World Wide Packets Raises $25.5 Million in Funding from Leading Industry Investors; Recent Round to Drive Product Expansion and Further Sales Reach.SPOKANE, Wash. -- World Wide Packets, the leading provider of Carrier Ethernet solutions, announced today that it has successfully completed a round of funding for $25.5 million. The round was co-led by Eagle River Holdings, LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control and Rally Capital, LLC. These new investors join existing shareholders Argo Capital, Azure azure /az·ure/ (azh´er) one of three metachromatic basic dyes (A, B, and C). az·ure n. Any of various dyes used in biological stains, especially for blood and nuclear staining. Capital Partners, Madrona Venture Group, Northwest Venture Associates and Entrepia Ventures. The proceeds from this financing will enable World Wide Packets to further develop its innovative Carrier Ethernet solutions, increase its sales capacity and product adoption with carriers, as well as expand its international market base. World Wide Packets is changing the economics for service providers, cable operators, emerging carriers and municipalities by dramatically reducing the capital expenditure and operating costs operating costs npl → gastos mpl operacionales associated with the deployment of and migration to Carrier Ethernet. The World Wide Packets solution has been globally adopted as it provides the most comprehensive characteristics of circuit-switched solutions; flexibility, resiliency The ability to recover from a failure. The term may be applied to hardware, software or data. and Hard QoS (quality of service) for every application. This unique combination, while compatible with any standards based Ethernet, makes possible the creation and rapid deployment of a full range of service types including IPTV (Internet Protocol TV) Also called "TV over IP," IPTV delivers scheduled TV programs and video-on-demand (VOD) via the IP protocol and digital streaming techniques used to watch video on the Internet. , VoIP and mission critical data over a common service delivery infrastructure. During the past year, World Wide Packets grew its customer base with the addition of several new partners and carrier customers including international network vendor Marconi and leading UK service provider ntl. Eagle River and Rally Capital have a long, successful history investing in start up telecommunications companies See telecom company. . The new investors will provide additional telecommunications Communicating information, including data, text, pictures, voice and video over long distance. See communications. expertise with the addition of Eagle River's Rob Mechaley and Rally Capital's Dennis Weibling to the World Wide Packets Board of Directors. "Rally Capital invests in companies well positioned to take advantage of emerging market opportunities and who have established themselves as the premier supplier in their market. We look forward to supporting World Wide Packets as they continue their growth," said Dennis Weibling, managing director, Rally Capital. "We anticipate World Wide Packets' ongoing success toward shaping the marketplace." "We are delighted that Eagle River and Rally Capital have joined our trusted group of investors at this exciting time in the Company's history" said Dave Curry, 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 World Wide Packets. "The continued confidence of top-tier investors in World Wide Packets is a testament to the company's role as one of the fastest growing companies for Carrier Ethernet solutions. This round of funding marks a major milestone for World Wide Packets as we experience an impressive success rate and development in a market poised for burgeoning growth and demand." "As the market demand for Carrier Ethernet rises, vendors that provide innovative engineering and understanding of the evolving market trends, will stand apart. World Wide Packets has demonstrated this form of leadership through its quality of products," said Rob Mechaley of Eagle River. "Their unique value proposition and approach are why we made the decision to invest in the company." "2006 is projected to be a high- growth period for Carrier Ethernet providers, and World Wide Packets is poised to spearhead the movement by delivering network solutions that meet the demands of this rapidly expanding market," said Douglas Schrier, senior partner, Argo Capital. "As one of World Wide Packets' previous investors, we have always been impressed by the company's execution. They have an impressive track record of pioneering innovative solutions and garnering significant customer traction Traction Definition Traction is the use of a pulling force to treat muscle and skeleton disorders. Purpose Traction is usually applied to the arms and legs, the neck, the backbone, or the pelvis. ." About World Wide Packets World Wide Packets is a leading provider of Carrier Ethernet solutions that allow service providers, cable operators, emerging carriers and municipalities to realize a new level of speed and agility in the deployment of revenue generating Ethernet services. With World Wide Packets' LightningEdge(R) product family, carriers can address the demand with their growing subscriber base by fully leveraging the power, flexibility and low cost of Ethernet technology, while dramatically reducing the CapEx and OpEx of existing legacy networks. Only World Wide Packets offers the QoS, scalability, reliability and manageability necessary to making Carrier Ethernet services such as IPTV, VoIP, mission critical data and wireless transport a reality. For more information on World Wide Packets, please visit www.worldwidepackets.com. About Eagle River Holdings, LLC Eagle River Holdings, LLC is part of a group of closely held A phrase used to describe the ownership, management, and operation of a corporation by a small group of people. In a closely held corporation, the same people often act as shareholders, directors, and officers, and no outside investors exist. investment companies formed by Craig McCaw Craig McCaw (b. August 11, 1949 in Centralia, Washington) is the second of four sons of Marion and John Elroy McCaw. The Seattle-area businessman and entrepreneur achieved success as a pioneer in the cellular phone industry. , beginning in 1993. Eagle River invests primarily in telecommunications and technology companies. The group's past investments have included Nextel, Nextel Partners, RadioFrame Networks, Clearwire Corporation and ICO ICO Icon (File Name Extension) ICO In Case Of ICO Information Commissioner's Office (UK) ICO Instituto de Crédito Oficial (Spain: Official Credit Institute) Global Communications, among others. About Rally Capital, LLC Rally Capital, LLC was formed in early 2005 with a focus on investing in telecommunications companies. Bringing decades of strategic industry experience and relationships, Rally invests in companies with innovative approaches to meet the needs of their customers and service organizations. About Argo Capital Argo Capital is a leading venture capital firm focused on investing in companies that are enabling the convergence of wireless communications wireless communications System using radio-frequency, infrared, microwave, or other types of electromagnetic or acoustic waves in place of wires, cables, or fibre optics to transmit signals or data. and the Internet. Its relationship with telecommunications operators and industry partners on four continents provides relationships and knowledge that add real value and increase the odds of its' portfolio companies achieving their goals. For more information, please visit www.argoglobal.com. About Azure Capital Partners Azure Capital Partners is an early stage venture capital firm with over $500 million under management, headquartered in San Francisco, California “San Francisco” redirects here. For other uses, see San Francisco (disambiguation). The City and County of San Francisco (EN IPA: [sænfrənˈsɪskoʊ] . Our goal is to identify, invest in and help build earlier stage information technology companies that are at the forefront of a transformative opportunity for growth. Our partners have a long track record of identifying and helping to build some of the most successful companies in communications, software and related technology segments. Azure Capital Partners support portfolio companies with active guidance to our entrepreneurs in all key aspects of strategy, operations and governance. For more information, please visit www.azurecap.com. About Madrona Venture Group Madrona Venture Group LLC (www.madrona.com) is an early-stage venture capital firm focused on the information technology economy in the Pacific Northwest. The firm targets investments in technology companies, with an emphasis on enterprise software and services, consumer software and services, and wireless, networking and infrastructure. Based in Seattle, Madrona has a $250 million fund that includes early-stage investments such as Isilon Systems  This article or section is written like an .Please help [ rewrite this article] from a neutral point of view. Mark blatant advertising for , using . , Impinj and ShareBuilder. For more information, visit www.madrona.com. About Northwest Venture Associates Northwest Venture Associates (NWVA NWVA Northwest Venture Associates (Washington) ) has $190 million under management and is the largest venture capital fund exclusively invested in Pacific Northwest-based companies. Led by founder and managing partner Tom Simpson
Tom Simpson (30 November 1937 - 13 July 1967) was an English road racing cyclist who died of exhaustion on the slopes of Mont Ventoux during the 13th stage of the Tour de , NWVA has more than 15 years of experience investing in both start-up and mature businesses across several industries, such as enterprise software, healthcare, Internet, specialty retail and wireless. Additional information on Northwest Venture Associates can be found at www.nwva.com. Access Brilliance, Ethernet to the Subscriber, ETTS ETTS Eyes to the Sky (band) ETTS Emirates Technical & Thermal Systems Company, LLC ETTS Entry Tunnel Transfer System , Fiber to the Subscriber, FTTS FTTS Fly to the Sky (band) FTTS FIFRA/TSCA Tracking System (EPA) FTTS Future Tactical Truck System FTTS Future Train Traffic Control FTTS Factor-To-Target Sequence , LightningEdge, World Wide Packets and the World Wide Packets logo are trademarks of World Wide Packets Incorporated. All other trademarks are the property of their respective owners. |
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