CyberPath Secures $21 Million Equity Investment to Bring Leading Edge Gateway Solutions to Market.Business Editors PISCATAWAY, N.J.--(BUSINESS WIRE)--Oct. 5, 2000 CyberPath Inc., a start up company founded by an executive team with a proven track record in the communications industry communications industry, broadly defined, the business of conveying information. Although communication by means of symbols and gestures dates to the beginning of human history, the term generally refers to mass communications. , announced today it has raised $21 million in startup capital. The principal investors include Acorn Angels 2000, H&Q/GAI Incubation Fund, L.P., VenGlobal, Technology Associates Management Company, TechAsia Partners I, L.P., LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control , Trident Microsystems Trident Microsystems is a supplier of display-processors for flat panel displays (plasma, LCD, etc.). At one time, Trident was also a supplier of PC graphics chipsets and sound controllers. , Inc., and others. CyberPath plans to utilize the funds to quickly establish a strong presence in the multi-billion dollar competitive service provider marketplace, providing multi-service and multi-function gateway solutions that will allow CLECs and other service providers to succeed and thrive in the new public network environment. "We are very pleased to participate in the initial round of funding for CyberPath, Inc," said David Tsang, principal partner at Acorn Angels 2000. "The successful track record of accomplishments the CyberPath management team brings to the table, coupled with the superior technology and differentiators incorporated in the CyberPath solutions, position them strongly to lead in this market". CyberPath, Inc. was formed in 1999 by an executive team with years of proven performance and success in the telecommunications space. The company is focused on providing leading edge delivery platforms to enable the deployment of the integrated, value-added services that will enable carriers to lead in the market. "We are excited about partnering with this investment team. Their support and partnership will help us to accelerate our plans to lead in this market", said Dr. Jonathan Ma, 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 CyberPath Inc. "This investment will allow us to continue to expand our development, sales, and support teams, and enable us to finalize the execution of our vision". The first CyberPath solution, the CyberPath ZX2000-L, is a leading-edge multi-service gateway. The ZX2000-L's "access agnostic" technology allows traditional TDM-based and derived voice subscribers from 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 , cable, or wireless access networks to be connected to either a PSTN (Public Switched Telephone Network) The worldwide voice telephone network. Once only an analog system, the heart of most telephone networks today is all digital. In the U.S. or IP network, greatly expanding Service Provider market opportunities. The CyberPath solution enables CLECs, ICPs (Integrated Communications Providers), IXCs, and ILECs to deliver integrated toll-quality voice, data and video services to small business, SOHO Soho (sōhō`, sə–), district of Westminster, London, England, known for its continental restaurants. Once a fashionable quarter, it became popular among writers and artists in the 19th cent. and residence customers over broadband access See broadband and wireless broadband. networks. The CyberPath ZX2000-L has additional unique features that differentiate it strongly from other voice gateways available in the market today. The ZX2000-L smart routing capability enables service providers to implement policies based on time of day, traffic congestion The condition of a network when there is not enough bandwidth to support the current traffic load. congestion - When the offered load of a data communication path exceeds the capacity. , or other network conditions. This capability allows service providers to optimize backbone facility usage and more quickly expand their service offerings. The ZX2000-L integrates readily with SONET ring The architecture used in SONET technology. SONET rings, known as "self-healing rings," use two or more transmission paths between network nodes, which are typically digital cross-connects (DCSs) or add/drop multiplexers (ADMs). architecture, providing unprecedented network reliability and resource distribution options. CyberPath demonstrated the ZX2000-L smart routing and other differentiating technology at SuperComm 2000 in June of this year to a number of select service providers and investors. The demonstration resulted in favorable and continuing interest from service providers, investors, and industry analysts. About CyberPath CyberPath Inc. is a startup company focused on providing multi-service, multi-function gateway solutions to enable carriers to overcome the hurdles and seize the advantages in today's communication market. The company management team has a history of developing and delivering leading communications software and network equipment solutions that enable carriers to succeed and lead in the communications space. The company is headquartered in Piscataway, NJ. CyberPath, Inc. is a spin off company of OpenCon Systems, Inc. OpenCon Systems has been in business since 1991, providing a strong portfolio of network management, OSS Oss (ôs), city (1994 pop. 62,141), North Brabant prov., S Netherlands; chartered 1399. It is a significant industrial center. Manufactures include meat products, chemicals, pharmaceuticals, electrical equipment, and metalware. software/firmware and other solutions contributing to the success of equipment vendors and service providers worldwide. For more information, visit the company Web site at www.cyberpathinc.com |
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