Sigma Launching Metro Network

SAN JOSE, Calif. -- Sigma Networks, announced the Sigma Networks Metropolitan Area Interconnect Network (MAIN(TM)), the first independent, multi-service broadband fiber optic `link' between the Internet's backbone, data centers, Internet traffic aggregation points, and last mile broadband service providers. The company's Washington, D.C. network is operational and network services in the San Francisco Bay Area will go online in the second quarter of 2001. In addition, Sigma Networks announced agreements with companies including AOL (NYSE:AOL), Cable & Wireless (Nasdaq:CWPUF), Enron (NYSE:ENE), Telia Internet, Inc., Covad (Nasdaq:COVD), PSINet (Nasdaq:PSIX), Universal Access, Inc. (Nasdaq:UAXS), 360 Networks (Nasdaq:TSIX) and Broadwing (NYSE:BRW). Sigma Network MAINs will be located in major Internet interconnection exchanges such as Equinix (EQIX).

On February 23, 2001 Sigma Networks announced the largest first round financing of any Internet start up in last six months. The $435 million round was led by Frontenac Company, with participation from Oak Investment Partners, Benchmark Capital, Technology Crossover Ventures (TCV), Capital Research, Salomon Smith Barney, Charter Growth Capital, Epoch Partners, Cisco Systems, Comdisco, and Sand Hill Partners.

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