Xebeo Communications secures $20 million in second round funding

April 22, 2002--Xebeo Communications Inc., developer of carrier-class switching platforms for the Optical Ethernet market, recently completed the first closing of a new $20-million round of financing led by Crescendo Ventures, Morgenthaler Ventures, and Windward Ventures.

Apr 22nd, 2002

Xebeo Communications Inc., developer of carrier-class switching platforms for the Optical Ethernet market, recently completed the first closing of a new $20-million round of financing led by Crescendo Ventures, Morgenthaler Ventures, and Windward Ventures.

Each investor had participated in Xebeo's initial financing round.

Xebeo is currently completing development of a line of switching platforms with the scalability to deliver Gigabit Ethernet services to the millions of businesses located inside fiber-rich regions. Xebeo's products are built to integrate cleanly into existing carrier environments and interwork with the legacy systems of carriers. Through the additional financing, Xebeo will continue with the rigorous testing of its switching platforms and the development of its ability to provide world-class support for lab trials and customer deployments.

Recent advances in low-cost laser technology have removed distance limitations that previously constrained Ethernet to the local area and campus, say company representatives.

"Carriers are viewing Ethernet services as a strategic initiative and an opportunity for increased revenues, with reduced infrastructure costs," explains Michael Skarzynski, president and chief executive officer of Xebeo. "Carriers are continuing to invest heavily in their metro market networks. This is one telecom category that should experience a significant upswing over the next several years."

Xebeo Communications Inc. (South Plainfield, NJ) is an early-stage company that delivers carrier class switching platforms for next-generation packet based telecommunications networks. For more information, visit the company's Web site at www.xebeo.com.

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