Yipes gets $24M C round
Yipes Enterprise Services announced a $24-million series-C round of funding Monday, led by Crosslink Capital and including existing investors.
Industry News
Blogs
Briefing Room
advertisement
With the current round, the Ethernet service provider has raised a total of nearly $94 million since July 2002, when Yipes Communications emerged from Chapter 11 bankruptcy as Yipes Enterprise Services.
The latest funds give the company more than enough to reach positive cash flow in 2006, it said. With 6500 customers, Yipes claims to have tripled its customer base in the past two years.
Norwest Venture Partners, JPMorgan Partners and Sprout Group--a venture capital affiliate of Credit Suisse First Boston--participated in the round.
Want to use this article? Click here for options!
© 2010 Penton Media Inc.
advertisement
Learning Library
Webcasts
Trends in Customer Activation
Join us for a look at emerging trends and technologies for more efficient, effective activation of customer accounts and services.
- Connected Business Models Series: The Innovation Engine
- Connected Business Models Series: The New Solution - sponsored by Motorola
- No Spectrum, No Problem: Learn the Potential of WiMAX on the Unlicensed Bands – sponsored by Alvarion
- Inside Telecom LIVE, Best Practices in IMS and NGN Deployment – sponsored by EXFO
White Papers
Going Beyond an Application Store
This whitepaper challenges the wireless industry to think beyond apps...
- How High-Tech Device Manufacturers Are Using Embedded Software to Grow Revenue
- Telecommunications Equipment Providers: Enhancing Customer Satisfaction, and Revenues, with Embedded Software
- IDC White Paper—Software Licensing & Entitlement Management: The Next Generation
- IPv6 Visibility and Protection: Best Practices for Managing and Securing IPv6 Traffic
Featured Content
Making the Most of Wireless Broadband
In this Connected Planet Tech Center, sponsored by Motorola, learn more about fixed wireless technology, investigate the solutions it can support... LEARN MORE
of interest
The Latest
News
From the Blog
Briefingroom
Join the Discussion
advertisement
Resources
Get more out of Connected Planet by visiting our related resources below:
Connected Planet highlights the next generation of service providers, as well as how their customers use services in new ways.
Subscribe Now