Subscribe and receive the latest news from the industry.
Join 62,000+ members. Yes it's completely free.
August 3, 2006
ACTON, Mass. -- sentitO Networks, a leading provider of intelligent voice gateway and signaling solutions for telecommunications service providers worldwide, today announced a $6 million financing round led by Columbus Nova Capital, an affiliate of Russian-based RENOVA Group of Companies, with previous investors Core Capital Partners, Inflection Point Ventures, Kodiak Venture Partners, Mid-Atlantic Venture Funds, and Technology Venture Partners also participating. sentitO will use the funding to expand its global sales and marketing efforts and further build out its services capabilities to support large scale deployments, especially in Western and Eastern Europe; including Russia.
"sentitO offers a distinctive value proposition for service providers to migrate to IP cost-effectively and accelerate time-to-revenue with voice and enhanced IP services," said Andrew Intrater, CEO of Columbus Nova. "sentitO is having a profound and positive market impact in developing markets, as well as in the U.S. and Asia. Our investment underscores our commitment to the success of the company."
sentitO recently announced it has been certified to commercially deploy its VoIP infrastructure equipment in Russia by Infokom, the Center of Examination and Certification. The certification confirms mandatory quality, functionality and interoperability requirements for commercial deployment in Russian networks. sentitO's VoIP infrastructure products are currently deployed in China, Denmark, Dominican Republic, Honduras, Russia, Singapore, and the U.S., among others.
sentitO Networks' Open Network Xchange (ONX) architecture and distributed VoIP media and signaling gateway solutions provide media and signaling conversion between the PSTN and IP networks. sentitO's ONX solution set includes the IVG1200 Intelligent Voice Gateway, Proxy7 Signaling Gateway, and PreVision Network Manager.
"We appreciate that our investor partners share our confidence in sentitO and commitment to expanding the business around the world," said Steve Crummey, CEO at sentitO Networks.
You May Also Like
Rethinking AIOPs — It's All About the DataMar 12, 2024
SCTE® LiveLearning for Professionals Webinar™ Series: Fiddling with Fixed WirelessMar 21, 2024
SCTE® LiveLearning for Professionals Webinar™ Series: Cable and 5G: The Odd Couple?Apr 18, 2024
SCTE® LiveLearning for Professionals Webinar™ Series: Delivering the DAA DifferenceMay 16, 2024