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Ellacoya Secures $14M

Ellacoya Networks secures $14M in venture funding for the commercialization of its IP Service Control System

January 13, 2003

2 Min Read

MERRIMACK, N.H. -- Ellacoya Networksä, Inc., an innovative provider of service control systems for broadband networks, today announced it has received $14 million in venture financing for continued business operations and the commercialization of its IP Service Control System. The IP Service Control System improves broadband customer satisfaction by enabling the broadband operator to monitor network usage patterns and manage resources accordingly so that all users receive the level of service entitled by their service plan. New investors Flagship Ventures and Atlas Venture join existing investors Lightspeed Venture Partners, Bessemer Venture Partners and Goldman Sachs in participating in the round.The use of peer-to-peer (P2P) file sharing and other robotic applications are continuously rising, consuming up to 70% of network capacity at peak times, but primarily enjoyed by less than 10% of subscribers. Consequently, interactive users (web-surfers, e-mailers, etc), comprising a majority of the subscriber base, are experiencing poor service levels at peak usage times. Broadband operators can deploy Ellacoya technology to identify network traffic by application and insure that both interactive and P2P users receive the level of service to which they have subscribed even during peak times. The platform can further be leveraged to offer flexible service plans that meet the needs of a broad range of users.“The broadband market is still in its early stages, so the potential for mass adoption of our technology is very exciting,” said Ron Sege, president and CEO of Ellacoya Networks. “Our platform helps broadband operators deal with the sudden increase in robotic applications, while providing a framework for flexible service plans that can speed the next wave of broadband service adoption. We are pleased to participate in this market with a product that contributes to its growth, and we appreciate our investors’ confidence.”Ellacoya Networks Inc.

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