Lead investors include Geocapital and Cisco

February 7, 2001

1 Min Read

NEW ORLEANS -- Astracon Inc., the leading provider of Connectivity Intelligence OSS software for communications service providers, today announced it has secured $25 million in second-round financing. The company's industry-leading software products supply service providers with fully automated service activation and lifecycle connectivity management across broadband and Internet Protocol (IP) networks. Astracon's blue-ribbon customer base today includes: British Telecom, Genuity, Telstra and WorldCom; as well as OEM partnerships with many of the top-ranking data communications equipment and software manufacturers. This second round brings Astracon's total funding to $33 million. It will enable Astracon to further capitalize on the burgeoning OSS market, specifically the flow-through provisioning segment, which RHK sized as $518 million in 2000, and projects it to reach $2.21 billion by 2004.

"Astracon's $25 million cash infusion reflects our compelling vision for automating broadband service connectivity across all types of network technologies on a complex carrier scale - we're focused on solutions for a world where the customer is king and the service providers must continually exceed those customer demands," said Rob Cook, Astracon founder, president and CEO. "Buoyed by this financing round, we will harvest our powerful OEM relationships around the world and we will continue to deploy products into the top tier carriers for development of their DSL, ATM, optical and IP VPN networks."

http://www.astracon.com

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