& cplSiteName &

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        ADD A COMMENT
From The Founder
NFV's promises of automation and virtualization are intriguing, but what really excites service providers is the massive amount of money they could save.
Flash Poll
Live Streaming Video
Charting the CSP's Future
Six different communications service providers join to debate their visions of the future CSP, following a landmark presentation from AT&T on its massive virtualization efforts and a look back on where the telecom industry has been and where it's going from two industry veterans.
LRTV Documentaries
Three Gets Smart(y), BT Invokes Twitter – The Recap

8|21|17   |     |   (0) comments


From Telecoms.com, a recap of the week's telecoms talking points. It's been a week of gimmicks as Three tests out a pay-as-you-go sub-brand called Smarty; Comcast
Women in Comms Introduction Videos
VMWare VP Brings Women Up With Her

8|16|17   |   6:49   |   (1) comment


It's an art and a science to make mentorship, inclusive leadership, diversity and promotion of high-potential women work, says Honore' LaBourdette, vice president of Global Market Development at VMWare.
LRTV Documentaries
5G Spectrum Wars – The Recap

8|15|17   |   2:22   |   (0) comments


Service provider 3 has filed a lawsuit against Ofcom over 5G spectrum auction in the UK.
LRTV Custom TV
Say What? Facebook Unleashes AI Anarchy – The Recap

8|7|17   |     |   (0) comments


A recap of the week's talking points on Light Reading's sister site, telecoms.com. Facebook AI programmers had a bit of a brain-fade as they allowed one of its AI applications to invent its ...
Women in Comms Introduction Videos
Fujitsu's Women Band Together to Help Girls Do STEM

8|2|17   |   9:35   |   (1) comment


Supporting women both inside and outside of Fujitsu is a top priority of the telecom vendor. Yanbing Li, Fujitsu Network Communication's director of System Software Development & Delivery, shares why it's important, but why there's still a long road ahead.
LRTV Custom TV
If You're Not First, You're Last – The Recap

7|31|17   |   08:18   |   (1) comment


In case you missed it, Amazon's 1% stock increase helped Jeff Bezos dethrone Bill Gates as the richest man in the world. Also, Taiwanese electronics manufacturer
Women in Comms Introduction Videos
AT&T's Tech President Preps Workforce for the Future

7|26|17   |   5:47   |   (10) comments


AT&T is focused on the software-defined network of the future and is reskilling its workforce to get ready too, according to AT&T's President of Technology Development Melissa Arnoldi.
Women in Comms Introduction Videos
Cisco: Mentoring Critical to Attract & Retain Women

7|19|17   |   6:40   |   (1) comment


Liz Centoni, senior vice president and general manager of Cisco's Computing System Product Group, shares why mentoring in all its forms is important for women and what Cisco is doing that's made a difference for women in tech.
LRTV Custom TV
Gigabit LTE With Snapdragon 835

7|12|17   |     |   (1) comment


At an event in Wembley stadium, EE used its live network to demonstrate gigabit LTE using a Sony Xperia XZ Premium smartphone with a Qualcomm Snapdragon 835 chip.
LRTV Custom TV
Implementing Machine Intelligence With Guavus

7|12|17   |     |   (0) comments


Guavus unites big data and machine intelligence, enabling many of the the largest service providers in the world to save money and drive measureable revenue. Learn how applying Machine Intelligence substantially reduces operational costs and in many cases can eliminate subscriber impact, meaning a better subscriber experience and higher NPS.
LRTV Custom TV
Unlocking Customer Experience Insights With Machine Intelligence

7|12|17   |     |   (0) comments


When used to analyze operational data and to drive operational decisions, machine intelligence reduces the number of tasks which require human intervention. Guavus invested in Machine Intelligence early. Learn about the difference between Machine Learning and Machine Intelligence.
Women in Comms Introduction Videos
Verizon VP Talks Network, Career Planning

7|12|17   |   4:49   |   (0) comments


Heidi Hemmer, vice president of Technology, Strategy & Planning at Verizon, shares how bold bets and the future of tech define her career.
Upcoming Live Events
September 28, 2017, Denver, CO
October 18, 2017, Colorado Convention Center - Denver, CO
November 1, 2017, The Royal Garden Hotel
November 1, 2017, The Montcalm Marble Arch
November 2, 2017, 8 Northumberland Avenue, London, UK
November 30, 2017, The Westin Times Square
All Upcoming Live Events
Infographics
With the mobile ecosystem becoming increasingly vulnerable to security threats, AdaptiveMobile has laid out some of the key considerations for the wireless community.
Hot Topics
Intel CEO Leaves Trump Biz Advisory Board
Dan Jones, Mobile Editor, 8/15/2017
Orchestration Startup UBiqube Pivots Away From NFV
Carol Wilson, Editor-at-large, 8/15/2017
T-Mobile Turns On First 600MHz 4G Sites
Dan Jones, Mobile Editor, 8/16/2017
WiCipedia: Dolly Babes, Manifesto Backlash & 'Brotastic' Failures
Eryn Leavens, Special Features & Copy Editor, 8/18/2017
Ericsson Plans 25,000 Job Cuts – Report
Ray Le Maistre, International Group Editor, 8/17/2017
Like Us on Facebook
Twitter Feed
Animals with Phones
We Know a Tough Day When We See One Click Here
Live Digital Audio

Understanding the full experience of women in technology requires starting at the collegiate level (or sooner) and studying the technologies women are involved with, company cultures they're part of and personal experiences of individuals.

During this WiC radio show, we will talk with Nicole Engelbert, the director of Research & Analysis for Ovum Technology and a 23-year telecom industry veteran, about her experiences and perspectives on women in tech. Engelbert covers infrastructure, applications and industries for Ovum, but she is also involved in the research firm's higher education team and has helped colleges and universities globally leverage technology as a strategy for improving recruitment, retention and graduation performance.

She will share her unique insight into the collegiate level, where women pursuing engineering and STEM-related degrees is dwindling. Engelbert will also reveal new, original Ovum research on the topics of artificial intelligence, the Internet of Things, security and augmented reality, as well as discuss what each of those technologies might mean for women in our field. As always, we'll also leave plenty of time to answer all your questions live on the air and chat board.