PacketFront announces €9.5M in new financing

APRIL 14, 2010 -- PacketFront, a supplier of FTTH (fiber to the home) broadband networking, has raised €9.5M of new equity financing.

APRIL 14, 2010 -- PacketFront, a supplier of FTTH (fiber to the home) broadband networking, has raised €9.5M of new equity financing.

The financing comes from PacketFront’s existing investors TLCom Capital Partners Limited, Amadeus Capital Partners, European Equity Partners, private shareholders, and PacketFront’s CEO. PacketFront will use the funds to fuel its growth and to continue establishing itself in countries and markets in EMEA with FTTH deployments from operators, utilities, and municipalities.

“PacketFront has a strong base in the Nordic countries, the Netherlands, and the UAE and has been expanding into EMEA countries that have FTTH activity. The FTTH market continues to expand and we want to enable PacketFront to take advantage of this opportunity and to continue to grow its customer base,” says Maurizio Caio, managing partner of TLcom Capital.

PacketFront is investing into R&D in order to offer an Active Ethernet and GPON end-to-end solution for FTTH operators. In addition to the BECS fleet element manager with automation, control, and provisioning capabilities, new products include home gateways and access products with gigabit capacity. In addition, the company is expanding its portfolio of broadband aggregation routers to allow the full benefit of automation and advanced service control over existing broadband technologies, such as ADSL, VDSL, DOCSIS CATV networks, and wireless.

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