BigBand Closes ADC Deal6/29/2004 4:02 AM Eastern
BigBand Networks Inc. said it has closed on its deal to purchase ADC Telecommunications Inc.'s Internet-protocol/cable business unit.
The unit makes the “Cuda” cable-modem-termination system and “FastFlow” broadband-provisioning manager.
BigBand also announced an additional $25 million in venture-capital funding, coming from Charles River Ventures, Evergreen Investments, Meritech Capital Partners, Pilot House Ventures Group LLC, Redpoint Ventures and Time Warner Investments.
The company has raised more than $100 million to date.