SG Cowen invests $2 million in TelOptica

June 27, 2001
June 27, 2001--TelOptica, Inc. announced that SG Cowen Ventures Fund, an employee investment fund sponsored by SG Cowen Securities Corporation, has invested $2 million in the optical network software developer.

TelOptica, Inc. announced that SG Cowen Ventures Fund, an employee investment fund sponsored by SG Cowen Securities Corporation, has invested $2 million in the optical network software developer. This investment completes the second round of financing for the company at $15.2 million. TelOptica's funding from two rounds now totals more than $21 million.

SG Cowen Ventures joined other second-round investors Trellis Venture Partners, Austin Ventures, CenterPoint Venture Partners, and SSM Ventures as a backer of the company.

SG Cowen Securities Corporation is a global investment banking firm focused on technology and healthcare, and has participated in the initial public offerings of major telecommunications companies including Alcatel and Sequoia.

TelOptica works with telecommunications carriers and leading network hardware manufacturers. The product suite allows these customers to intelligently design and manage their optical networks.

The additional funding will allow TelOptica to continue to augment its IQSolutions product suite, an integrated family of software systems comprised of DesignIQ and RouteIQ. The next version of DesignIQ, version 3.1, will extend support for critical optical network technologies including enhanced DWDM and flexible equipment modeling.

About TelOptica:

Located in the heart of the Telecom Corridor? in Richardson, Texas, TelOptica is a leading provider of intelligent software systems for the design, planning and management of large-scale, next-generation, public or private networks. Customers of TelOptica include large U.S. telecommunications carriers, competitive local exchange carriers and several of the world's largest OEMs. For more information, visit the TelOptica Web site at www.teloptica.com.

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