Tazz Networks Tags $7.7M

Funding to drive the development and launch of TAZZ’s next-generation subscriber and service enablement platform

November 8, 2002

1 Min Read

PROVIDENCE, RI –– TAZZ Networks, Inc., an emerging company building a breakthrough solution in subscriber and service enablement, today announced that it has closed a $7.7 million investment round from leading venture capital firms. The Series A investment was led by Lazard Technology Partners and Pilot House Ventures Group, and also included Zero Stage Capital, Point Judith Capital, and the Slater Center for Interactive Technologies. The capital will be used for the continued development, marketing, and sales of TAZZ products and solutions.The TAZZ solution is the industry’s first real-time, dynamic, service enabling architecture that empowers network service providers to enhance the subscriber experience with the consistent delivery of new services. TAZZ delivers this subscriber empowerment in a highly controlled, user-friendly, and secure environment — all while leveraging the existing network infrastructure and flushing out operational expense.“TAZZ has shown us that they understand the fundamentals in building a successful company, something that we view as extremely important,” stated Woody Benson, principal of Lazard Technology Partners. “The combination of a strong management team, dynamic market potential and a world-class product architecture sets the stage for a tremendous opportunity.”Tazz Networks

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