Companies Collaborate To Advance The Fulfillment Of Value-Added Services To Consumers Over Broadband
BroadJump, Inc., provider of software solutions for the efficient and rapid deployment of broadband services, today announced that Nortel Networks, SBC Venture Capital Corporation, a subsidiary of SBC Communications and BellSouth Corporation have participated in the company’s third round of funding topping $22 million. In addition to advancing its solution offerings, BroadJump will use these new funds to support global expansion plans and to drive its leadership position in broadband service fulfillment.
BroadJump’s strong financial backing from broadband market leaders demonstrates the industry’s heightened interest in software solutions that help broadband service providers move beyond just the installation and management of basic high-speed Internet access. Increasingly, service providers are turning to solutions that take them closer to profitability by leveraging broadband as a channel to deliver the revenue-generating services most highly demanded by consumers such as virus-protection, firewall solutions and video-on-demand.
In little more than two years, BroadJump has established customer relationships with the industry’s leading service providers. With its flagship product, Virtual Truck® Installer, BroadJump is fulfilling high-speed access for more than 8,000 broadband consumers a day worldwide and is managing more than 500,000 connections with its connection management solution, CorrectConnect™. This success, combined with an impressive list of strategic investors, solidifies BroadJump’s leadership position in driving the industry from the fulfillment of basic high-speed access to enabling the delivery of multiple broadband services over the first mile.
“SBC’s investment is based on BroadJump’s history of continued success in transforming broadband from a simple, always-on connection to an interactive tool consumers can use to change the way they live, work and play,” said vice president of strategy for SBC Communications, Abha Divine. “The combination of BroadJump’s advanced technology platform and our shared vision makes this investment a natural fit.”
“BellSouth is committed to providing consumers with a top-notch broadband experience and our investment in BroadJump and our implementation of the PC Qualification, Virtual Truck Installer and Connection Manager tools illustrates this commitment,” said president of BellSouth broadband, Internet and data services, Ralph de la Vega. “BroadJump has shown an in-depth knowledge of the challenges associated with broadband and has consistently delivered innovative solutions to meet those challenges and help us enhance our customer experience.”
“Since inception, BroadJump has focused on enabling service providers to derive value from their investment in broadband networks,” said president and chief executive officer of BroadJump, Kip McClanahan. “With the support of companies such as SBC, BellSouth, and Nortel Networks, we can enable – for the first time – a revenue-generating channel over broadband by which service providers can deliver digital goods and services.”
BroadJump’s third round of investment brings the company’s total funding to $47 million. Investors from BroadJump’s earlier rounds also contributed to this latest funding event including Accel Partners, Austin Ventures, PCG Ventures and Techxas Ventures.
BroadJump, Inc. creates software that allows residential broadband service providers – cable, DSL and fixed wireless – to streamline installation, manage the connection and enable the fulfillment of new services. With BroadJump’s solutions, service providers can enhance the subscriber experience through intelligent deployment of applications, content and valuable new services. BroadJump’s North American customers include Adelphia Communications, AT&T Broadband, Bell Canada, BellSouth Corporation, Road Runner, SBC Communications, Sprint (DSL and fixed wireless), and Time Warner. Founded in November 1998 by broadband and software industry veterans, BroadJump is headquartered in Austin, Texas with offices located throughout the United States and Canada.
Virtual Truck is the registered trademark of BroadJump, Inc. All other trademarks mentioned herein are the property of their respective owners.
Further information can be obtained by visiting the website: http://www.broadjump.com
Tel: +1 (512) 908 4476
MCC International Ltd
Martin Brindley/ Adrian Brophy
Tel. +44 (0)1962 888 100
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