Comcast Interactive Capital Invests in BroadLogic.$17 Million Investment led by Comcast Interactive Capital, and Including Advance/Newhouse Validates BroadLogic's Market-Changing Technology 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. -- BroadLogic Network Technologies, a leading provider of silicon solutions for broadband networks You can assist by [ editing it] now. , today announced it has completed a strategic round of financing led by Comcast Interactive Capital, with Advance/Newhouse also joining as a new investor. Key existing investors, including Time Warner Investments, Rho Ventures, Cisco, Levensohn Venture Partners, Walden International, Presidio and Intel, continued their support by also participating in the financing round. The $17 million total investment will be used to accelerate BroadLogic's pace of innovation and expand deployment activities across a variety of applications in the network. In addition to leading the round, Comcast Interactive Capital has joined BroadLogic's board of directors, where it will assist the company in addressing cable and service provider market opportunities for the company's TeraPIX[TM] video processor and Wideband Receiver[TM] product lines. "BroadLogic's innovative chipsets recover bandwidth for cable operators and enhance platforms ranging from network infrastructure to gateway devices in the MDU (1) (Multiple Dwelling Unit) A commercial or residential building with multiple offices or apartments. See BLEC. (2) (Multiply-Divide Unit) A high-speed circuit that performs multiplication and division within the CPU. (multi dwelling unit) and home," said Louis Toth, Managing Director, Comcast Interactive Capital, and the newest BroadLogic board member. "We believe the potential for these technologies extends beyond the current products and offers the industry a path to a future generation of revenue-generating applications." Consumer appetite for multi-play broadband services, including video, voice, and data, continues to grow, and BroadLogic's cost-effective technologies enable multiple service operators (MSOs) to keep pace with subscriber demand by utilizing BroadLogic based solutions across applications in the network. Investment in BroadLogic reflects the increasing opportunities in the broadband industry and recognition that competitiveness depends on accommodating more consumer choice, and that in turn depends on increasing bandwidth. "Demand for additional bandwidth to the home is growing rapidly, as the number of HD channels multiply and as we scale our networks to provide ultra-high-speed internet access See how to access the Internet. ," said Nomi Bergman, Executive Vice President of Strategy and Development, Advance/Newhouse Communications, manager of the nation's sixth-largest cable operator Bright House Networks. "BroadLogic's technology provides operators a competitive advantage because it enables today's HFC network (Hybrid Fiber-Coax network) A communications network (typically a cable TV network) that uses a combination of optical fibers and coaxial cable. The fiber provides the high-speed backbone, and the coax is used to connect end users to the backbone. to deliver much higher bandwidth in a subscriber-friendly and cost-effective way." "We are thrilled to welcome Comcast and Advance/Newhouse as our newest investors," said Danial Faizullabhoy, 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 BroadLogic. "Consumer demand and industry competition have made our broadband solutions compelling today, and we are working with leading manufacturers toward rapid commercial deployments." About Comcast Interactive Capital Comcast Interactive Capital (CIC CIC circulating immune complexes. CIC Circulating immune complexes. See Immune complexes. ) is a venture capital fund focused on broadband, enterprise and interactive technologies. CIC is affiliated with Comcast Corporation, a diversified global leader in cable, broadband services, telecommunications and entertainment. CIC's primary goal is to generate superior financial returns from private equity investments in early-stage technology companies. To achieve this goal, CIC works to foster the success of its portfolio companies by bringing to bear the unique resources, experience, and insight of both CIC and the Comcast family of companies. Additional information is available at www.civentures.com. About Advance/Newhouse Communications Advance/Newhouse manages Bright House Networks, the nation's 6th largest cable operator, serving over 2.2 million subscribers in cable television systems located in and around Tampa Bay Tampa Bay, inlet of the Gulf of Mexico, 25 mi (40 km) long and 7 to 12 mi (11.3–19 km) wide, W Fla., separated from the Gulf by numerous small islands; it receives the Hillsborough River. St. , Central Florida
Central Florida is the central region of the United States state of Florida, on the East Coast. , Indianapolis, Birmingham, Bakersfield and Detroit along with several smaller systems in Alabama and panhandle Florida. Advance/Newhouse is a privately held company privately held company A firm whose shares are held within a relatively small circle of owners and are not traded publicly. headquartered in Syracuse, New York
Syracuse (IPA: . The Advance/Newhouse partners' other interests include Conde Nast magazines, PARADE magazine, daily newspapers serving 26 cities, American City Business Journals, which publishes business journals in over 40 cities, Advance Internet and CondeNet, producers of online services, and a significant interest in Discovery Communications, Inc. About BroadLogic 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. , BroadLogic designs and supplies breakthrough video-processing technologies that enable broadband network operators to maintain their competitive edge by offering next-generation video-on-demand, digital-video, voice, and high-speed data services to more consumers. BroadLogic's patented technologies power devices that simultaneously process an order of magnitude A change in quantity or volume as measured by the decimal point. For example, from tens to hundreds is one order of magnitude. Tens to thousands is two orders of magnitude; tens to millions is three orders of magnitude, etc. more video content than conventional approaches, helping operators maximize revenue gains while controlling operational and capital expenditures. For more information please visit www.broadlogic.com. |
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