Sheer Networks Gets New Investment

Venture capital firm Star Ventures leads investment in Sheer Networks Next Generation OSS technology

May 17, 2004

1 Min Read

SAN JOSE, Calif. -- Sheer Networks, a leading provider of award winning service management solutions for carrier networks and large enterprises, today announced the closing of a fourth round of financing lead by Star Ventures. Participants in this round include most of Sheer’s current Investors. Sheer investors include: JVP, JK&B, Rein Capital, Morton L. Topfer, Ray Lane, Nokia and 3Com.

Sheer Networks has maintained significant growth through the successful deployments in Bezeq, Singtel, KT, as well as in multiple RBOCs in the US, Mexico and Latin America. After achieving success around the world with Sheer™ BOS applications, which just won the OSS Excellence Awards for the 2nd consecutive year, Sheer plans to continue to grow and increase its market share. The company will utilize this funding to facilitate its expansions in sales, marketing, executive management and field operations.

"We have experienced keen interest from multiple entities while leading this round of financing, in addition to the active participation of existing investors,” says Sharon Barkai, Co-Founder and EVP for Sheer Networks. “But we where most impressed by Star Ventures industry standing, business professionalism, and personal integrity."

Sheer Networks Inc.

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