Monday, December 3, 2007

NexTone and Reefpoint Merge into NextPoint

NexTone Communications, a leading provider of session border controller and session management solutions, and Reef Point Systems, which offers mobile access universal convergence gateways, agreed to merge into a new company -- NextPoint Networks -- serving mobile and fixed-network operators worldwide. The new company will specialize in intelligent, secure and high-scale fixed and mobile IP connectivity solutions.

The NextPoint product portfolio includes:

  • Integrated Border Gateway

  • Session Border Controller

  • Multiprotocol Session Exchange

  • Real-time Session Manager

  • Femtocell Gateway

  • Wireless Gateway

The new company has completed a $20 million round of funding led by One Equity Partners, the private equity arm of JP Morgan Chase, and joined by American Capital , Core Capital Partners, Jerusalem Venture Partners, Safeguard Scientifics, and Summerhill Venture Partners.

NextPoint will be based in Gaithersburg, Maryland and retain offices in Billerica, Mass. As part of the merger, Woody Ritchey was named Chief Executive Officer of NextPoint. For the last eighteen months, Ritchey has led Reef Point into successful trials and deployments with tier-one mobile operators around the world. David Walsh, who has served as CEO of NexTone, has been named Chairman of NextPoint. The company currently has about 300 employees.

See also