Nova Scotia Startup Plots Growth

HALIFAX, Nova Scotia -- Core Networks Inc., developer of the leading provisioning and network management solution for the broadband services industry, today announced that it has raised US $10.5 million in this Series B equity financing. The new round of equity investment, led by Royal Bank Capital Partners Telecommunications Fund, includes an investment from local venture player, ACF Equity Atlantic Inc. Joining these new investors is existing investor Skypoint Capital Corporation. Core Networks develops, markets, and supports provisioning and network management solutions for broadband services providers.

"This funding puts us one step closer to capturing a significant share of the broadband provisioning and network management market," said Jeffrey Campbell, CEO, Core Networks. "With Royal Bank Capital Partners, ACF and Skypoint, we have brought together the ideal funding partners to provide valuable direction and insight as we continue building our market leadership position."

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