CopperCom Closes $17.5 Million Round of Funding Led by Morgan Stanley; Existing Investors Also Join Round, Demonstrating Confidence in CopperCom's Leadership in Voice over DSL.SANTA CLARA Santa Clara, city, Cuba Santa Clara (sän`tä klä`rä), city (1994 est. pop. 217,000), capital of Villa Clara prov., central Cuba. , Calif.--(BUSINESS WIRE)--June 23, 1999-- CopperCom(TM), a Silicon Valley company that is Giving Voice to DSL DSL in full Digital Subscriber Line Broadband digital communications connection that operates over standard copper telephone wires. It requires a DSL modem, which splits transmissions into two frequency bands: the lower frequencies for voice (ordinary (TM), today announced that it has secured an additional $17.5 million in a third round of financing. Demonstrating confidence in the voice over DSL market, and CopperCom's leadership in it, Morgan Stanley  To comply with Wikipedia's , the introduction of this article needs a complete rewrite. Dean Witter Dean Witter may refer to:
Advent was founded in 1984 by Peter Brooke and Clint Harris to focus on international private equity investing. , Hambrecht & Quist, Intel Corporation (company) Intel Corporation - A US microelectronics manufacturer. They produced the Intel 4004, Intel 8080, Intel 8086, Intel 80186, Intel 80286, Intel 80386, Intel 486 and Pentium microprocessor families as well as many other integrated circuits and personal computer networking , C.E. Unterberg Towbin, Patcricof & Co. Ventures, Inc., JK&B Capital, Kettle Partners, and Charlie Bass also participated in this round. CopperCom will use the funding to expand its marketing and sales, and accelerate R&D efforts for the next generation of Voice over DSL technology and products. "We are delighted that Morgan Stanley has joined the other top-tier players to invest in CopperCom," said Cynthia Ringo, 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 CopperCom. "Voice over DSL combines two extremely high-growth markets, the Internet and telecommunications, and is gaining momentum even faster than we anticipated. So, we are building a significant 'war chest' to ensure our leadership position in this explosive market." CopperCom is paving the way for the next generation of high-bandwidth applications. Its CopperComplete DSL technology and products deliver up to 16 voice lines plus high-speed data, simultaneously, over a single copper pair in the local loop. CopperComplete DSL enables service providers, including ILECs (Incumbent Local Exchange Carriers) and CLECs (Competitive Local Exchange Carriers) to profitably meet the growing demands of small businesses, companies with fewer than 100 employees, and upscale residences. CopperComplete DSL is a powerful new system that provides tremendous efficiencies to the existing telecommunications infrastructure. Economically, the system offers savings up to five times over existing voice delivery solutions. CopperCom recently announced partnership agreements with world-class DSL vendors. The Many Voices of DSL(TM) partner program is designed to grow the market for Voice over DSL by promoting interoperable solutions and standards for this new technology. Premiere partners include Alcatel, 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. , Copper Mountain Networks, Efficient Networks, Inc., FlowPoint Corporation, Netopia, Nokia, PairGain Technologies, Ramp Networks, Redback Networks, Telocity and Turnstone Systems. Funding History CopperCom's first round of funding of $3.6 million was secured in early 1998. Principal investors included Intel Corporation, InveStar Capital, Kettle Partners LP, Volendam Capital Advisors, and Charlie Bass. A second round of financing of $13 million was closed in early 1999. Principal investors included Advent International, Hambrecht & Quist, Intel Corporation, C.E. Unterberg Towbin, Patcricof & Co. Ventures, Inc., JK&B Capital, Kettle Partners, Volendam Capital Advisors, and Charlie Bass. About CopperCom CopperCom is a privately held Silicon Valley company that is Giving Voice to DSL. The company was founded to address a worldwide market that is at the crossroads of voice and data convergence, and is paving the way for the next generation of high-bandwidth applications. CopperCom is leading the market in delivering carrier-class Voice over DSL equipment to incumbent and competitive local exchange carriers. To accelerate market development, the company has taken a leadership role in both market education and standards efforts for Voice over DSL. CopperCom has built a strong management team with expertise across both the data and voice networking industries, international depth in European, Asian and North American North American named after North America. North American blastomycosis see North American blastomycosis. North American cattle tick see boophilusannulatus. markets, and management experience in start-ups as well as large multinationals. The company has attracted engineering talent from AT&T, Ericsson, Nortel, Fujitsu, Ipsilon, Fore, Advanced Micro Devices, AFCI AFCI Association of Film Commissioners International AFCI Arc Fault Circuit Interrupter AFCI Advanced Fibre Communications, Inc AFCI Acupuncture Foundation of Canada Institute (Institut de la Fondation d'Acupuncture du Canada) , DSC (1) (Digital Signal Controller) A microcontroller and DSP combined on the same chip. It adds the interrupt-driven capabilities normally associated with a microcontroller to a DSP, which typically functions as a continuous process. See microcontroller and DSP. , Network Equipment Technologies, Juniper and Madge Networks. CopperCom can be contacted via telephone at 408/567-9277, fax at 408/567-9558, and the Internet at www.coppercom.com. Note to Editors: CopperCom, CopperComplete DSL, Giving Voice to DSL, The Many Voices of DSL, and True Telephony are trademarks of CopperCom, Inc. Other trademarks appearing in this document are the property of their respective owners. |
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