Broadband Briefs for 9/08/08
• Verimatrix gets cash to target cable, satellite
By Brian Santo
Content security specialist Verimatrix attracted a new round of funding.
The company did not specify how much money it received, but characterized the Series C round as its largest ever. Prior rounds of funding totaled $23 million.
The company has sold its Video Content Authority System (VCAS) system largely into the IPTV market. It plans to use the cash to enter more traditional pay-TV markets – cable, satellite, hybrid.
The company contends its software-based IP content security technologies are a more cost-effective, more secure solution than legacy smartcard approaches.
The latest funding round was led by Goldman Sachs, and got participation from SunAmerica Ventures, part of the American International Group (AIG).
• From the wires: Congress set to weigh in on telecom issues
By Brian Santo
In its next session, Congress and other arms of the Federal government are likely to consider adopting rules on network neutrality, the Universal Service Fund, and targeted advertising. Congress is also likely to review the advertising deal between Google and Yahoo, according to the AP (story here).
• Ciena picks up Argentina Telecom
By Brian Santo
Telecom Argentina has expanded its network, using Ciena’s CN 4200 FlexSelect Advanced Services Platform as the basis for the upgrade.
The operator deployed Ciena’s CN 4200 in an extensive DWDM upgrade to its optical network to support the development of advanced broadband and business connectivity services, including storage, by increasing available bandwidth on an as-needed basis.
Additional network upgrade phases currently underway will extend Telecom Argentina’s CN 4200 deployment to include Ciena’s G10 and G10X Ethernet Service Modules. The modules will deliver Layer 2 Ethernet aggregation, switching and transport capabilities as simple plug-and-play upgrades to CN 4200.
Telecom Argentina will mainly utilize the modules to migrate its DSLAM infrastructure from ATM over SDH backhaul connections to Gigabit Ethernet in support of advanced communication services requirements, according to Ciena.
• Miniweb secures $32 million to help drive converged service offerings
Converged services company Miniweb said today that it has garnered $32 million in a venture capital investment.
The funding was led by Denver-based Meritage Funds and Nevada-based DeGeorge Holdings III. Miniweb said the infusion of capital will be used to finance its international growth and in the interactive TV market.
Miniweb addresses industry and consumer demands for converged broadcast and broadband entertainment that offers personalized, Web-style interactivity for TV viewers.
Miniweb said its platform provides significant opportunities to exploit the global growth in broadband enabled TV services. The enhanced viewing experience for customers enables new revenue streams for network operators, broadcasters, content owners and advertisers.
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