Monday, January 10, 2005

Occam Networks Raises $5.3 Million in New Funding

Occam Networks re-opened its Series A-2 Preferred Stock financing and sold an additional $5.275 million of Series A-2 Preferred Stock to existing investors, including Alta Partners, U.S. Venture Partners, Norwest Ventures, and New Enterprise Associates in a private placement transaction. These investment firms have also agreed to make an additional investment of up to $2.925 million.

Separately, Occam announced a value-added reseller (VAR) agreement with Pacific Star Communications of Portland, Oregon. Pacific Star will resell Occam's Broadband Loop Carrier (BLC) 6000 Platform of next-generation data and video services to independent operating companies (IOC) and U.S. government entities located domestically and abroad.

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