Cayman Systems, Inc., Driven by Rapid Growth, Strengthens Brand and Relocates Headquarters.Business/Technology Editors BILLERICA, Mass.--(BUSINESS WIRE)--July 12, 2000 Recent Move Supports Company's Leading -Edge Position In Gateway Solutions Marketplace Cayman Systems, Inc., a global provider of broadband gateway solutions that deliver intelligent, secure and multi-user access to broadband services See broadband and broadband service provider. , today announced the relocation RELOCATION, Scotch law, contracts. To let again to renew a lease, is called a relocation. 2. When a tenant holds over after the expiration of his lease, with the consent of his landlord, this will amount to a relocation. of its headquarters from Stoneham, MA to Billerica, MA. Cayman's relocation is driven by the Company's rapid growth as a leading provider of broadband gateway solutions. In a related announcement today, Cayman announced the securing of $10 million in the latest round of financing for which Charles River Charles River River, eastern Massachusetts, U.S. The longest river wholly in the state, it flows into Boston Bay after a course of about 80 mi (130 km). Navigable for about 7 mi (11 km), its estuary separates the cities of Boston and Cambridge. Venture is the lead investor. "As a result of the dramatic growth in the demand for broadband access See broadband and wireless broadband. and the subsequent growth in our business," said Peter N. Vicars, 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 Cayman, "we needed office space to accommodate our extremely rapid expansion. For that reason, Cayman is well on target in staking a position as a leader in the broadband gateway market and shaping the concept of providing true digital freedom." The Company expects to grow its number of employees by about 100% over the next six-nine months. From its new headquarters, Cayman will continue to provide superior customer outreach and service to its expanding customer base around the globe. In support of this rapid growth and related expansion of products, Cayman has updated its logo and the presentation of its corporate brand to better represent its new corporate and product direction of delivering digital freedom to home and small office broadband customers. To see the new image and brand, visit the Company's web site www.cayman.com. The Company's new address is 296 Concord Concord, cities, United States Concord (kŏng`kərd, kŏn`kôrd'). 1 city (1990 pop. 111,348), Contra Costa co., W central Calif.; settled c.1852, inc. 1906. Road, Billerica, MA 01821. About Cayman Systems Cayman Systems, Inc, a global provider of broadband gateway solutions, is the leader in enabling the delivery of high-speed voice, video and data to the 21st century small office and home. Cayman calls this Digital Freedom...changing the way people work, live and play. Cayman develops and delivers intelligent, problem-free solutions that enable broadband service providers An ISP, telephone company, cable company or other carrier that offers high-speed communications to homes and businesses, typically for Internet access. Cable modems, DSL and T1 lines are the common technologies. See broadband, cable modem, DSL and T1. to deliver revenue-generating services while maintaining tight cost controls. By working closely with leading international telecommunications service providers A Telecommunications Service Provider or TSP is a type of Communications Service Provider that has traditionally provided telephone and similar services. This category includes ILECs, CLECs, and mobile wireless companies. and manufacturers, Cayman is helping millions of customers experience true digital freedom. Cayman's web site is www.cayman.com. Cayman Systems and the Cayman logo are trademarks of Cayman Systems, Inc. All other trademarks, brand and product names are the property of their respective holders. |
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