Light Reading

WWP Raises Another $25.5M

Light Reading
News Wire Feed
Light Reading
12/5/2005
50%
50%

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 and Rally Capital, LLC. These new investors join existing shareholders Argo Capital, Azure 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 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 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, 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. The new investors will provide additional telecommunications 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 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 is 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."

World Wide Packets Inc.

(0)  | 
Comment  | 
Print  | 
Newest First  |  Oldest First  |  Threaded View
Flash Poll
From The Founder
Networks of the future will rely on "white box" switches and servers rather than proprietary hardware and that's going to alter the shape of the communications industry. Who says so? John Chambers.
LRTV Custom TV
The Benefits of HyperScale Clouds for NFV

3|27|15   |   01:50   |   (0) comments


Hyperscale cloud has been developed by the Internet giants to support the creation and delivery of software-based services at blistering speeds, and at the lowest possible cost. The original ETSI NFV vision was to adopt hyperscale cloud architecture and practices. This vision has become somewhat obscured along the way, due to misunderstandings about the hyperscale ...
LRTV Huawei Video Resource Center
eLTE Rapid Meets the Need for Speed

3|26|15   |   4:45   |   (0) comments


Designed especially for emergency and dedicated ad hoc local mobile communications coverage, Huawei's eLTE Rapid solution can deliver trunked voice, video and data coverage for multiple users over a 6km range and be set up in just 15 minutes, explains Huawei's Norman Frisch.
LRTV Huawei Video Resource Center
On Videos: Challenges & Opportunities

3|26|15   |   5:56   |   (0) comments


Most everything is now connected. And along with 4K and 4G technologies, everyone could be creating and broadcasting video contents. Users are expecting better video experience with any screen, anywhere and anytime. Operators will meet new challenges, but also see some big opportunities.
LRTV Custom TV
JDSU: Delivering Dynamic Networks for a Personalized Experience

3|26|15   |   5:59   |   (0) comments


Light Reading speaks to JDSU at Mobile World Congress 2015 about new solutions in the areas of HetNets, VoLTE, backhaul, virtualization, big data analytics, and real-time intelligence.
LRTV Custom TV
Smarter Service Chaining & New Ways to Benefit From Qosmos Technology

3|25|15   |   03:11   |   (0) comments


David Le Goff, director of strategic and product marketing at Qosmos, explains how the company has added application awareness to subscriber information to make service chaining more efficient and reduce costs for networking and infrastructure. In addition, Qosmos technology, which has been delivered as C libraries, is now also available as a virtual machine, ...
Between the CEOs
Qosmos CEO: The Changing Face of DPI

3|24|15   |   13:53   |   (0) comments


LR CEO and Founder Steve Saunders sits down with the head of Qosmos to talk about the changing state of the art in deep packet inspection technology, including its role in SDN and NFV architectures. Also, how the comms market is becoming more like the automotive industry.
LRTV Huawei Video Resource Center
FC Schalke Scores With Its Agile Stadium

3|24|15   |   6:23   |   (0) comments


Top German soccer club FC Schalke 04 has deployed a new, agile WiFi network from Huawei in its Veltins-Arena stadium and is reaping the benefits in terms of customer satisfaction and business opportunities, explains marketing chief Alexander Jobst.
LRTV Huawei Video Resource Center
Huawei’s Insights on Mobile Video

3|24|15   |   7:51   |   (0) comments


More people than ever are now watching videos on smartphones. Seventy percent of mobile traffic will be video traffic until 2018. In this video, Huawei's exports give their insights on mobile video in terms of business model, network planning and 4G network construction.
LRTV Documentaries
The Rise of Industry 4.0

3|24|15   |   02:26   |   (9) comments


Are you ready for the fourth industrial revolution? It's a big deal for influential operators such as Deutsche Telekom.
LRTV Huawei Video Resource Center
Getting Connected With eLTE

3|23|15   |   06:04   |   (0) comments


Trunked radio communications have entered the 4G LTE world, and with Huawei's eLTE solution, can now deliver a full range of data and video services as well as push-to-talk voice, explains Huawei's Norman Frisch.
LRTV Huawei Video Resource Center
Funkwerk’s on Track With Huawei

3|19|15   |   3:23   |   (0) comments


GSM-R technology specialist Funkwerk and Huawei have forged a partnership that is benefiting both parties, notes Funkwerk's Gottfried Winter.
LRTV Documentaries
How EANTC Tested Cisco's Virtualization Solutions

3|18|15   |   5:49   |   (0) comments


Carsten Rossenhövel, managing director of independent test lab EANTC, tells Light Reading founder and CEO Steve Saunders about the innovative approach his team had to take when validating Cisco's service provider virtualization and cloud solutions.
Upcoming Live Events
April 14, 2015, The Westin Times Square, New York City, NY
May 5, 2015, Hyatt McCormick Place, Chicago, IL
May 6, 2015, Georgia World Congress, Atlanta, GA
May 12, 2015, Grand Hyatt, Denver, CO
May 13-14, 2015, The Westin Peachtree, Atlanta, GA
June 8, 2015, Chicago, IL
June 9-10, 2015, Chicago, IL
June 9, 2015, Chicago, IL
June 10, 2015, Chicago, IL
September 29-30, 2015, The Westin Grand Müchen, Munich, Germany
All Upcoming Live Events
Infographics
Hot Topics
Women in Tech Coming Into Focus
Sarah Thomas, Editorial Operations Director, 3/20/2015
The Rise of Industry 4.0
Ray Le Maistre, Editor-in-chief, 3/24/2015
Google Hires Wall Street's Most Influential Woman as CFO
Dan Jones, Mobile Editor, 3/24/2015
AT&T Woos SMBs With Small-Scale WiFi
Sarah Thomas, Editorial Operations Director, 3/26/2015
Net Neutrality Suits: Only The Beginning?
Alan Breznick, Cable/Video Practice Leader, 3/24/2015
Like Us on Facebook
Twitter Feed
Webinar Archive
BETWEEN THE CEOs - Executive Interviews
LR CEO and Founder Steve Saunders sits down with the head of Qosmos to talk about the changing state of the art in deep packet inspection technology, including its role in SDN and NFV architectures.
Chattanooga’s EPB publicly owned utility comms company has become a poster child for how to enable a local economy using next-gen networking technology. Steve Saunders, Founder of Light Reading, sits down with Harold DePriest, president and CEO of EPB, to learn how EPB is bringing big time tech to small town America.
Cats with Phones