Ocean Broadband Networks Ltd. Announces Closing of Series B Fund
Ocean Broadband Networks Ltd. (OBN), the leading provider of triple-play (voice/data/video) broadband access – Ethernet Passive Optical Networks (EPON), is pleased to announce the close of its Series B financing. Motorola Ventures and Atlas Venture have joined as new investors. OBN will use this new funding to expand its China operations and move to commercialize and deploy its EPON solutions.
OBN is shipping its market-proven EPON products with the features and performance to enable fast, easy-to-deploy, and low-cost triple-play solutions for FTTH, FTTB and FTTC at over 100X the bandwidth of DSL. Telecom and CCTV carriers will gain the ability to offer a broader range of communications and entertainment services including IPTV, Internet access, telephony, high-speed data, VOD, SDTV, as well as HDTV. Telecom and CCTV carriers expect to enjoy a higher return on investment due to the lower cost and easier maintenance of FTTB and FTTC deployment. Subscribers will win with higher bandwidth access to these enhanced communications and entertainment services.
"We are seeing rapid growth in broadband market enabled by EPON products. The adding of Motorola and Atlas Ventures will have a strong impact on our business expansion both in depth and in broadness," said Wei Gao, Co-founder/CEO of OBN.
“China is of continuing strategic importance to Motorola. Besides shoring up strength in mobile devices and network infrastructure, Motorola is expanding its reach into emerging communications technologies that can help deliver seamless mobility solutions to our customers in China,” said Matthew I. Growney, Managing Director, Motorola Ventures.
"Atlas has been an international venture capital firm for over 20 years and our emerging investment activities in China are therefore a natural extension of our proven international strategy. We are very pleased with our investment in Ocean Broadband, which is our first investment in China. We are also confident about the potential of the growing investment opportunities in China and about our growing participation in this exciting development," said Gerry Montanus, Sr. Partner at Atlas Venture.
About OBN
OBN develops and delivers the proven EPON product and solution for fast, easy-to-deploy, low-cost, and easier maintenance triple-play (voice/data/video) broadband access. The OBN’s EPON product and solution are changing the way broadband access networks to include the abilities of improving bandwidth and management capacity, reducing Capex and Opex, optimizing network and fiber infrastructure. To learn more about OBN, please view http://www.obroadband.com.cn.
About Motorola Ventures
Motorola Ventures (MV) is the global, strategic venture capital investment arm of Motorola, Inc. MV invests at all stages in developing companies of strategic value to Motorola in order to accelerate access to new technologies, new markets and new talent. For more information, please visitwww.motorola.com/ventures。
About Motorola
Motorola is known around the world for innovation and leadership in wireless and broadband communications. Inspired by our vision of Seamless Mobility, the people of Motorola are committed to helping you get and stay connected simply and seamlessly to the people, information, and entertainment that you want and need. We do this by designing and delivering "must have" products, "must do" experiences and powerful networks -- along with a full complement of support services. A Fortune 100 company with global presence and impact, Motorola had sales of US $35.3 billion in 2005. For more information about our company, our people and our innovations, please visit
http://www.motorola.com.cn。
About Atlas Venture
Atlas Venture is a leading early-stage international venture capital firm that invests in technology and life sciences businesses in the U.S., Europe and Asia. Since inception in 1980, its partners have helped build over 300 companies in more than 15 different countries. In the past decade, 40 portfolio companies have been acquired and 39 are now public companies with an aggregate market capitalization of over $12 billion. Atlas Venture is currently investing from its seventh fund and manages over $2.5 billion in capital through offices in Boston, London, Munich, and Paris. For more information, visit
http://www.atlasventure.com
Media Contact:
Lei Zhang (OBN)
+86 21 51095200 ext. 638
+86 137 7428 1093
Email: lei.zhang@obroadband.com.cn
Guo Feizhou（Motorola）
+86 10 6564 2585
+86 139 1100 6410
Email: a20563@motorola.com [HOME]
Ocean Broadband Networks Ltd. (OBN), the leading provider of triple-play (voice/data/video) broadband access – Ethernet Passive Optical Networks (EPON), is pleased to announce the close of its Series B financing. Motorola Ventures and Atlas Venture have joined as new investors. OBN will use this new funding to expand its China operations and move to commercialize and deploy its EPON solutions.
OBN is shipping its market-proven EPON products with the features and performance to enable fast, easy-to-deploy, and low-cost triple-play solutions for FTTH, FTTB and FTTC at over 100X the bandwidth of DSL. Telecom and CCTV carriers will gain the ability to offer a broader range of communications and entertainment services including IPTV, Internet access, telephony, high-speed data, VOD, SDTV, as well as HDTV. Telecom and CCTV carriers expect to enjoy a higher return on investment due to the lower cost and easier maintenance of FTTB and FTTC deployment. Subscribers will win with higher bandwidth access to these enhanced communications and entertainment services.
"We are seeing rapid growth in broadband market enabled by EPON products. The adding of Motorola and Atlas Ventures will have a strong impact on our business expansion both in depth and in broadness," said Wei Gao, Co-founder/CEO of OBN.
“China is of continuing strategic importance to Motorola. Besides shoring up strength in mobile devices and network infrastructure, Motorola is expanding its reach into emerging communications technologies that can help deliver seamless mobility solutions to our customers in China,” said Matthew I. Growney, Managing Director, Motorola Ventures.
"Atlas has been an international venture capital firm for over 20 years and our emerging investment activities in China are therefore a natural extension of our proven international strategy. We are very pleased with our investment in Ocean Broadband, which is our first investment in China. We are also confident about the potential of the growing investment opportunities in China and about our growing participation in this exciting development," said Gerry Montanus, Sr. Partner at Atlas Venture.
About OBN
OBN develops and delivers the proven EPON product and solution for fast, easy-to-deploy, low-cost, and easier maintenance triple-play (voice/data/video) broadband access. The OBN’s EPON product and solution are changing the way broadband access networks to include the abilities of improving bandwidth and management capacity, reducing Capex and Opex, optimizing network and fiber infrastructure. To learn more about OBN, please view http://www.obroadband.com.cn.
About Motorola Ventures
Motorola Ventures (MV) is the global, strategic venture capital investment arm of Motorola, Inc. MV invests at all stages in developing companies of strategic value to Motorola in order to accelerate access to new technologies, new markets and new talent. For more information, please visitwww.motorola.com/ventures。
About Motorola
Motorola is known around the world for innovation and leadership in wireless and broadband communications. Inspired by our vision of Seamless Mobility, the people of Motorola are committed to helping you get and stay connected simply and seamlessly to the people, information, and entertainment that you want and need. We do this by designing and delivering "must have" products, "must do" experiences and powerful networks -- along with a full complement of support services. A Fortune 100 company with global presence and impact, Motorola had sales of US $35.3 billion in 2005. For more information about our company, our people and our innovations, please visit
http://www.motorola.com.cn。
About Atlas Venture
Atlas Venture is a leading early-stage international venture capital firm that invests in technology and life sciences businesses in the U.S., Europe and Asia. Since inception in 1980, its partners have helped build over 300 companies in more than 15 different countries. In the past decade, 40 portfolio companies have been acquired and 39 are now public companies with an aggregate market capitalization of over $12 billion. Atlas Venture is currently investing from its seventh fund and manages over $2.5 billion in capital through offices in Boston, London, Munich, and Paris. For more information, visit
http://www.atlasventure.com
Media Contact:
Lei Zhang (OBN)
+86 21 51095200 ext. 638
+86 137 7428 1093
Email: lei.zhang@obroadband.com.cn
Guo Feizhou（Motorola）
+86 10 6564 2585
+86 139 1100 6410
Email: a20563@motorola.com [HOME]