Ericsson, Verizon Invest in CENX

September 7, 2012

1 Min Read

BARCELONA -- CENX, Inc., a pioneer and leader in Carrier Ethernet interconnect systems and services, today announced that Ericsson (NASDAQ:ERIC) participated in the latest financing of CENX, along with Verizon Investments LLC, a subsidiary of Verizon Communications Inc., Mesirow Financial Private Equity Inc., DCM, Highland Capital Partners, and Wasatch.

“Ericsson and CENX have been working together extensively in the U.S., and we are pleased with their strategic investment,” said Nan Chen, Co-Founder & President of CENX. “This investment accelerates our existing joint efforts and opens the door to rapid global expansion together; we are excited about these new opportunities.”

"CENX has developed an industry-leading solution to address the critical operational aspects of the telecom transition to Ethernet through automating Ethernet/IP-centric telecom systems, processes and services,” said Ron Gavillet, Co-Founder & EVP of CENX, “The combination of CENX’s innovative systems and Ericsson’s worldwide presence could enable our customers sizable cost savings, faster revenue generation, and better end-user-experience in the new Ethernet deployments/IP-centric telecom paradigm.”

CENX Inc.

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