Sunday, April 24, 2005

BayPackets Raises $14 Million

BayPackets, a start-up based in Fremont, California with a subsidiary in India, raised $14 million in fourth round funding for its enhanced voice and data solutions for wireless, wireline and cable operators.

BayPackets' Agility Networks Services Platform (NSP) and SIP Application Server are IMS-compliant service delivery platforms that enable operators to deliver differentiated services and service bundles. With BayPackets, the creation, deployment, and management of applications and their service logic are decoupled from the underlying transport network. This allows the company's service delivery platforms to operate on circuit-switched, packet-based or converged networks. In addition to applications such as Prepaid, Unified Messaging, Voice VPN, Advanced Toll Free, BayPackets provides a Software Development Kit (SDK) with tools and resources to quickly build new services.

BayPackets said its customer lists includes the largest VoIP network provider in North America and the largest broadband provider in Japan, among others.

The latest funding round was co-led by Investcorp and Telesoft Partners. Telesoft Partners Managing Director George Schmitt also joins BayPackets' board of directors as chairman of the Board.