Cedar Point raises $15 million

Cedar Point Communications’ all-in-one voice switching solution for the cable industry brought investors back to the table this week as the company raised $15 million in additional financing.

The financing round was led by Focus Ventures and included participation from existing investors Ascent Venture Partners, Battery Ventures, Charles River Ventures, Comcast Interactive Capital, JP Morgan Partners, Motorola Ventures and STAR Ventures.

Derry, NH-based Cedar Point will use the infusion to support increased manufacturing, marketing and sales activities for its SAFARI C³ Multimedia Switching System and to fund Cedar Point’s increasing activities in Europe and elsewhere.

Kevin McQuillan, general partner of Focus Ventures, said in a statement that Cedar Point’s integrated architecture approach created a differentiated product that has been selected for use by many of the major U.S. and Latin American cable system operators.

The company said the SAFARI C³ product is the only totally integrated carrier-class VoIP switch that incorporates all of the components that make up the PacketCable voice-switching infrastructure at no extra cost. This keeps operators from having to purchase, maintain, upgrade and regression test separate call management servers, media gateways, record keeping servers, announcement servers, signaling gateways, Ethernet switches and CALEA servers.

The SAFARI C3 is designed to accommodate not only current voice switching needs but also the anticipated migration to video telephony and multimedia services.

Cedar Point’s latest customers are Caribbean Cable and Cablemas in Mexico. The company signed a multi-year deal with Comcast in October of 2004.