Tuesday, April 4, 2006

Atrica Raises $28.2 Million for Carrier Ethernet

Atrica raised $28.2 million in a new round of new financing to support its carrier Ethernet platforms. The company is currently engaged with 30+ carriers worldwide.

Atrica's Carrier Ethernet portfolio is comprised of the A-2000 family of Carrier Ethernet Edge Switches, the A-4000 family of Carrier Ethernet Aggregation Switches, the A-8000 family of Carrier Ethernet Core Switches, the A-100 and A-200 Ethernet demarcation devices and the Atrica Service Platform for Ethernet Networks (ASPEN), an integrated service provisioning and management system.

The new funding was led by Vesbridge Partners and GunnAllen Venture Partners, and included existing investors such as Innovacom (the venture capital subsidiary of France Telecom), JK&B, and Investor Growth. In addition, AT&T Corporation was added as a new investor and European Venture Partners (EVP) provided debt financing.

Atrica has previously received funding from industry notables such as Intel Capital and from global service providers such as BellSouth Corporation, Bezeq, SBC Communications, Inc. (via Aurum-SBC Ventures), Saturn Venture Partners, and Telia.

Atrica said it will use the funds to expand engineering and operations functions.

Atrica also announced the appointment of Matt Giuliano as its new vice president of Worldwide Sales. Prior to Atrica, Mr. Giuliano was VP of Global Sales and Business Development for Mangrove Systems, a supplier of multi-service access and aggregation solutions, where he developed an extensive international presence for the company in Japan, Europe and North America. He has also held executive sales positions with early stage companies including Sycamore Networks, Procket Networks, Xedia Communications, and Cascade Communications as well as sales roles with Motorola Codex, NCR and Network Equipment Technologies.



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