RHK Receives Venture Funding

South San Francisco, CA.--RHK Inc., the leading provider of market research and analysis for the telecommunications industry, announced today that it has accepted its first outside investment to further accelerate the growth of the company. Four premier investment firms participated in the round including Silicon Valley-based Crescendo Ventures and InterWest Partners along with Dallas-based CenterPoint Ventures and New York-based Kaufmann Fund. In selecting its funding sources and expanding its board of directors, RHK has chosen backers with expertise in both the telecom industry and the content and e-commerce markets.

The firm, which is growing at over 100% per year, will use the funds to expand its coverage areas, accelerate its electronic delivery and database initiatives, continue to increase its staff, and open additional analyst offices in North America, Europe, and Asia. RHK currently has a staff of 70-plus, over 50% of whom are analysts. It serves over 300 customers worldwide who are developing, operating, and financing next-generation products for the public telecom network.

http://www.rhk.com/pressrelease.asp?id=67