Cedar Point Raises $20M

Cedar Point Communications raises $20M in a financing round led by JP Morgan Partners

April 13, 2004

2 Min Read

DERRY, N.H. -- Cedar Point Communications, the leader in integrated packet-based voice and multimedia switching technologies for the cable telecommunications industry, announced today that it has secured $20 million in additional funding from JP Morgan Partners and from existing Cedar Point venture partners.

JP Morgan Partners led the round that has committed new capital toward the commercial deployment of the SAFARI C(Cubed) Media Switching System, Cedar Point's next generation integrated voice and multimedia switching system for cable system operators. The investors in Cedar Point's earlier funding rounds - Ascent Venture Partners, Battery Ventures, Charles River Ventures, Comcast Interactive Capital and STAR Ventures - all participated in the latest funding round.

SAFARI C(Cubed) is the only totally integrated carrier class switch that incorporates -- at no additional cost -- all of the components that make up the PacketCable(TM) voice switching infrastructure, eliminating the need for operators to purchase, maintain, upgrade and regression test separate Call Management Servers, Media Gateways, Record Keeping Servers, Announcement Servers, Signaling Gateways, Ethernet Switches and CALEA servers.

Designed to accommodate not only current voice switching needs but also the anticipated migration to video telephony and multimedia services, the PacketCable(TM)-qualified SAFARI C(Cubed) provides superior performance and reliability, significantly reducing capital expenditures, system integration and operations costs for cable operators offering telephony services while increasing network integrity, security and privacy.

"As demand for voice-over-IP increases, the industry both domestically and abroad is accelerating toward full rollouts of high-quality, highly-competitive cable telephony over the next several years," said Andy Paff, president and CEO of Cedar Point Communications. "The commitments that J.P. Morgan Partners and our existing investors have made will reinforce our ability to bring simple, cost-effective solutions to cable operators deploying voice services."

Cedar Point Communications Inc.

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