City of Oakland Chosen as Worldwide Headquarters for Zhone Technologies.Business Editors/High Tech Writers OAKLAND Oakland, city (1990 pop. 372,242), seat of Alameda co., W Calif., on the eastern side of San Francisco Bay; inc. 1852. Together with San Francisco and San Jose, the city comprises the fourth largest metropolitan area in the United States. , Calif.--(BUSINESS WIRE)--Feb. 2, 2000 Zhone Technologies, Inc., the first company dedicated to building comprehensive delivery solutions for voice, data, and content services, today announced plans to break ground on its new worldwide corporate headquarters in Oakland, Calif. Oakland's Mayor Jerry Brown For the whistleblower, see . Edmund Gerald "Jerry" Brown, Jr. (born April 7, 1938), is the Attorney General for the state of California. Brown has had a lengthy political career spanning terms on the Los Angeles Community College Board of Trustees (1969-1971), as California and Mory Mory is the name or part of the name of three communes of France:
The ceremony will take place today at 11:00 a.m. adjacent to Zhone's temporary headquarters at 7677 Oakport Street. The new headquarters will consist of four multi-story buildings with a total area of approximately 300,000 square feet. The campus will support up to 1500 employees and house the full spectrum of corporate functions, including areas dedicated to R& and manufacturing. The first building is scheduled for completion in June 2000. &uot;Oakland is fast becoming the new corporate hub of the Bay Area,&uot; said Mayor Brown. &uot;Our success in attracting cutting-edge companies like Zhone clearly demonstrates Oakland's ability to accommodate the corporate needs of all types of businesses.&uot; &uot;Zhone is a model corporate neighbor,&uot; said Oakland City Council member Larry Reid, District Seven. &uot;The company has provided state-of-the-art computer systems for use in local recreation centers, committed to sponsoring mentoring programs with local schools, and voluntarily agreed to participate in the City's `First Source' employment referral program.&uot; &uot;We are anxious to begin construction on our new headquarters and are very pleased to be here in Oakland,&uot; said Ejabat. &uot;The City of Oakland and Mayor Brown have been very supportive of our plans and recognize the importance of attracting aspiring as·pire intr.v. as·pired, as·pir·ing, as·pires 1. To have a great ambition or ultimate goal; desire strongly: aspired to stardom. 2. companies like Zhone to the city of Oakland.&uot; About Zhone Technologies, Inc. Founded in September 1999 and based in Oakland, Calif., Zhone Technologies is a new breed of equipment provider with a new vision of product development, delivery, and support for telecommunications Communicating information, including data, text, pictures, voice and video over long distance. See communications. carriers worldwide. Starting with an unprecedented $500 million in funding, Zhone's strategy is to combine existing solutions with Zhone intellectual property to create a product portfolio that is purpose-built to cost-effectively supply multi-million-user next-generation networks with a rich array of voice, video, Internet Internet Publicly accessible computer network connecting many smaller networks from around the world. It grew out of a U.S. Defense Department program called ARPANET (Advanced Research Projects Agency Network), established in 1969 with connections between computers at the , and entertainment services. The company was founded by the senior management team that grew telecommunications pioneer Ascend Communications, Inc., from its startup roots to the multi-billion-dollar company acquired by Lucent Technologies (NYSE NYSE See: New York Stock Exchange : LU) in September 1999. Zhone's initial investors include Kohlberg Kravis Roberts Kohlberg Kravis Roberts & Co (commonly referred to as KKR) is a New York City-based private equity firm that focuses primarily on late-stage leveraged buyouts. It was founded in 1976 by Jerome Kohlberg, Jr., and cousins Henry Kravis and George R. &Co., Texas Pacific Group, and New Enterprise Associates. For more information about Zhone, consult the company Website at http://www.zhone.com. |
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