BigBand Closes ADC Deal

6/29/2004 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.

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