Continuous Computing Opens Up

Continuous Computing Corp. (CCPU) has finally found its voice this week, following years of low-profile success, touting a bevy of customer wins and talking up the possibility of an IPO next year.

Founded in 1998, the San Diego-based company provides hardware such as signaling gateways, Serving GPRS Support Nodes (SGSNs), and softswitches, designed for deployment in a carrier’s core network. In February 2003 the vendor also moved into the software space, with the acquisition of Trillium from Intel Corp. (Nasdaq: INTC). (See Intel Sells Off Trillium and CCPU Updates Trillium.)

The company has already notched up an impressive list of customer names in the wireless network vendor market, including Alcatel SA (NYSE: ALA; Paris: CGEP:PA), Cisco Systems Inc. (Nasdaq: CSCO), Ericsson AB (Nasdaq: ERICY), Lucent Technologies Inc. (NYSE: LU), Motorola Inc. (NYSE: MOT), Nokia Corp. (NYSE: NOK), Nortel Networks Ltd. (NYSE/Toronto: NT), and Siemens AG (NYSE: SI; Frankfurt: SIE).

So why the stage fright?

“We’ve really been a bunch of nerds working away to create the best technology,” chief nerd (and CEO) Kenneth J. Kalb tells Unstrung. “Now we have done that over the past few years, it’s time to get word out. This is our coming-out party as we introduce it for the first time to the rest of the industry.”

Previously backed to the tune of $45 million in VC funding, Kalb claims the company has been bringing in the greens “for years.”

“Last year our revenues were $25 million. This year we will do $43 million... The last four consecutive quarters have each seen record revenue growth... In the future we are hoping to grow to several hundred million dollars a year.”

Such growth raises the issue of a possible exit strategy. Company literature states that one of the vendor’s objectives “is to eventually become a publicly traded company, but whether, when and how that might occur is still to be determined."

Kalb is rather more forthcoming. “Some time next year, if things go well and the market is behind us, we will look to go public.”

— Justin "Nerd" Springham, Senior Editor, Europe, Unstrung

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