Marietta FiberNet chooses Coriolis Networks for metro multiservice platform

Oct. 17, 2001--Coriolis Networks, Inc., a provider of metro optical networking solutions, announced that Marietta FiberNet, a government-operated telecommunications service provider working to enhance the metropolitan Atlanta area's reputation as a business and technology region, has become the first carrier to deploy the OptiFlow Network solution.

Coriolis Networks, Inc., a provider of metro optical networking solutions, announced that Marietta FiberNet, a government-operated telecommunications service provider working to enhance the metropolitan Atlanta area's reputation as a business and technology region, has become the first carrier to deploy the OptiFlow Network solution. Marietta FiberNet is initially using the OptiFlow Network to deliver optical Ethernet service to other carriers, enterprises and local government organizations in the metropolitan Atlanta area.

With the flexible bandwidth services offered through Coriolis' platform, Marietta FiberNet's customers can now order a 10, 25 or 50 megabit-per-second service to burst beyond their committed information rate (CIR), rather than having to purchase multiple T1 circuits. OptiFlow also allows for dynamic bandwidth use, so when a circuit is not using its burst capacity, that bandwidth is reallocated for another circuit's use.

Leveraging a carrier's existing fiber, OptiFlow increases the "saleable" amount of bandwidth resulting in maximized return on infrastructure investments and reduced operating costs. With Coriolis' solution, Marietta FiberNet is able to customize their data transport services for each of their customers' particular needs and can accommodate growing data needs without additional wiring or truck rolls.

In a separate announcement, Coriolis has secured $32 million in its third round of funding bringing its total funding raised to date to $74 million. Incumbent investors Bessemer Venture Partners, New Enterprise Associates and Columbia Capital contributed to this round of funding along with new investors TL Ventures and EnerTech Capital Partners. Coriolis plans to use this investment to support global operations and to continue to enhance its flagship product line, The OptiFlow Network.

The company also announced the expansion of its business into the European market with the opening of sales and customer service operations in London, to provide support to European carriers.

About Marietta FiberNet:

Marietta FiberNet provides telecommunications services. Established in 1996, Marietta FiberNet is the state's first municipally owned company to be certified as a competitive local communications carrier. For more information, visit www.mfn.net.

About Coriolis:

Coriolis Networks, founded in 1999, is delivering a family of next-generation metro optical networking products. For more information, visit www.coriolisnet.com.

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