Mediatrix Receives Additional Funding and Announces New Management Team.Business Editors/High-Tech Writers MONTREAL--(BUSINESS WIRE)--Nov. 10, 2003 Company will continue to execute on its strategic initiatives including an expanded product line and the development of key partner relationships. Mediatrix Telecom, Inc., a leader in Voice over Internet Protocol (VoIP) access technology, today announced that it has received additional funding through its parent company, Media5 Corporation, and has announced a new management team. The funding will be used to support Mediatrix' strategic market initiatives which include the continued expansion of it's award-winning VoIP access devices, gateways and software. Concurrently, the company will apply additional resources to further develop its commercialization efforts within the service provider and enterprise market segments. In line with the company's overall market penetration and growth strategy, Mediatrix has appointed two new senior executives to its management team. Robert Comeau has been named 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 Mediatrix and Norman Rae has been named Vice President, R&D. Mr. Comeau brings with him more than 20 years experience in corporate finance including mergers and acquisitions. He spent a large part of his career at Nortel Networks where he supported various product and sales organizations in the Enterprise, Carrier and Wireless sectors. Recently, he served with Nortel as CFO See Chief Financial Officer. for a major joint venture in Europe. Mr. Comeau is a Chartered Accountant with a Finance degree from L'Ecole des Hautes Etudes Commerciales of Montreal. Mr. Rae has over 30 years experience in telecommunications and high technology companies with specialized experience in packet switching, including VoIP and fiber optics fiber optics, transmission of digitized messages or information by light pulses along hair-thin glass fibers. Each fiber is surrounded by a cladding having a high index of refractance so that the light is internally reflected and travels the length of the fiber . He has several years of international experience for major telecommunications projects and has represented Canada on the International Trade Union (ITU (International Telecommunication Union, Geneva, Switzerland, www.itu.ch) A telecommunications standards body that is under the auspices of the United Nations. Comprising more than 185 member countries, the ITU sets standards for global telecom networks. ). Prior to joining Mediatrix, Mr. Rae was Vice President Professional services for Clarent Corporation. Previously, Mr. Rae held senior level positions at Videotron and CNCP Telecommunications. "Mediatrix happens to be very well positioned with the industry's leading equipment manufacturers and service providers in their efforts to deploy VoIP products and services," stated Robert Comeau, CEO Mediatrix. "As the market moves beyond the early adopter stage, Mediatrix will continue to focus its product development efforts on facilitating the migration of enterprise telephony toward IP networks. To that end, we are ensuring that we have the right people in key positions, as well as a product portfolio and service offering that the market demands." "Recently, Mediatrix announced the launch of a complete line of digital VoIP gateways and routers, made a number of significant announcements regarding new channel and business partner agreements, and has received product certification from leading equipment vendors," added Mr. Comeau. "All of which is evidence of the growing momentum in VoIP in general, and the accelerated pace of interest in Mediatrix products in particular." As a consequence of the new investment in Mediatrix, the company now becomes a wholly owned entity of Media5 Corporation. Media5 Corporation is a high technology holding company based in Sherbrooke, Quebec, Canada. Media5 Corporation also owns M5T, a software provider focused on delivering the latest in SIP software technologies to companies developing applications for real-time multimedia communications over IP. About Mediatrix Products The Mediatrix product line is targeted at telecom equipment vendors developing next-generation VoIP network solutions as well as service providers (ILEC (Incumbent Local Exchange Carrier) A traditional local telephone company such as one of the Regional Bell companies (RBOCs). Contrast with CLEC. See ELEC and TELRIC. , CLEC (Competitive Local Exchange Carrier) An organization offering local telephone service that is not one of the traditional telephone companies. The Telecommunications Act of 1996 allowed competition to the incumbent telcos (ILECs), enabling new companies (CLECs) , MSO (1) (Multiple System Operator) Typically refers to a cable TV organization that owns more than one cable system, but it may refer to an operator of only one system. , ASP, ISP (1) See in-system programmable. (2) (Internet Service Provider) An organization that provides access to the Internet. Connection to the user is provided via dial-up, ISDN, cable, DSL and T1/T3 lines. ) and enterprises deploying VoIP solutions. Mediatrix access devices and gateways are standards based and designed to meet carrier-grade requirements. The products are feature-rich with security and QoS capabilities and interoperate with H.323, SIP, MGCP See MGCP/MEGACO. MGCP - Media Gateway Control Protocol and NCS (Network Call Signaling) CableLabs version of MGCP. See MGCP/MEGACO. NCS - Network Computing System: Apollo's RPC system used by DEC and Hewlett-Packard.The protocol has been adopted by OSF. protocols and also interface with proprietary features of its strategic partners' communication management systems including softswitches, gatekeepers, proxy servers and call agents. About Mediatrix Telecom, Inc. Mediatrix develops and markets advanced VoIP access devices, gateways, routers and value-added software enhancements for the enterprise, 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 residential markets. Its products provide an ideal migration path for end users wishing to protect their current CPE (Customer Premises Equipment) Communications equipment that resides on the customer's premises. CPE - Customer Premises Equipment investment (analog/digital phones, fax machines, PBX (Private Branch eXchange) An inhouse telephone switching system that interconnects telephone extensions to each other as well as to the outside telephone network (PSTN). and Key Systems) while migrating to a converged IP network. Mediatrix products and solutions are widely interoperable and have received commercial endorsement from some of the world's leading manufacturers of telecommunications equipment. Headquartered in Sherbrooke, Canada, Mediatrix has corporate offices in Montreal, Canada and regional offices located in the United States and Europe. For more information please visit www.mediatrix.com. This press release may contain forward-looking statements that are subject to risks and uncertainties. Factors that could cause actual results to differ materially from these forward-looking statements include, but are not limited to, general business conditions in the industry, changes in demand for products, the timing and cancellation of orders and other risks. |
|
||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion