Corporate Profile for Zhone Technologies, dated May 26, 2000.Business Editors --(BUSINESS WIRE) The following Corporate Profile is available for inclusion in your files. News releases for this client are distributed by Business Wire and also become part of the leading databases and online services, including all of the leading Internet-based services. -0-
Published Date: May 26, 2000
Company Name: Zhone Technologies Inc.
Address: 7677 Oakport St.
Oakland, CA 94621
Main Telephone
Number: 510/777-7000
Internet Home
Page Address
(URL) www.zhone.com
Chief Executive
Officer: Mory Ejabat
Chief Financial
Officer: Gary Wetsel
Public Relations
Contact: Tim Donovan
Business number: 510/777-7020
E-mail address: tdonovan@zhone.com
Industry: Telecommunications
Company Description: Founded in September September: see month. 1999 and based in 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., 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. |
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