Comcast Interactive Capital Invests in Cedar Point Communications.Business Editors & High Tech Writers DERRY, N.H.--(BUSINESS WIRE)--Sept. 17, 2002 Cedar Point Cedar Point is a 364 acre (1.5 km²) amusement park located in Sandusky, Ohio, U.S. on a narrow peninsula jutting into Lake Erie. It is one of the world's largest amusement parks (by ride count) with 69 rides and currently holds the world record for most roller coasters with 17, one Communications, the leader in integrated, packet-based voice and multimedia switching technology for the cable industry, announced today that Comcast Interactive Capital has completed an investment in the company. Comcast Interactive Capital's participation follows the latest successful performance of Cedar cedar, common name for a number of trees, mostly coniferous evergreens. The true cedars belong to the small genus Cedrus of the family Pinaceae (pine family). Point's SAFARI C(CUBED) Media Switching System in trials at Comcast's (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on : CMCSK, CMCSA) Philadelphia laboratory. Comcast Interactive Capital has taken an undisclosed position in Cedar Point's $19 million first round of funding, which was led by 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. Ventures and Battery Ventures. SAFARI C(3), the only integrated carrier-class voice-over-IP solution designed exclusively for the cable industry, includes all of the discrete VoIP network elements in a single chassis, utilizing a unique set of PacketClass(TM) technologies to bring the high quality and reliability of today's Class 5 voice switches to a packet environment. Designed to be fully compliant with CableLabs(R) PacketCable(TM) specifications, SAFARI C(CUBED) provides superior performance and reliability, significantly reducing capital expenditures, system integration and operations costs for cable operators offering telephony services while increasing network integrity, security and privacy. In addition, SAFARI C(CUBED) includes a unique reverse gateway functionality to handle both VoIP and circuit switched calls simultaneously on the same next generation packet switch fabric. This ability to support circuit-to-circuit, packet-to-packet, circuit-to-packet, and packet-to-circuit traffic provides the cable industry with the first elegant migration strategy for the more than 5 million cable telephony See cable telephone. subscribers worldwide served today by legacy circuit switches. "We are very impressed im·press 1 tr.v. im·pressed, im·press·ing, im·press·es 1. To affect strongly, often favorably: by the rapid progress that the company has made in bringing the unique integrated architecture of the SAFARI C(CUBED) platform to fruition fru·i·tion n. 1. Realization of something desired or worked for; accomplishment: labor finally coming to fruition. 2. Enjoyment derived from use or possession. 3. ," said Samuel Schwartz, Managing Director of Comcast Interactive Capital. "We believe that Cedar Point can play a significant role in the new exciting market of cable IP telephony The two-way transmission of voice over a packet-switched IP network, which is part of the TCP/IP protocol suite. The terms "IP telephony" and "voice over IP" (VoIP) are synonymous. ." "From our initial discussions, the Comcast organization has been an extremely important advocate of our work on an Integrated Switched IP telephony solution," said Mark Galvin, Founder and Chairman of Cedar Point Communications. "Comcast's ongoing technical support has been vital to the development of our revolutionary architecture. Comcast Interactive Capital's financial involvement demonstrates the group's commitment to an integrated approach that can speed the nationwide deployment of cable telephony." Cedar Point previously announced that it will soon begin field trials with MetroCast Cablevision, which serves 90,000 homes in Belmont and Rochester, NH and Sanford, ME. About Cedar Point Communications Cedar Point Communications is creating and commercializing SAFARI C(Cubed)(TM) Media Switching System, an entirely new category of PacketCable(TM) based voice switching equipment tailored exclusively to the broadband cable operator's telephony and broadband media needs. SAFARI C(CUBED) is a totally integrated Carrier Class Cable C("Cubed") telephony solution that is a cost-efficient, less complex alternative to current circuit switched and distributed softswitching cable telephony options. The company was founded by telephony and data veterans, and has assembled an advisory board of cable and broadband communications experts. Cedar Point has received $19 million in funding from Charles River Ventures, Battery Ventures, Ascent Venture Partners, Comcast Interactive Capital, and other investors. The company is based in Derry, NH. For more information, please visit www.cedarpointcom.com. 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 diversified (di·verˑ·s global leader in cable, broadband services See broadband and broadband service provider. , telecommunications Communicating information, including data, text, pictures, voice and video over long distance. See communications. , electronic commerce, 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. CableLabs(R) and PacketCable(TM) are trademarks of Cable Television Laboratories, Inc. |
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