Press Releases
For further information regarding any of the following press releases contact:
Ed Buchner,
Vice President of Corporate Marketing & Partner Development
Tel: 603-766-5192
Fax: 603-766-5150
E-mail: ed.buchner@pannaway.com
At Pannaway we are redefining broadband convergence.
Pannaway Networks Completes Move to New Corporate Headquarters
Portsmouth, NH - June 19, 2008 - New Facility Accommodates Future Growth
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Pannaway Delivers New Mobile Backhaul Options to Telecom Providers
Portsmouth, NH - April 1, 2008 - New Broadband Access Switch Leverages Standards-Based Technology to Deliver T1 Services for Mobile Backhaul and Business Customers over Cost-Effective Ethernet Transport
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Pannaway Networks Wins Prestigious VON Magazine Innovator Award for its MAGNM-20 MSAP Platform
Portsmouth, NH - March 11, 2008 - VON Magazine Recognizes the Demand for Flexible and Scalable Ethernet/IP Evolution Technology by Naming Pannaway to its Innovator Awards Listing
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Pannaway Increases Value of its MAGNM-20 with 2.5 GPON and Non-Blocking Fabric
Portsmouth, NH - February 27, 2008 - Telcos Can Now Leverage High-Density Copper, Active Ethernet and 2.5 GPON, Using the Same, Fully-Managed Carrier-Grade Ethernet/IP Platform
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Pannaway Continues to Simplify Telcos' Ethernet/IP Adoption with New "At-will" Evolution Solutions
Portsmouth, NH - February 7, 2008 - MAGNM-FX, Formerly Inteleflex, Infuses Legacy Infrastructures with Fully Converged and Managed Ethernet/IP Technology
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Pannaway Responds to Customer Demand for Ethernet/IP Evolution Solutions with Organizational Expansion
Portsmouth, NH - January 31, 2008 - Pannaway Adds Siemens Veteran Ed Buchner as VP of Corporate Marketing and Partner Development, and Appoints Kevin Brown to VP of Solutions and Product Marketing
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Pannaway Technologies Receives INTERNET TELEPHONY® Magazine's 10th Annual Product of the Year Award
Portsmouth, NH - January 16, 2008 - Industry Leading Innovation of MAGNM-20 Earns Pannaway a Coveted Spot as Best Product of 2007
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Pannaway Technologies Named to Service Provider Weekly's Top 50 Vendors
Portsmouth, NH - December 19, 2007 - Company Chosen for its Innovative All-IP Broadband Solutions
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Pannaway Technologies Gains RUS Acceptance for 2.5 GPON, Active Point-to-Point Fiber and High Density Copper Systems
Portsmouth, NH - December 12, 2007 - Delivers Broadest, RUS-Approved, IP-Based Fiber Offering In Telecom Marketplace
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Pannaway's Comprehensive SCN™ Network Systems Approach Enables Valley Telephone Cooperative to Deploy All-IP Transport, 2.5 GPON and ADSL2+ System
Portsmouth, NH - October 25, 2007 - Rural Telecom Uses Complete Pannaway Network to Deliver Fiber-to-the-Home, Double DSL Subscriber Base, and Expand Triple Play Services
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Pannaway Technologies Strengthens its Board of Directors with Appointment of Ronald Kandell and Michael Eblin
Portsmouth, NH - October 23, 2007 - Former Siemens and Sony Executives Add Proven IOC Operations and Sales Expertise to Pannaway Board
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Pannaway to Demonstrate Carrier-Grade 2.5 G-PON and 100/1000MBPS Active Ethernet Solutions at FTTH Conference and EXPO 2007
Portsmouth, NH - October 2, 2007 - Pannaway to Present on Industry's Most Flexible Fiber-Based Service Delivery Platform, Educates on Legislative, Regulatory and Economic Factors and Consequences
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Pannaway Technologies Named to Broadband Properties Magazine's 2007 Top 100 Vendors List for the Second Straight Year
Portsmouth, NH - September 17, 2007 - Award underscored by the Introduction of New MAGNM-20 Chassis, Acquisition of TelStrat Access Division and Strong Telco Customer Growth
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Pannaway Technologies Acquires Access Division from TelStrat International, Ltd.
Portsmouth, NH - August 14, 2007 - Acquisition Creates the Most Comprehensive, Integrated IP Broadband Access Portfolio Available Providing Telcos with a Seamless Path to an All-IP Future
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Pannaway Launches Next Generation IP Platform for Broadband Service Providers
Portsmouth, NH - June 18, 2007 - New All-IP Multi-Service Access Platform Provides Telcos with Operational Simplicity, Carrier-Grade Availability and Future Protection Ensuring Affordable Delivery of Emerging Triple-Play Services
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NTELOS Adopts Pannaway Technologies' SCN for Converged IP Access Needs
Portsmouth, NH - May 14, 2007 - Leading Virginia Telco Transforms the Service Capabilities of its Legacy ATM Access and TDM Voice Network with IP-Ethernet from Pannaway
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ETEX Communications Deploys Pannaway Technologies for Triple Play and Beyond
Portsmouth, NH - April 4, 2007 - Leverages Pannaway systems for Residential and 10G Commercial Applications
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Pannaway Technologies Broadens its Partnerships to Provide Complete System Solution for CALEA
Portsmouth, NH - April 4, 2007
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Arvig Communication Systems (ACS) chooses Pannaway Technologies for Next Gen All IP Access Network
Portsmouth, NH - March 29, 2007 - Pannaway system provides core elements of the PowerPlay package from ACS
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Pannaway Technologies Continued Performance Results in $10M of New Capital Investment
Portsmouth, NH - October 26, 2006
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Ponderosa Telephone Upgrades Access and Transport Network with Pannaway's IP and Ethernet Service Convergence Network (SCN™)
Portsmouth, NH - September 18, 2006 - California Telco Replaces Older DSLAMs with Pannaway to Deliver SIP-enabled, Digital Voice and ADSL2Plus from a Single Easy-to-Deploy Platform
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Pannaway Technologies Named to Broadband Properties Magazine's 2006 Top 100 Vendors List
Portsmouth, NH - August 28, 2006 - Award underscored by Innovative IP, Ethernet and Fiber-to-the-Premise Technology, Unprecedented Customer Support and Strong Telco Customer Growth
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Polar Communications Simplifies Broadband Infrastructure with Pannaway's IP & Ethernet Service Convergence Network (SCN™) Access & Transport Solution
Portsmouth, NH - August 14, 2006 - Thriving Cooperative Leverages Pannaway to Solidify Position as N. Dakota's Leading IP Triple Play Services Provider
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Pannaway Technologies Closes Record Breaking First Half of 2006 Underscored by Strong ILEC/CLEC Growth and Increased IP TV Service Deployments
Portsmouth, NH - July 26, 2006
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Valley Telephone Cooperative Selects NRTC and Pannaway Technologies for Next-Generation IPTV Deployment
Portsmouth, NH - June 28, 2006 - Pannaway's Ultra-broadband Triple Play IP Access Platform First to Support Video Transport Service from SES AMERICOM and NRTC
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Pannaway Technologies Named to IT Week Magazine's 2006 Top 100 Vendors List
Portsmouth, NH - June 5, 2006 - Award Underscored by Innovative IP & Ethernet Technology, Unprecedented Customer Support and Strong Telco Customer Growth
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Pannaway Technologies to Announce HomePNA Availability for its Widely Deployed FTTP Solution at GLOBALCOMM 2006
Portsmouth, NH - June 5, 2006 - New Pannaway Products Reduce In-home Wiring Burden While Accelerating Digital IP TV Installation Time for Telecom Service Providers
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Ritter Communications Becomes 12th Telco to Deploy Pannaway Technologies and GENBAND at the Core of its Broadband Network
Portsmouth, NH - May 22, 2006 - GENBAND and Pannaway Technologies' Partnership Enables Arkansas CLEC to Offer High-performance Communications Services to 4000 Local Businesses
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Pannaway Technologies Wins GLOBALCOMM™ 2006 Award of Excellence
Portsmouth, NH - May 15, 2006 - Industry-proven Broadband Management System Allows Telcos to Reduce Installation Complexity and Lower Operating Costs for IP and Ethernet Networks
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Filer Mutual Telephone Company Improves Performance and Quality of Triple Play Services by Deploying Pannaway's Customer-proven IP Access System
Portsmouth, NH - May 9, 2006 - Innovative Broadband Services Company Poised to Lead the Way With Converged IP TV, Primary Line VoIPSM and High-speed Data Service Delivery in Central Idaho
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3 Rivers Communications Upgrades Access Network with Pannaway's Service Convergence Network (SCN™) Solution
Portsmouth, NH - April 17, 2006 - Leading Montana Telephone Cooperative Migrates to IP Ethernet and SIP for the Delivery of High-bandwidth Broadband Services
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Albany Mutual Telephone Association Delivers New Triple Play Broadband Services to Minnesota Using Pannaway's IP Ethernet Copper/Fiber Access Platform
Portsmouth, NH - April 3, 2006 - Nortel and Pannaway Enable Minnesota Telco to Deliver SIP-based VoIP Services
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New AFC 48 Retrofit Kit from Pannaway Provides Telcos with a Smooth Upgrade Path to Next-generation Broadband Services
Portsmouth, NH - March 20, 2006 - Telcos can Extend Life of Deployed AFC 48 Cabinets and Reduce CAPEX and OPEX Associated with New Cabinet Deployments by 60%
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KPU Telecommunications Delivers Converged Broadband Services to a Community of 14,000 Rural Subscribers over Pannaway's Service Convergence Network (SCN™)
Portsmouth, NH - March 13, 2006 - Alaska's First City ILEC Transforms ATM and TDM Network with IP Ethernet
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Empire Telephone Corp., Transforms TDM Network to Next-Generation IP Packet and SIP Using Pannaway Technologies' Service Convergence Network Platform
Portsmouth, NH - February 27, 2006 - ILEC Rolls Out New Triple Play Services Including SIP-based VoIP to Western New York
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Waitsfield and Champlain Valley Telecom Selects Pannaway's Service Convergence Network For Delivery of Broadband Services to 21,000 Rural Vermont Subscribers
Portsmouth, NH - February 21, 2006 - ILEC Transforms Legacy ATM and TDM Networks with IP Packet System
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Pannaway's Broadband Access Manager (BAM™) Receives HOT Technologies Award at NTCA EXPO '06
Portsmouth, NH - February 16, 2006 - BAM Simplifies Broadband Equipment/Service Installation and Maintenance for ILECs
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Springville Cooperative Telephone Company Delivers Next-generation Broadband Services to Iowa using Pannaway's IP-BLC Platform
Portsmouth, NH - February 14, 2006 - Iowa Coop Transforms the Service Capabilities of its Existing ATM and TDM Network with IP-Ethernet
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Nortel Enables New Rural Market SIP Access Solutions
Toronto - February 6, 2006
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Pannaway Technologies Closes Successful 2005 Driven by Strong ILEC Customer Growth, Primary Line VoIPSM Industry Acceptance, Expanded Executive Leadership and RUS Listing
Portsmouth, NH - January 30, 2006
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Pannaway Technologies' President to be Featured on Wall Street Reporter
Portsmouth, NH - January 20, 2006
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Arthur Mutual Telephone Company Selects Pannaway's IP Access Solution to Deliver Converged Triple Play Broadband Services to Northwest Ohio
Portsmouth, NH - January 16, 2006 - Next-generation Access Architecture to Allow Cost-Effective Delivery of High-Bandwidth Voice, Video and Data Services from Remote Terminals
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Pannaway Technologies' CTO and Triple Play Customer to Highlight Agenda at OPASTCO's 43rd Annual Winter Convention in Maui, Hawaii
Portsmouth, NH - January 6, 2006 - Cross Telephone's David Wright to Detail Video Service Delivery Best Practices for ILECs
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Pannaway Technologies Receives INTERNET TELEPHONY Magazine's "Product-of-the-Year" Award for the Second Straight Year
Portsmouth, NH - January 4, 2006 - Industry's First End-to-End Broadband EMS System Allows Rural Telcos to Reduce Installation Complexity and Lower Operating Costs through Automated Management
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Washington County Rural Telephone Cooperative d/b/a Tele-Media Solutions Selects Pannaway's Service Convergence Network (SCN™) for the Delivery of Triple Play Services to Indiana
Portsmouth, NH - December 6, 2005 - Tele-Media Solutions Continues to be the Premier Telecommunications Provider in South Central Indiana
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Pannaway Technologies and Com Net, Inc., Help Rural Telcos to Deliver Converged Broadband Services Across Ohio
Portsmouth, NH - November 30, 2005 - Deal will Enable Clients of Com Net, Inc., to Cost-Effectively Deliver Next-Generation Broadband Services Using Pannaway's Service Convergence Network (SCN™)
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MetaSwitch and Pannaway Announce Primary Line VoIP Interoperability Partnership for SIP and MGCP
Portsmouth, NH - October 26, 2005 - Leaders in Next-Gen Networking Certify Interoperability of SIP-Based Triple-Play Services for IOCs, CLECs and Municipalities
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CopperCom and Pannaway Announce Interoperability on SIP-based Networking
Portsmouth, NH - October 25, 2005 - Industry-leading switching and access vendors drive RUS-listed multi-protocol VoIP interoperability at Telecom '05 for maximum network flexibility
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Industry Experts Recognize Pannaway Technologies with Technology and Executive Accolades
Portsmouth, NH - October 24, 2005 - Pannaway's Collection of Award Wins and Nominations Validate Leadership in Telco Triple Play Market
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Pannaway Technologies Creates Primary Line VoIP Partner Program to Ensure SIP-based, Lifeline and E 911 Calling in Multi-Vendor Environments
Portsmouth, NH - October 24, 2005 - Industryis First VoIP Certification Program Will Leverage Pannawayis Primary Line VoIP System to Promote Telco-Grade Networks for Rural IOCs, CLECs and Municipalities
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Pannaway Technologies Closes Successful Q3 2005
Portsmouth, NH - October 17, 2005 - Highlights Include Launch of End-to-End IP Management System, 14 New Triple Play Customer Wins and Emergence into Burgeoning CLEC/Municipality Markets
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Pannaway Technologies Adds ETEX Telephone Cooperative to its Growing List of Broadband Service Provider Customers
Portsmouth, NH - September 12, 2005 - ETEX Chooses Pannaway's IP Access Solution Based on its End-to-End, Remote
Provisioning and Management Capabilities
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Pannaway Technologies Releases Client Server-based
Broadband Access Manager (BAM)
Portsmouth, NH - September 12, 2005 - Industry's First End-to-End Broadband EMS System Allows Rural Telcos to Reduce Installation Complexity and Lower Operating Costs through Automated Management
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Pannaway Technologies Adds New York-based Empire Telephone Corp. to Growing IOC Customer List
Portsmouth, NH - August 22, 2005 - Empire Telephone Selects Pannaway for the Delivery of Highly Sought After Converged Broadband Services
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Pannaway Technologies Signs First Canadian IOC Customer
Portsmouth, NH - August 8, 2005 - Bruce Municipal Telephone System Selects Pannaway for the Delivery of next-Generation Voice, Video and Data Services to their Ontario Customer-Base
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Pannaway Technologies Service Convergence Network (SCN™) System Added to RUS List of Materials
Portsmouth, NH - August 3, 2005 - RUS Acceptance Enables Rural IOCs to Leverage Pannaway's Multi-Award Winning Access Solution for the Delivery of Triple Play Services
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Pannaway Technologies Announces Record Close to Q2 05
Portsmouth, NH - July 25, 2005 - Highlights from Quarter Include Customer Wins, Innovative Product
Development and Additional Private Funding
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Pannaway Technologies Announces $15.6 Million in Private Funding
Portsmouth, NH - July 6, 2005 - Funding Will Enable Company to Advance IP Convergence R&D; Expand Service & Support Organization; Enter Emerging Markets
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Pannaway Technologies Named One of Ten Coolest Companies of 2005 by Telecommunications Magazine
Portsmouth, NH - June 7, 2005 - Pannaway's Next-Generation Access Solution Allows Telecom Service Providers to Deliver Voice, Video and Data over Single Broadband Connection while Ensuring E-911 Availability
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Pannaway Simplifies Broadband Service Delivery for Telcos with Industry's Most Flexible Family of Next-Generation DLC Products
Portsmouth, NH - June 7, 2005 - New IP DSLAM Product Suite Allows Telcos to Mix and Match Voice, Video and Data Technologies for More Efficient and Affordable Broadband Deployment
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Pannaway Technologies Announces First End-to-End Fiber-to-the-Home Solution with Dual 10 Gbps Uplinks
Portsmouth, NH - May 23, 2005 - New Fiber Access Solution Enables Telecommunications Service Providers to Meet Bandwidth Requirements for Emerging Applications
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Pannaway Technologies Continues to Build Momentum with its Patent-pending Primary Line VoIPSM Technology Capability Ensures Lifeline E911 Support in a VoIP Environment
Portsmouth, NH - May 2, 2005 - Wins Communications Solutions' Product of the Year Award; Named One of Four "Cool Vendors in Network Infrastructure" by Gartner
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Pannaway's Industry First Primary Line VoIPSM Capability Ensures Lifeline E911 Support in a VoIP Environment
Portsmouth, NH - April 18, 2005 - Pannaway's "Triple Play" System Solves E911 Lifeline Support Problem for Rural ILECs
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Pannaway Technologies Closes Successful Q1 05
Portsmouth, NH - April 12, 2005 - Quarter Highlighted by New Customer Adoption, Expansion into New Markets,
Increased Interest in Primary Line VoIP and Addition to Leadership Team
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Pannaway Technologies' Anjan Bose to Speak at INTERNET TELEPHONY Conference & Expo
Portsmouth, NH - February 24, 2005 - Company Honored with CEO Spotlight and Editor's Choice for Service Convergence Network in February Issue of INTERNET TELEPHONY Magazine
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Pannaway Technologies Furthers Partnership with net.com
Portsmouth, NH - February 17, 2005 - Partnership Allows Telecommunications Service Providers to Seamlessly Deploy IP-based Video Services in Legacy ATM environments
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Pannaway Technologies Announces Partnership with Coaxsys
Portsmouth, NH - February 14, 2005 - Partnership Provides Telcos with a Cost-Effective Way to Deliver High-Revenue Voice, Video and Data Services over Existing In-House Coaxial Cable Infrastructures
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Pannaway Executives Featured on WallStreetReporter.com
Portsmouth, NH - February 14, 2005 - Gary Davis, President, and Mike Skubisz, CTO, Discuss Company Strategy, Trends in the Converged Broadband Services Market
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Pannaway Technologies to Present at NTCA 2005 Annual Meeting and EXPO
Portsmouth, NH - February 9, 2005 - CTO Mike Skubisz to Detail How to Build a Network for Triple Play Services
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CellStream, ACRS 2000 Corporation, OU Tulsa and Pannaway Technologies to Host IP Training Workshop for Telephone Companies
Portsmouth, NH - February 9, 2005 - Telco Technical and General Managers to Learn How to Develop Migration Plans for Delivering Triple Play Services over IP
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Pannaway Technologies Closes Strong 2004 Marked by Solid Customer Growth, Increased Funding and Industry Awards
Portsmouth, NH - January 31, 2005 - Pannaway Launches All-IP Access Solution, Securing Pathway for ILECs to Tap into Lucrative Triple Play Services Market
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Pannaway and net.com Partner to Expand IP Telephony Solution for Triple Play
Portsmouth, NH and Fremont, CA - January 26, 2005 - Partnership Enables ILECs to Migrate to VoIP Without Requiring Forklift Upgrades
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Pannaway Technologies Customer to Highlight Agenda at Annual Mid-State Consultants Training Week Conference
Provo, UT - January 19, 2005 - Cross Telephone's David Wright To Detail How ILECs Can Migrate To IP Services While Retaining Investments In Legacy Infrastructure
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Pannaway Technologies Receives INTERNET TELEPHONY Magazine's "Product of the Year" Award for 2004
Portsmouth, NH - January 4, 2005 - Broadband Access Switch (BAS™) for ILECs Honored for Outstanding Innovation
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Pannaway Technologies Wins "Best in NGN Award"
Portsmouth, NH - November 5, 2004 - Pannaway's Powerful IP DSLAM Garners Prestigious Award as Industry's First Broadband Access Switch to Deliver Lifeline POTS with Advanced Calling Features
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Pannaway to Showcase its Advanced New Generation VoIP Calling Features with Support for Lifeline POTS at NECA and Telecom '04
Portsmouth, NH and Las Vegas, NV - October 4, 2004 - Pannaway CTO Michael Skubisz to Present at both
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Pannaway to Unveil Industry's First 10 Gbps Routing Device designed specifically for ADSL2+ Networks at OPASTCO's Summer Convention and Tradeshow, July 10-14
Portsmouth, NH - July 13, 2004 - Gigabit Ethernet aggregator and internetworking router is first in industry to let local exchange carriers deliver a greater array of broadband services at wire speeds over a single IP network
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Pannaway Releases Optical Router for Guaranteed Converged Broadband Voice, Video and Data Delivery
Portsmouth, NH - June 14, 2004 - Pannaway Technologies, Inc., designers and developers of converged broadband platforms for telecommunications companies, has released its Broadband Aggregation Router (BARTM) for management and delivery of IP-based services over great distances with the use of traditional fiber optic cables.
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Pannaway Releases Two New Products for Managed Broadband Service Delivery
Portsmouth, NH - May 3, 2004 - Pannaway Technologies, Inc., designers and developers of converged broadband platforms for telecommunications companies, has released its Broadband Access Switch (BASTM) and Residential Gateway NID (RGNTM) for IP-based delivery of digitized voice, enhanced video, and multiple data services over great distances with the use of traditional copper telephone lines.
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Pannaway and FTTH Communications Help Upper Midwest Telcos Deliver "Technology of Tomorrow"
Portsmouth, NH - April 14, 2004 - Pannaway Technologies, Inc., designers and developers of converged broadband voice, video and data platforms, has received independent confirmation of network interoperability from FTTH Communications, an integrated communications provider and creator of the LightBlast residential fiber-optic network.
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Pannaway Selected For Exclusive Panel At the Federal Communication Bar Association
Portsmouth, NH - January 16, 2004 - Pannaway Technologies, Inc., developers of the first truly converged broadband platform for voice, data and video, has been asked to participate in an exclusive four-person panel at the upcoming Federal Communications Bar Association's annual event February 3-4, Com Law 101 Seminar, in Washington, D.C.
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Pannaway Technologies Introduces Industry's First All-In-One Triple Play Premise Device
Portsmouth, NH - October 13, 2003 - Pannaway Technologies, Inc., developers of the first truly converged broadband platform for voice, data and video, today announced the release of its ADSL2+ version of its all-in-one intelligent premise device, the Personal Branch Gateway (PBG).
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Pannaway Technologies' CTO To Speak At TELECOM '03
Portsmouth, NH - October 10, 2003 - Pannaway Technologies' Chief Technology Officer, Michael Skubisz, will speak at USTA's TELECOM '03 on the Internet Protocol (IP) Network Interface Devices (NID), also known as IP NID. An IP NID is the premise device that sits between the public IP network and the household devices that use it, such as computers, telephones and TVs.
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Pannaway In Forbes Magazine
PORTSMOUTH, NH, September 23, 2003 - Pannaway Technologies, developers of the first truly converged broadband platform for voice, data and video, received unexpected coverage in Forbes' annual listing of the 400 richest people in America. The special double issue of the magazine, which reaches over 4.4 million readers in North America, cited Pannaway's revolutionary technology that allows small to mid-size telecommunications companies to offer carrier-class telephone, broadband data delivery, and broadcast-quality video services to their customers without significant upgrades to their existing infrastructure.
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Pannaway Receives Communication Convergence 2003 Editors Choice Award
PORTSMOUTH, NH, July 7, 2003 - Pannaway Technologies has been named a winner by CMP Media LLC's Communication Convergence Magazine for 2003 Editors Choice award. Pannaway was chosen for its Service Convergence Network offering that provides rural telcos the ability to run voice, video and data over a single IP infrastructure. By Pannaway receiving this award, the editors of Communication Convergence feel the products we offer are "the cream of the crop."
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Pannaway Launches the PBG, Personal Branch Gateway for End-to-End IP Converged Broadband, Toll-Quality Voice, High Speed Data, and Broadcast-Quality Video to Residences and Soho
PORTSMOUTH, N.H., June 3, 2003 - Pannaway Technologies, Inc. an innovator in broadband convergence, today announced the launch of the PBG, Personal Branch Gateway, the first on-premise device to integrate a router, an Internet modem, firewall together with Voice over IP services, enabling guaranteed voice, video, and data services simultaneously over a single connection.
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Pannaway Appoints Kevin Brown as Marketing Director
PORTSMOUTH, N.H., June 2, 2003 - Pannaway Technologies, Inc., an innovator in broadband convergence, today named Kevin Brown as Marketing Director.
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Pannaway Receives $7 Million in Second Round of Venture Funding; Existing Investors Increase Their Financial Commitments
Portsmouth, N.H. - (Business Wire) - June 2, 2003 - Pannaway Technologies, Inc., an innovator in broadband convergence, today announced that it has successfully completed a $7 Million second round of funding from a private investment group led by Robert Levine, founder of Cabletron.
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