Printer Friendly

C-Port Corporation Secures Second Round of Venture Financing.

NORTH ANDOVER, Mass.--(BUSINESS WIRE)--July 6, 1999--

Funding for communications platform start-up company now totals

$28 million from leading venture capital firms in Boston, New York,

and Silicon Valley

C-Port(tm) Corporation, the pioneering communications platform company, today announced that the company has secured a $19 million second round of venture financing. This second round includes a lead investment from Amerindo Investment Advisors as well as funding from its initial investors -- Benchmark Capital, Bessemer Venture Partners, and Charles River Ventures.

"We view this level of commitment from both our initial and new investors as an endorsement of C-Port's clear differentiation in the rapidly evolving network IC market," said Larry Walker, president and CEO of C-Port. "We intend to continue leading the market by offering network OEMs a distinctly better way to develop innovative, high-performance products in Internet time."

C-Port will use the funding to support the company's rapid growth. In the last quarter alone, the company announced its first products - the C-Ware Development System and the C-Ware Software Toolset - and attracted eight leading-edge hardware and software companies to its C-Ware Partner Program.

Although many companies have announced plans to develop products that are loosely termed "network processors," C-Port remains the only company providing a complete, open communications platform. This platform approach offers network OEMs key advantages as they work to bring innovative, high-performance products to market quickly. For example, the C-Ware platform features a family of full-custom micro-multiprocessors that provide both wire-speed performance and full programmability in the familiar C language. C-Ware also offers a robust set of software interfaces, called Communications Programming Interfaces (CPIs) that simplify development and provide compatibility across generations of communications processors. In addition, the C-Ware platform includes a comprehensive set of industry-standard tools and support services that enhance developers' productivity in the design, development, debugging, and performance tuning of communications products.

About C-Port

C-Port Corporation is a privately held startup company focused on radically improving the networking industry's ability to develop, deploy, and provision communications services. Combining expertise in full-custom microprocessors, networking, and software development tools, C-Port's unique team offers the industry's first communications platform, called C-Ware(tm). The C-Ware(tm) platform enables vendors to develop high-speed networking products quickly and cost-effectively, shrinking their development cycles and freeing them to concentrate on delivering innovative features and services for their enterprise and service provider customers.

For more information on C-Port, visit our web site at www.cportcorp.com. Customers interested in additional information can contact C-Port sales at 978-773-2368, or send e-mail to sales@cportcorp.com.

Note to Editors: C-Port, the C-Port logo, C-Ware Partner, and C-Ware are trademarks of C-Port Corporation.
COPYRIGHT 1999 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1999, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

Article Details
Printer friendly Cite/link Email Feedback
Publication:Business Wire
Date:Jul 6, 1999
Words:437
Previous Article:Visual Networks Participates With Microsoft in Working Group Focused On Active OSS Solutions.
Next Article:Gemplus and Welcome Real-Time Team Up to Develop Payment and Loyalty Market for Multi-Function Smart Cards.
Topics:


Related Articles
CopperCom Closes $30 Million Round of Funding Led by Technology Crossover Ventures; Venture Capital to Accelerate Deployment of CopperCom's Voice...
dot com fever BLACK-ORIENTED.
Wilder Balter opens senior housing complex.
RioPort Secures $31.5 Million in Second-Round Financing; RioPort Partners with Strategic Investors to Drive Digital Audio Initiatives.
Venture funding gets less venturesome: it's become very difficult to get capital for start-up enterprises, no matter how promising their ideas....
MEXICO VS. PORTUGAL.

Terms of use | Privacy policy | Copyright © 2018 Farlex, Inc. | Feedback | For webmasters