Sunday, November 5, 2006

BridgePort Raises $13 Million for MobileVoIP Convergence

BridgePort Networks, a start-up headquartered in Chicago with an R&D facility in Cambridge, Massachusetts, announced $13 million in nre venture financing by its current investors. The new financing brings the total capital raised by the company to $51 million.

BridgePort Networks offers a software-based Network Convergence Gateway (NCG) that enables the convergence of mobile and IP voice and data services. The company has signed a global reseller agreement with Siemens Communications.

Existing investors TD Capital Ventures, Polaris Venture Partners, General Catalyst Partners and BCE Capital all participated in the financing.


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