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Optical/IP

Oresis Scores $65M Round 3

BEAVERTON, Ore. -- Oresis Communications, Inc., a developer of carrier-class, next generation switching products for the global telecommunications marketplace, today announced the closing of a $65 million round of venture funding, bringing the total private capital raised to date to over $100 million. UBS Capital Americas led Oresis' third major round of funding. Other key investors include Sands Brothers, Silver Creek Fund, U.S. Bancorp Piper Jaffray, NTT Leasing and Comdisco, as well as existing investors, Bessemer Venture Partners, Lightspeed Venture Partners, ComVentures, JAFCO America Ventures, and Blueprint Ventures.

"The exponential growth in access technologies, coupled with the growth in end user demand for a wide array of services has wreaked havoc on today's public network. Global carriers and service providers are desperately seeking highly innovative, yet economical switching solutions to migrate their networks to next generation platforms," said Eric Riddleberger, partner, UBS Capital Americas. "The founders of Oresis have assembled a first-class team that is equipped to deliver such a solution for the world's leading carriers and service providers."

http://www.oresis.com
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