Pequot Capital manages investments across all stages of a portfolio company's growth, from start-up to maturity. Pequot Capital is 100% employee-owned and has offices in New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of , Westport, and San Francisco San Francisco (săn frănsĭs`kō), city (1990 pop. 723,959), coextensive with San Francisco co., W Calif., on the tip of a peninsula between the Pacific Ocean and San Francisco Bay, which are connected by the strait known as the Golden . For more information please visit www.pequotcap.com. For information about CPlane's investors, please visit their Web sites: Amerindo Investments - www.amerindo.com CMEA Ventures - www.cmeaventures.com ONSET Ventures - www.onset.com Pequot Private Equity - www.pequotcap.com Woodside Fund - www.woodsidefund.com |
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