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Alopa Scores $12.5M

Alopa Networks closes series C financing tranche, led by VantagePoint Venture Partners

July 18, 2002

1 Min Read

SUNNYVALE, Calif. -- Alopa Networks, the leading provider of fully integrated broadband subscriber solutions and operational support systems (OSS) applications, today announced that it closed $8.5 million of a Series C financing tranche as part of a $12.5 million total investment. VantagePoint Venture Partners led the round with participation from existing investors including Summit Accelerator Fund, Lucent Venture Partners, and Rainbow Fund. Alopa will use these funds to accelerate its growth plans and expand its sales and marketing operations to continue to deliver robust technology to its customers and channel partners."Broadband providers have hit a technology wall in being able to deliver multiple services profitably and cost effectively to their subscribers. Alopa is focused on solving this challenge for our customers," said Michael Foley, President and CEO of Alopa Networks. "This round of venture funding will extend the momentum we've achieved and will enable us to continue to meet customer demand for such advanced services."The Company's provisioning platform provides a single integrated infrastructure from which cable operators and broadband service providers can integrate existing legacy systems, enable easy and less expensive self-provisioning, and provide next-generation service offerings such as high-speed data, video-on-demand, and voice. Currently, Alopa's award winning MetaServ™ Provisioning Platform is deployed with customers and channel partners including Eastern Connecticut Cable, GCI, Motorola, Pace, Scientific Atlanta, Susquehanna Communications, Tellabs, Terayon, Wide Open West, WorldCom Wireless and other industry leading firms. Alopa Networks Inc.

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