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Actelis
Networks
ACTELIS
NETWORKS RAISES $26 MILLION IN SERIES C HIGH-SPEED TRANSPORT PROVIDER
RECEIVES FUNDING FROM CARLYLE VENTURE PARTNERS AND EXISTING INVESTORS
FREMONT, Calif., May 2, 2001 Actelis Networks, the first company
to boost copper performance to fiber-quality speed and reliability,
raised $26 million in its third round of funding, led by Carlyle
Venture Partners. Earlier Actelis investors, New Enterprise Associates,
U.S. Venture Partners, Walden International, Global Catalyst Partners,
and Vertex Management were all repeat investors in the series C
round.
Anand
Gowda, a principal with Carlyle Venture Partners who will join the
Actelis Board of Directors, stated, "We believe that Actelis' technology
will enable service providers to leverage their current infrastructure,
and will be essential not only in today's environment but also over
the 5-10 year horizon."
Bob
Grady, managing director of Carlyle Venture Partners and global
head of venture capital at The Carlyle Group, said, "Actelis will
use its breakthrough technology to bring fiber-quality performance
to the existing copper infrastructure. We think this is a big idea
with big implications for carriers and their ability to deliver
a new generation of services at lower costs."
"Our
world-class investors and the talented team at Actelis enabled us
to close the funding as planned. The success of our funding is a
reflection of our execution to date and the opportunity in front
of us," said Yuval Baron, president and CEO of Actelis Networks.
With
more than a dozen U.S. patents pending, the Actelis high-speed transport
platform allows carriers to offer first-day deployment of fiber-quality
services on a broad scale. By boosting the speed, range, and reliability
of copper pairs, carriers can offer affordable, same day provisioning
of ultra high-speed services to virtually any copper-fed remote
terminal cabinet or business.
Actelis
Networks is led by a first-rate executive team with an acclaimed
track record in telecommunications. The executive team came from
notable telecom companies such as Fujitsu, ADC, Nortel Networks,
Comverse Technology, and 3Com. Actelis recently appointed Marty
Kaplan, chairman of the board of JDS Uniphase (NASDAQ: JDSU) to
its Board of Directors. The Actelis chairman is Kamran Elahian,
co-founder of Actelis, Centillium, Cirrus Logic, and founder of
Global Catalyst Partners.
About
Actelis Networks
Actelis Networks is the first company to radically boost the speed,
range, and reliability of copper to achieve fiber performance and
quality in the local loop. By the decade's end, over 10 million
businesses in the U.S. will not be fiber-fed. Actelis Networks will
bring the fiber era to these small to medium-sized businesses. Actelis
is pioneering a new generation of broadband transport that enables
local carriers and service providers to rapidly deliver high-speed,
high-value services over existing copper assets. Founded in 1998
and headquartered in the Silicon Valley, Actelis Networks is backed
by preeminent telecom investors, including Carlyle Venture Partners,
New Enterprise Associates, U.S. Venture Partners, and The Walden
International Investment Group (early investors in Juniper Networks,
Sun Microsystems, and Ascend Communications). For more information
please visit the Actelis corporate Web site at www.actelis.com.
About
Carlyle Venture Partners
Carlyle Venture Partners is a venture capital fund focused on early
stage investments in communications and Internet-related infrastructure
and applications. Carlyle Venture Partners is affiliated with The
Carlyle Group, a global private equity firm with over $13 billion
under management, and over 400 employees in 22 offices in 14 countries
around the world. Carlyle Venture Partners has offices in San Francisco;
Reston, Virginia; and Washington, D.C. Carlyle's venture group also
operates venture funds in Europe, Asia, and Japan. Additional information
on The Carlyle Group can be found at www.thecarlylegroup.com.
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