CellGlide Announces $10 Million Funding Round.Business Editors LONDON--(BUSINESS WIRE)--June 10, 2002 TLCom Capital Partners Lead $10 Million Round of Financing; Investors Assert CellGlide's Mobile Traffic Shaping Using methods to keep traffic flowing smoothly in a network. Although the term is often used synonymously with "traffic engineering," traffic shaping deals with managing the network moment to moment, whereas traffic engineering refers to the overall strategies employed in a network. Solutions a Key Enabling Technology for Delivering Mobile Data Services CellGlide, a leading provider of innovative mobile traffic shaping solutions, today announced that it has secured $10 million in a financing round led by TLCom Capital Partners. TLCom partner Giuseppe Curatolo will be joining CellGlide's board of directors. CellGlide is already venture capital backed by Magnum Communications Fund, a leading VC fund investing exclusively in cutting-edge telecom technologies. The leading investors in Magnum include some of Europe's leading operators: Deutsche Telekom Deutsche Telekom AG (ISIN: DE0005557508, FWB: DTE, NYSE: DT, LSE: DEU, TYO: 9496 ) (abbreviated DTAG) is a telecommunications company headquartered in Bonn, Germany. It is the largest telecommunications company in Germany and in the EU. , KPN KPN Koninklijke PTT Nederland (Royal Dutch Telecom) KPN Konfederacja Polski Niepodleglej (Polish conservative party) , and Sonera. Sonera is also an independent shareholder in CellGlide. "We were successful in securing our funding round due to the fact that we deliver a very practical solution to the significant challenges mobile operators face as they try to make mobile data services a reality", said Liron Langer, Chief Executive Officer of CellGlide "CellGlide innovative traffic shaping technology allows mobile operators to increase their return on the investment by providing more profitable services while reducing the required capital expenditure" "CellGlide's mobile traffic shaping technology is a new paradigm New Paradigm In the investing world, a totally new way of doing things that has a huge effect on business. Notes: The word "paradigm" is defined as a pattern or model, and it has been used in science to refer to a theoretical framework. for handling, optimizing and managing mobile data networks", said Giuseppe Curatolo, Partner in TLCom Capital Partners, "mobile operators have confirmed that CellGlide provides them with a key enabling technology for delivering superior mobile data services". The CellGlide GPRS (General Packet Radio Service) The first high-speed digital data service provided by cellular carriers that used the GSM technology. GPRS added a packet-switched channel to GSM, which uses dedicated, circuit-switched channels for voice conversations. Adaptive Switch(TM), CellGlide's innovative mobile traffic shaping solution for GPRS networks, is installed at the core of the mobile data network. The CellGlide GPRS Adaptive Switch(TM) shapes GPRS traffic at the cell level and optimally allocates cell resources in real time, based on their availability, specific service characteristics, and the operator's service policies. The CellGlide GPRS Adaptive Switch(TM) provides mobile operators with a major competitive advantage by enabling them to deliver delay- and rate-sensitive mobile data services, enhancing the user experience, and significantly increasing the cell utilization-- while enjoying an unprecedented visibility of the GPRS network and supporting optimal network dimensioning. "CellGlide presents a unique approach for addressing the challenges of mobile data networks", said Modi Rosen, Managing Partner of Magnum Communications Fund "the combination of the CellGlide team and the CellGlide technology is best positioned to cater for the needs of mobile operators as they launch mobile data services over their 2.5G and 3G networks". About CellGlide CellGlide is a leading provider of mobile traffic shaping solutions for mobile data networks GPRS, EDGE, and UMTS (Universal Mobile Telecommunications System) The GSM implementation of the 3G wireless phone system. Part of IMT-2000, UMTS provides service in the 2 GHz band and offers global roaming and personalized features. . CellGlide's mobile traffic shaping solutions serve as an essential technology for delivering mobile data services. By shaping mobile data traffic at the cell level and optimally allocating cell resources in 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. based on their availability, specific service characteristics and the operator's service policies, CellGlide's solutions significantly increase the utilization of scarce cell resources, improve the quality of service and enable the delivery of delay- and rate-sensitive data services. Furthermore, CellGlide's solutions provide unprecedented visibility of the mobile data network and traffic and enable efficient network dimensioning. Consequently, CellGlide's mobile traffic shaping solutions maximize the mobile operator revenues and return on investment. To learn more about CellGlide, visit its website at www.cellglide.com. About TLcom Capital Partners Limited TLcom Capital Partners is a pan-European venture capital firm headquartered in London. TLcom backs and supports extraordinary entrepreneurs in the European European emanating from or pertaining to Europe. European bat lyssavirus see lyssavirus. European beech tree fagussylvaticus. European blastomycosis see cryptococcosis. technology sector. TLcom was established in 1999 and manages total commitments of 185 million euros. For more information, visit www.tlcom.co.uk About Magnum Communication Fund Magnum Communications Fund is a leading specialized spe·cial·ize v. spe·cial·ized, spe·cial·iz·ing, spe·cial·iz·es v.intr. 1. To pursue a special activity, occupation, or field of study. 2. venture capital fund focusing on investment opportunities in the telecommunications Communicating information, including data, text, pictures, voice and video over long distance. See communications. domain. Worldwide 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. leaders who have joined the fund as partners include Deutsche Telekom, through its venture capital arm T-Ventures; Sonera, a leading international forerunner A family of ATM adapters from Marconi (formerly Fore Systems). See Marconi. in mobile communications; and KPN, the Royal Dutch Telecom company. For more information, visit www.magnum-comm.com |
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