Cybergnostic.net Raises $2.7 million.Business Editors TRUMBULL, Conn.--(BUSINESS WIRE)--Dec. 22, 2000 Cybergnostic.net, a managed network service provider, has secured a total of $2.7 million of financing, including second round venture capital led by Connecticut Innovations (Rocky Hill Rocky Hill, town (1990 pop. 16,554), Hartford co., central Conn., a suburb of Hartford, on the Connecticut River; settled c.1650, inc. 1843. Chemical coatings and synthetic textiles are made there. Rocky Hill was an important river port from 1700 to 1820. , CT) and Trident Venture LP (New Canaan New Canaan (kā`nən), town (1990 pop. 17,864), Fairfield co., SW Conn.; settled c.1700, inc. 1801. It is mainly a residential town and suburb of nearby New York City. Silvermine Guild Arts Center is located there. , CT), as well as lease financing led by Nortel Networks (Nortel Networks Limited, Brampton, Ontario, www.nortelnetworks.com) A world leader in telecommunications products, which includes switching, wireless and broadband systems for service providers and carriers, telephones and systems for residential and business users, computer telephony and Cisco Systems. Victor Budnick, President and Executive Director of Connecticut Innovations, the state's high technology investment arm, said "Cybergnostic provides enterprise class networking capabilities to middle-market companies, a critical and unique service in today's networked world." "Cybergnostic is a nicely scalable business that has a proven record of attractive revenue streams," said Robert Blabey, Managing Director, Trident Venture LP. "This funding allows for the future growth of the company, enabling us to add to our core technologies and provide an unparalleled level of service to our growing customer base," said Brad Miller, 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. . Cybergnostic.net has recently moved from its former Fairfield location to a 20,000 square foot facility at 22 Cambridge Drive, Trumbull. The new location houses all of the company's network operations, security management and executive offices. Cybergnostic.net 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. , founded in 1998, to provide medium-sized companies cost predicable pred·i·ca·ble adj. That can be stated or predicated: a predicable conclusion. n. 1. Something, such as a general quality or attribute, that can be predicated. 2. networking services to compete more effectively in today's wired world. Cybergnostic.net differentiates itself by offering its network services to specific industries such as banking, building supply and automotive dealers. Cybergnostic.net has 20 employees and services more than 2,000 users internationally, including locations in England, Canada and the Caribbean. Cybergnostic.net also offers its clients a menu of collaborative products and services. For further information please call 1-800-234-2175 or at www.cybergnostic.net. |
|
||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion