Thursday, March 22, 2007

Reef Point Raises $25 Million for FMC

Reef Point Systems, a start-up based in Burlington, Mass., closed $25 million in its Series 2 round of funding led by new investor One Equity Partners LLC (OEP), the private equity investment arm of JPMorgan Chase & Co. (NYSE: JPM).

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.

Returning investors in the round include American Capital Strategies, Ltd. and Jerusalem Venture Partners (JVP).

See also