Broadband DSL services provider Catena Networks said it has raised $75 million in a fourth round of financing, bringing the total invested capital in the company to $192 million.
The new funds will help Catena further establish itself as a "leading provider of integrated broadband access solutions," company officials said. These solutions will enable communications service providers to accelerate deployment of broadband DSL services and converge their separate voice and data access networks.
Eleven major investment firms participated in the round, including new investors J&W Seligman & Co., Munder Capital Management and WestAM, and current investors Morgenthaler, Menlo Ventures, Berkeley International Capital, Worldview Technology Partners, Goldman Sachs, Bessemer Venture Partners, BCE Capital and Silicon Valley BancVentures.
Two local independent exchange carriers, Frontier and CT Communications, are deploying Catena's CNX-5 Broadband DSL System to accelerate broadband services deployment in their serving areas, officials said.
The CNX-5 Broadband DSL System and CN1000 Broadband Loop Carrier, which Frontier began testing in December 2001, are broadband access productss that will enable the mass-market deployment of broadband DSL services and access network convergence.
Catena's CNX-5 system, meantime, broadband-enables legacy Lucent SLC-5 Digital Loop Carrier Systems (DLCs). The CNX-5 provides two lines of integrated POTS+DSL, replacing cards that provide only two lines of POTS.
The CN1000 Broadband Loop Carrier is a new class of access system designed for the emerging, packet-based public network. It provides POTS+DSL on every line, enables no-truck-roll remote provisioning and maintenance, and delivers packetized POTS and data traffic to converged networks. The CN1000 integrates the functions of a DSLAM, Digital Loop Carrier System and Media Gateway.
The company was founded in December 1998, and has about 375 employees. Catena's headquarters are in Redwood Shores, Calif., and it has a research-and-development facility in Kanata, Ontario, Canada.
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