Cedar Point gets $19 million for cable telephony technology
Charles River Ventures and Battery Ventures have committed $19 million in private equity financing to Cedar Point Communications’ effort to develop a cable telephony system, the company said. Previous Cedar Point funding came from its founders and other investors, led by Ascent Venture Partners.
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Cedar Point’s technology combines Class 5 voice switch capabilities with voice-over-IP in a single system that meets CableLabs’ PacketCable requirements. Comcast has been testing it in its labs since November of last year.--Jim Barthold, Senior Editor
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© 2012 Penton Media Inc.
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