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Publication: Light Reading
Date: 11th October 2001
Title: PacketFront Gets Funding
STOCKHOLM -- PacketFront Sweden AB, a start-up company in Stockholm, Sweden,
developing a purpose-built totally integrated solution for the evolving
metro-access Ethernet Broadband Networks ("EBNs"), announced
today that it has received series A financing from London-based venture
capital firm European Equity Partners (EEP).
The EBN market is in an early evolutionary stage but is foreseen to grow
rapidly in the next five years. There are an increasing number of Fiber
To The Home (FTTH) projects around the world and no products available
that has been designed specifically for this market. "Ethernet broadband
operators have been forced to use Enterprise LAN switches from the traditional
LAN vendors and have had great problems because the special requirements
of using Ethernet in a residential operator environment were not addressed
when these products were designed", says Martin Thunman, CEO of PacketFront.
"PacketFront will be first on the market with a total solution that
addresses all the challenges of EBNs including full multi-operator support.
As a result, we have already generated significant interest from potential
customers.".
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