Only a couple of days after signing an investment banking agreement with Global Financial Services Ltd., 3P Networks Inc. announced a similar agreement with Swiss firm Eclipsar Group Corp. Ltd. 

3P secured $12 million in equity from Eclipsar, which the company will use to accelerate its business plan, analyze potential acquisitions, and prepare for being listed on the NASDAQ Small Cap and the London AIM Exchange.

According to Chris Farnworth, 3P Networks’ CEO: “This funding will enable the company to pursue our growth plans and acquisition strategy at an accelerated rate. The private placement is expected to close by February 28, 2007.”

Eclipsar is a private fund based in Zurich, Switzerland, providing emerging growth companies with capital for expansion and acquisition opportunities.

Among 3P Networks’ services are high definition (HD) digital TV, IPTV, voice, and fixed and wireless data/Internet access deployed on an IP-based network platform. 3P Networks also offers complete end-to-end communications services to multi-unit environments such as hotels, resorts, condominiums, planned communities and healthcare suites, where bundled subscribers can get significant savings.

In October, 3P Networks acquired controlling interest in Data Fortress Systems Group, a Vancouver-based service and network application provider. The purchase was completed through a combination of cash and shares in 3P Networks. Michael Chong, CEO and President of Data Fortress, and key staff members, will remain with the group.

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Want the latest scoop on all things VoIP? Make sure you attend  INTERNET TELEPHONY Conference & Expo East, January 23-26, 2007 in Fort Lauderdale, Florida. While you’re waiting for the show to start, check out Rich Tehrani’s analysis of the communications industry in 2007. 

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