Contributor

Mark Donahue Mark Donahue is an associate editor for Telephony magazine. Previously, he worked in The Associated Press’ Chicago bureau, as well as two trade publications. He graduated from...more

Archive for October 7th, 2009

Telesphere Closes Additional Funding, Totals $32 Million Over Two-Year Period

PHOENIX and DENVER (OCTOBER 7, 2009) Telesphere, a nationwide hosted PBX business phone and Internet services provider, today announced the closing of additional financing, totaling $32 million over the past 24 months.


“This capital will be used to reinvest heavily in the company to ensure that we are continually able to provide award-winning customer service and expand capabilities for our clients as well as growing our presence across the United States,” said Telesphere Chief Executive Officer Clark Peterson.


The funding news comes on the heels of Telesphere’s July announcement that it would acquire the VoIP services business of Denver-based Unity Business Networks. The acquisition has now closed after receiving FCC approval.


“Today’s news is yet another exciting chapter in the Telesphere story as we bring Unity Business Networks and its high-quality team and exceptional customer base into the Telesphere family,” Peterson said.


“We intend more

Digg Syndication Del.icio.us Syndication Google Syndication MyYahoo Syndication Reddit Syndication

Comments Off

Email This Post Email This Post

Related Topics: Broadband, VOIP, Other |

Ciena bids $521M for Nortel’s Metro Ethernet assets

Ciena Signs Agreements to Purchase Optical and Carrier Ethernet Assets of Nortel’s Metro Ethernet Networks Business


Proposed combination is unique opportunity to accelerate Ciena’s strategy by bringing together complementary, leading switching and transport technologies


Linthicum, MD — 10/07/2009


Ciena® Corporation (NASDAQ: CIEN), the network specialist, today announced that it has entered into agreements with Nortel to purchase substantially all of the optical networking and carrier Ethernet assets of Nortel’s Metro Ethernet Networks (MEN) business for $390 million in cash and 10 million shares of Ciena common stock. The product and technology assets to be acquired include Nortel’s long-haul optical transport portfolio; metro optical Ethernet switching and transport solutions; Ethernet transport, aggregation and switching technology; multiservice SONET/SDH product families; and network management software products. more

Digg Syndication Del.icio.us Syndication Google Syndication MyYahoo Syndication Reddit Syndication

Comments Off

Email This Post Email This Post

Related Topics: Ethernet, Other |

INTEROP TECHNOLOGIES ANNOUNCES SCOPEâ„¢

INTEROP TECHNOLOGIES ANNOUNCES SCOPEâ„¢ DEVICE MANAGEMENT SOLUTION WITH ONE-CLICK FIX FOR WIRELESS DEVICES

Operators’ Front-Line Employees Can Quickly Resolve Device Issues,

Improving Customer Satisfaction and Reducing Costs


FORT MYERS, FL.—Oct. 7, 2009—Interop Technologies, the premier provider of core wireless solutions for messaging, device management, and gateway connectivity, today announced availability of SCOPEâ„¢ Device Management , the company’s flexible, subscriber-focused solution for managing customer devices on wireless networks.


SCOPEâ„¢ (Subscriber Capability Originated Provisioning Environment) makes device updates simple and fast by automatically identifying a device problem and enabling a One-Click Fix. SCOPEâ„¢ enables operator customer service representatives—or customers using an optional self-care portal—to resolve device issues easily. The solution helps improve customer satisfaction and operators’ first-call resolution statistics, crucial to lowering churn. SCOPEâ„¢ also reduces costly escalations from Level I service personnel to Level II technicians.


Designed to integrate seamlessly into existing SS7-based solutions more

Digg Syndication Del.icio.us Syndication Google Syndication MyYahoo Syndication Reddit Syndication

Comments Off

Email This Post Email This Post

Related Topics: Wireless, Other |

About

Stay up to date on the latest news. Select press representatives post company news several times a day. Check back often to get the latest news on product releases, mergers and acquisitions, and product applications. To be included in this virtual press conference, please contact The Briefing Room.

Calendar

October 2009
M T W T F S S
« Sep   Nov »
 1234
567891011
12131415161718
19202122232425
262728293031  

Your Account

Subscribe

Subscribe to RSS Feed

Subscribe to MyYahoo News Feed

Subscribe to Bloglines

Google Syndication