RELEASE: CableMatrix raises an undisclosed sum of VC funding
CableMatrix Secures Additional Funding Investments to address expansion as demand for policy management over broadband networks increases. Des Plaines, IL November 15, 2006 -- CableMatrix Technologies, a provider of Quality of Service (QoS) policy management solutions for the broadband industry, today announced it has secured additional funding from EnerTech, Intel Capital, Veritas and Walden. The funding will be used primarily for growth strategy, which includes operations expansion, as the company continues to provide innovative solutions to the growing QoS and policy management market targeting broadband service providers. "Our continued investment in this space reinforces the importance service providers are placing on policy management as a way to control and guarantee service quality for both traditional wireline and emerging wireless broadband offerings such as WiMAX," said Steve Gray, senior investment manager, Intel Capital. "We look forward to seeing CableMatrix solutions in the build-out of the developing WiMAX infrastructure." CableMatrix technology transforms IP networks from traditional, best-effort pipes into intelligent, quality of service-oriented networks. By creating a "smart pipe," operators greatly enhance the customer experience by guaranteeing certain levels of service for bandwidth-intensive applications such as VoIP, videoconferencing, IPTV and multiplayer online-gaming. Their flagship platform ODSPÃ¢â€žÂ¢ (On-Demand Service Platform), implements end-to-end QoS and bandwidth management on a per-session and per-application basis allowing operators to maximize current network resources while increasing revenue potential by provisioning premium services based on usage, time-of-day or application type. "This additional funding allows us to pursue our vision of enhancing the quality of broadband service offerings for voice, video and data," stated Laurence N. Rubin, CEO of CableMatrix. "We are now moving to the next phase of our aggressive plan with continued trials and additional market deployments worldwide." At the WiMAX World conference in October, CableMatrix and partner, Vecima Networks, announced the market's first video conferencing over WiMAX solution employing QoS. The solution offers wireless broadband providers a viable path for penetrating low density subscriber areas and the commercial services market with high-quality voice and video offerings. About CableMatrix CableMatrix provides advanced, PCMM-based software solutions that enable broadband operators to maximize their revenues while delivering advanced, media-rich IP applications and services. Its standards-compliant ODSP Policy Server, in conjunction with the XAM Application Manager, allows operators to deliver dynamic, real-time QoS and bandwidth management on a per-customer, per-application basis, giving broadband cable operators the ability to directly link increased bandwidth usage with increased revenue. CableMatrix was recently named to the "Red Herring 100/Europe," recognizing the top 100 private European and Israeli companies that play a leading role in innovation and technology. For more information, visit www.cablematrix.com or call 847-294-0600. About Intel Capital Intel Capital, Intel's venture capital organization, makes equity investments in innovative technology start-ups and companies worldwide. Intel Capital invests in a broad range of companies offering hardware, software and services targeting enterprise, home, mobility, health, consumer Internet and semiconductor manufacturing. Since 1991, Intel Capital has invested more than US$6 billion in nearly 1,000 companies in more than 40 countries. In that time, about 180 portfolio companies have been acquired by other companies and another 155 have gone public on various exchanges around the world. In 2005, Intel Capital invested about US$265 million in about 140 deals with approximately 60 percent of funds invested outside the United States. For more information on Intel Capital and its differentiated advantages, visit www.intelcapital.com.