Alcatel Ventures Leads $32 Million Venture Round In Mockingbird Networks

Alcatel Ventures announced it is leading a $32 million round of venture financing in Mockingbird Networks, a global leader in carrier-grade VoIP application switches. Also participating in this round is top-tier Silicon Valley-based Technology Crossover Ventures. This funding will enable Mockingbird to accelerate its investment in engineering, sales, marketing and operations as the company ramps up its production of the highly-acclaimed Nuvo VoIP application switches.

Steve Y. Kim, Managing Partner of Alcatel Ventures said, "We look for three things in our investments: a huge market opportunity, a compelling technology with a sustainable advantage, and a management team committed to excellence. We are pleased to be leading this round of financing for Mockingbird Networks, as we believe they have all of the ingredients for success."

"The next generation network will only realize its full potential with key technology like Mockingbird's VoIP application switch which allows service providers to quickly and easily deploy enhanced voice services," said Rick Kimball, a founding general partner at TCV. "We look forward to working with Mockingbird's team as the company leads the development of these critical platforms for service providers building out next generation Internet infrastructure."

"It is very exciting for us to be working with two such prestigious venture firms with excellent investment track records in the telecommunications industry," said Craig Forney, Mockingbird CEO. "We have made tremendous headway at Mockingbird, and see the momentum accelerating rapidly with the advice and counsel of the partners at Alcatel Ventures and TCV."

[ Back To BizWatch Homepage ]