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Blue Jeans Networks secures USD 50 mln in new funding

2013-09-18 17:23:00| Telecompaper Headlines

(Telecompaper) Global provider of interoperable video collaboration services, Blue Jeans Network has secured USD 50 million in new funding led by Battery Ventures. Blue Jeans Networks also announced that it has surpassed 2,000 business customers and three million participants consuming more than 100 million minutes annually. The new funding will accelerate the company's domestic and global market expansion and also support product innovation. The recent round of funding, led by Roger Lee of Battery Ventures, brings the total overall financing Blue Jeans has received to nearly USD 100 million. Existing investors Accel Partners, New Enterprise Associates and Norwest Venture Partners also participated in the financing. The funding will also fuel market expansion with new offices in San Francisco and new operations in Europe and Australia.

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Anger Spreads Quicker Than Joy on Social Networks

2013-09-17 18:34:30| PC Magazine Software Product Guide

Sites like Facebook and Twitter help us stay connected to others, but all this interaction is leading to a lot of anger, according to a new study from researchers at China's Beihang University.

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Momentum Telecom Selects OneAccess Network's One Series Multi-Service Routers

2013-09-17 06:00:00| Industrial Newsroom - All News for Today

Partnership Enables Momentum Telecom to Address the Evolving Service Delivery Requirements of the SMB and Enterprise<br /> <br /> HERNDON, Virginia and BIRMINGHAM, Alabama &mdash; OneAccess Networks [http://www.oneaccess-net.com/onesite ], a global manufacturer of multi-service routers with integrated application visibility and control features, today announced that their One Series multi-service router and gateway solutions have been selected by Momentum Telecom, a leading cloud ...This story is related to the following:Computer Hardware and PeripheralsCommunications Software | Gateways |

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Extreme Networks buys Enterasys for USD 180 mln cash

2013-09-12 16:24:00| Telecompaper Headlines

(Telecompaper) Ethernet switching specialist Extreme Networks has entered into a definitive agreement to acquire Enterasys Networks for USD 180 million in cash. The combined entity will continue to support the product roadmaps of both companies going forward, in order to protect the investments of current customers and avoid any disruption to businesses. The companies wants to combine the ExtremeXOS and Enterasys network operating systems within two years, and so fully support both hardware platforms. Combined revenues are expected to be double that of either company alone. Significantly increased scale is expected to enable greater investments in R&D. The operating margin of the combined entity is also expected to increase over time as synergies are realised. The acquisition, excluding transaction, integration and purchase accounting related costs, is expected to be immediately accretive. The deal is subject to customary closing conditions and regulatory approvals and is expected to close in the fourth quarter. The acquisition was approved by the board of directors of each company. Extreme Networks has received a preliminary debt commitment to finance at least USD 75 million of the purchase price, with the balance to be funded from cash on hand. The closing of the transaction is not conditioned upon the receipt of any bank financing.

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iPhone 5S and 5C: The best support for 3G and 4G LTE networks worldwide

2013-09-11 21:42:14| Extremetech

Yesterday, the iPhone 5S and iPhone 5C were both announced at an event at Apple's headquarters. Apple makes a strong point throughout the unveiling that both the iPhone 5S and iPhone 5C support more ultra-fast networks than any other phone available on the market today.

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