Lok Garners $5M in Financing

Lok Technology Inc. (Booth 1019), a manufacturer of secure, integrated network infrastructure appliances, recently secured $5 million in Series A financing from an institutional investor. The company will use the proceeds to fund aggressive sales channels, expand marketing programs and continue adding features and functionality to its AIRlok appliance. With this investment, we will increase […]

Bloggers Gone Wild

Attending a Sun Devil football or basketball game is now a high-tech, free-forall experience. Fans of the Arizona State University teams can blog onto an interactive big screen during the pre-game events, thanks to Verizon Wireless, which is ASUs exclusive wireless provider. This TXT-2-Screen technology helps Sun Devil fans create pre-game entertainment for everyone in […]

ITC^DeltaCom Announces Financing Commitment

ITC^DeltaCom Inc., the telecommunications provider in the Southeast, on Tuesday announced arranging a $239 million financing commitment from Tennenbaum Capital Partners LLC, a private investment firm. West Point, Ga.-based ITC^DeltaCom said it would use $209 million to fully refinance its senior credit facility while $30 million would be extended as a subordinated secured loan and […]

Xspedius Completes Financing

Xspedius Communications LLC, a private telecommunications carrier targeting businesses in the Southeast, has arranged $55 million in senior secured debt financing. Missouri-based Xspedius announced using the proceeds of the loan to repay existing subordinated debt and to support general purposes, including potential acquisitions. The loan arranged by Jefferies & Company Inc. matures in March 2010. […]

Collaborative: Product News

Posted: 11/2002 Product News CommWorks Adds Multistage Dialing Capabilities CommWorks has added support for multistage dialing models to its IP telephony product portfolio, giving service providers new options to add prepaid and postpaid calling applications to their service offerings. With two-stage calling, a customer purchases a fixed number of minutes for a particular phone number […]

Tangoe Raises $3 Million in Equity Round

Tangoe, a company providing enterprises software to manage their communications needs, announced Thursday raising $3 million in equity financing. Edison Venture Fund led the second financing round followed by Series A investors. “Tangoe has demonstrated that its software dramatically reduces an enterprise’s voice and data spend through automation and we are confident that its strong […]

Carrier Channel: News Briefs

Posted: 06/2002 News Briefs Telia subsidiary Telia International Carrier is targeting upstart ISPs and ITSPs with its new Telia IP Connect, an enhancement of the company’s IP Transit service that makes it possible for companies to operate like large and well-established companies through complete outsourcing of IP address management and necessary administration, eliminating the need […]

Demand for Services Brightens Telecom’s Future

Posted: 07/2001 Soap Box Demand for Services Brightens Telecom’s Future By Rich Rudek, President, RFC Capital Corp. Remember when revenue growth was king and any company with a reasonably good business idea landed in the portfolio? Just the promise of earnings was good enough, and the NASDAQ’s record daily increases were kicking sand in the […]

Business News – Smarter Telcos Getting Smart Money

Posted: 06/2001 Business News Smarter Telcos Getting Smart Money By Josh Long Despite layoffs, declines in margins, bankruptcies and other morbid news, telecommunications investors are not dormant–at least not when it comes to funding smart carriers that see opportunities in markets below the Tier 1 level.Even as telecom executives winced at the sight of poor […]

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