Centerpoint Closes $130 Million Funding Round Led by Putnam Investments and Oppenheimer Funds; Financing Fuels Development and Production of Breakthrough Optical Networking Systems.Business Editors SAN JOSE San Jose, city, United States San Jose (sănəzā`, săn hōzā`), city (1990 pop. 782,248), seat of Santa Clara co., W central Calif.; founded 1777, inc. 1850. , Calif.--(BUSINESS WIRE)--Oct. 31, 2000 Centerpoint Broadband Technologies Inc., a developer of optical networking Communications between computers, telephones and other electronic devices using light. An optical network is far more reliable and has far greater potential transmission capacity than networking in the electrical domain. See optical fiber. transport and aggregation systems, today announced that it has raised approximately $130 million in its mezzanine round of financing. The round, led by Putnam Investments Putnam Investments was founded in 1937 by George Putnam. At the same time, he founded its first mutual fund offering, The George Putnam Fund of Boston.[1] Putnam has offices in London and Tokyo, and its headquarters is located in Boston, Massachusetts. and OppenheimerFunds, includes Amerindo Investment Advisors, Essex Investment Management Company, Firsthand Capital Management, Inc., The Kaufmann Fund, Inc., Octane Capital Management and Pilgrim Baxter & Associates. Also included in the round are a number of top-tier investment banks The following is a list of investment banks Financial conglomerates Large financial-services conglomerates combine commercial banking and investment banking, and sometimes insurance. . The company expects to complete a second close with strategic partners and carriers within the fourth quarter. Earlier stage investors in Centerpoint include BancBoston, Cisco Systems “Cisco” redirects here. For other uses, see Cisco (disambiguation). Cisco System,Inc. (NASDAQ: CSCO, HKSE: 4333 ) is an American multinational corporation with 54,000 employees and annual revenue of US $28.48 billion as of 2006. , Inc., ComVentures, Menlo Ventures, SBC-MKG and US Venture Partners. "We are extremely pleased with the market validation this round of investment brings," said Dana Waldman, Centerpoint'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. . "As Centerpoint continues to grow the company and to move into full production, we look forward to the breadth of experience and relationships these investors will bring," added Waldman. "Putnam finds Centerpoint's value proposition attractive, in both legacy networks and new builds," said Michael Mufson, a managing director with Putnam Investments. "Centerpoint's Subcarrier Multiplexing Subcarrier Multiplexing (SCM) is a method for multiplexing many different fiber optics based communication link into a single uplink fiber. The SCM (also known as SCMA, SubCarrier Multiple Access) is used in passive optical network (PON) access infrastructures as a variant for the maximizes bandwidth, increases flexibility and minimizes costs. Its market opportunities are significant," concluded Mufson. Centerpoint uses its patent-pending Subcarrier Multiplexing (SCM (1) (Software Configuration Management, Source Code Management) See configuration management. (2) See supply chain management. ) technology to create a flexible system that makes it possible for network operators to offer both unparalleled levels of capacity and bandwidth efficiency over a single network platform. With SCM technology in place, network operators will immediately benefit from faster provisioning time and smoother aggregation of multiple access services. The end result is an economically streamlined, efficient network that does not require forklift upgrades to meet continued demand and literally adds a new dimension to the network. About Putnam Investments Founded in 1937, Boston-based Putnam Investments is one of the oldest and largest investment management companies in the United States. Putnam manages $400 billion in assets for 12 million individual shareholder accounts and 1,000 institutional clients. Since February, Putnam has made $170 million in private equity placements. For more information, go to the company's web site, www.putnaminvestments.com. About Centerpoint Broadband Technologies, Inc. Centerpoint Broadband Technologies, Inc., headquartered in San Jose, California San Jose (IPA: /ˌsænhoʊˈzeɪ/) is the third-largest city in California, and the tenth-largest in the United States. It is the county seat of Santa Clara County. , is a rapidly growing optical networking company supplying regional and metropolitan area networks with flexible, high-capacity transport systems to support the exploding growth of Internet and data traffic. Centerpoint's Subcarrier Multiplexing technology is ideal for aggregating and transporting multi-service traffic within optical networks at rates up to 40 Gbps. This same core competency is also being used to dramatically expand throughput of broadband wireless networks bringing high-capacity broadband services closer to the end-user. Founded in 1999, Centerpoint is privately held and has secured approximately $200 million in funding from leading crossover funds, investment banks, strategic partners and venture capital firms Name Location Founding date Managing Partners/Directors Specialty Capital managed 5AM Ventures Menlo Park, CA; Waltham, MA 2002 John Diekman, PhD (managing partner), Scott Rocklage, PhD (managing partner), Andrew Schwab (managing partner) life sciences $200M [1] . For more information, visit Centerpoint at www.centerpoint.com. |
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