WALTHAM, Mass.–(BUSINESS WIRE)–July 17, 2003–STARBAK Communications, Inc.(R), the leader in integrated, end-to-end solutions that enable users to create, deliver, and manage rich mediaapplications over IP, today announced that it has secured $3 million in Series B financing. Leading venture capital firms Venrock Associates, Atlas Venture, and Carlyle Venture Partners co-led theround along with private investors.<\/p>\n
“We are pleased to have attracted the support and capital from three top-tier venture investors,” said Gregory Casale, STARBAK’s President and COO. “STARBAK’s success at raising capital is further validation of its technical strength, strong management team, and significant market opportunity. This ample amount will take us through profitability and enable STARBAK to continue its aggressive pace of bringing new products to market.”<\/p>\n
“STARBAK is delivering quarter to quarter revenue growth with their video communications products because they allow customers to extract significant additional value from their installed video conferencing solutions,” said Mike Tyrrell, General Partner at Venrock Associates. “The Torrent(R) family of products is so compelling, it is winning over very pragmatic customers in the enterprise and government sectors, which is very impressive in this environment.”<\/p>\n
“The scope of applications that are currently being delivered over packet networks is huge,” said Michael Feinstein, Senior Principal at Atlas Venture. “The STARBAK(R) product suite is an elegant solution that addresses the concerns that organizations face when dealing with rich media application delivery. It also offers several value-added features that turn it into a must-have, at a price point that provides a quick and easy ROI.”<\/p>\n
“STARBAK holds up to our scrutiny of technology companies because they are continuously generating revenues along with new products. In under a year they have expanded their reseller base exponentially, successfully growing their international presence in key markets such as Asia,” said Brian Hayhurst, Managing Director at Carlyle Venture Partners.<\/p>\n
About STARBAK Communications, Inc.(R)<\/p>\n
STARBAK Communications, Inc.(R) is the only company focused on providing integrated end-to-end solutions to enable customers to create, manage, and deliver rich media applications over IP. The company is recognized as the first to implement high-performance Windows Media(R) and RTSP streaming and cache proxy engines running under various UNIX operating systems including Linux. STARBAK’s Torrent(R) family of products includes gateways, streaming servers, edge delivery devices, management systems and enabling technology. Founded in January 2000, the company is headquartered in Massachusetts. STARBAK is a privately funded company, whose investors include Venrock Associates, Atlas Venture, and Carlyle Venture Partners. To learn more about our company, please visit our website at: www.starbak.com.<\/p>\n
STARBAK Communications, Inc.(R), STARBAK(R), and Torrent(R) are registered trademarks of STARBAK Communications, Inc.<\/p>\n","protected":false},"excerpt":{"rendered":"
WALTHAM, Mass.–(BUSINESS WIRE)–July 17, 2003–STARBAK Communications, Inc.(R), the leader in integrated, end-to-end solutions that enable users to create, deliver, and manage rich mediaapplications over IP, today announced that it has secured $3 million in Series B financing. Leading venture capital […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"class_list":["post-470","post","type-post","status-publish","format-standard","hentry","category-hedgeco-news"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/470","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=470"}],"version-history":[{"count":0,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/470\/revisions"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=470"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=470"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=470"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}