Sunday, June 18, 2006

Reef Point Raises $21 Million for FMC, Names New CEO\

Reef Point Systems, a start-up based in Burlington, Mass., raised $21 million of new financing for its security solutions for fixed-mobile convergence (FMC) networks.

Reef Point offers a massively-scaleable Multiservice Security Gateway for IP Multimedia Subsystem (IMS) networks extending across multiple next generation networking standards including 3GPP IMS, 3GPP2, ETSI TISPAN, and PacketCable. The design takes a multi-zoned, fully virtualized, defense-in-depth approach to security that includes individualized subscriber protection for up to 150,000 simultaneous registered users and up to a million simultaneous IMS flows, network core and element protection, as well as protection for the gateway itself. In addition, the IMS Security Gateway also supports Unlicensed Mobile Access (UMA) security functionality, providing operators deploying UMA today with a migration path to IMS without the need to replace installed gateways.

Reef Point's FMC security solution is available through Reef Point and its global channel partner Alcatel as part of Alcatel's UMA and IMS solutions for mobile service providers. Through Alcatel, Reef Point is currently participating in a number of customer trials.

The funding was led by new investor American Capital Technology Group and included existing investor Jerusalem Venture Partners (JVP).

Reef Point Systems also announced the appointments of Woody Ritchey as its new CEO and Dennis Chateauneuf as Chief Operating Officer. Most recently, Ritchey's comes from YGOMI, a privately held portfolio management company where he was the senior executive responsible for three YGOMI portfolio companies, including Arraycomm, a wireless software company. Prior to this, he served as CEO at revenue assurance solutions provider Connexn Technologies and at intellectual asset management solutions provider Delphion. Earlier, Ritchey was President and General Manager of INVISIX, a Cisco-Motorola joint venture that delivered IP transport to wireless carriers.

Most recently, Chateauneuf was CEO of Sentito Networks, a provider of carrier-class VoIP switching and open service delivery platforms. Previously, he served as CEO of switching equipment start-up DTI Networks and later CopperCom.

See also