“ASSIA is pleased to have additional telecommunications service providers close this financing round to accelerate ASSIA’s next-generation products to market. These strategic investments are an endorsement of ASSIA’s solutions and recognize the successful deployment of ASSIA’s first generation of software products,” said Dr. John Cioffi, Chairman and CEO. “ASSIA welcomes our new investors and thanks current investors for their continuing support.”
ASSIA builds world-class management systems for DSL service providers. ASSIA’s products enable DSL service providers to realize dramatic speed and reach improvements, lowering operating and capital expenses and generating additional significant revenue. ASSIA’s products and services deliver the performance and reliability needed to launch exciting next-generation services such as IP television, faster wireless data transfers to smartphones using broadband, and ultimately 100+ megabits per second (Mbps) service over existing phone lines.
Vicente San Miguel Maza, CTO at Telefonica, said, “Telefonica is proud of its leadership in DSL services and is committed to providing the best quality service to our DSL customers worldwide. Telefonica’s and ASSIA’s success in extending the performance of the copper plant is a testament to the innovation capabilities of both companies.”
AT&T’s Steve Sposato, VP Network Systems Engineer, said, “AT&T and ASSIA have enjoyed a strong relationship since ASSIA’s founding in 2003. AT&T’s world-class DSL network of more than 15 million lines has benefitted from the ASSIA alliance.”
Bob Kondamoori, Managing Director of Sandalwood Partners, said, “DSL provides 80 percent of consumer broadband in India, which currently represents 10 million lines, but consumer broadband penetration is just approaching 5 percent. Optimizing the copper plant is the key enabler of broadband expansion in India, and we are confident that ASSIA’s solutions will play a central role.”
About ASSIA
ASSIA Inc. is the leading provider of high-performance software tools for Dynamic Spectrum Management of DSL networks. ASSIA’s products enable DSL service providers to realize dramatic speed and reach improvements, lowering operating and capital expenses, generating incremental revenue, and opening new business opportunities in the broadband-enabled home. ASSIA has more than 35 million lines under contract worldwide with top-tier service providers and is backed by strategic investors, including AT&T, Mingly China Growth Fund, SFR Development, Sandalwood Partners, Sofinnova Partners, Stanford University, Swisscom Ventures, T-Ventures, and Telefonica. For more information, visit www.assia-inc.com.
More articles from Entrepreneur Country:
- 78% of entrepreneurs tell Lord Sugar ‘you’re fired’
- The Wayne Rooney effect- Why downside protection does not make you money
- Online Dragon Julie Meyer advises fired 'Apprentice'
- By whose rules should we judge entrepreneurs?
- Why the world’s poorest people are its strongest market
- Industry survey predicts ‘other’ private equity houses will fall and further banking covenants will be breached
- Study finds that 92% of US two year olds have an online presence
- Latest M&A and VC deals from the last 7 days
Linked In - http://linkd.in/ct1Rfy
Twitter - @Encountry
Email -
This e-mail address is being protected from spambots. You need JavaScript enabled to view it
Editor-
This e-mail address is being protected from spambots. You need JavaScript enabled to view it
