Cedar Point Nets $25M in Funding

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Multimedia soft-switch provider Cedar Point Communications has managed to
pull down another $25 million in funding from a raft of investors here and
abroad, and that may help it to weather the cold front that has settled over
cable Internet-protocol-telephony deployments.

German outfit STAR Ventures led the round, and it has earmarked new funds
toward development and marketing of Cedar Point's "Safari C3" media-switch
system.

Also participating in the round were original financiers Charles River
Ventures, Battery Ventures, Comcast Interactive Capital and Ascent Ventures.

The international element of the funding round may help Derry, N.H.-based
Cedar Point to extend its presence beyond just U.S. cable operators, according
to company founder and chairman Mark Galvin.

"We expect that STAR Ventures' multinational footprint and its track record
of success abroad will help us to achieve our objectives quickly, both in the
United States and overseas, while the increased commitment by Comcast
Interactive Capital indicates a genuine interest in accelerating VoIP
[voice-over-IP] deployments in the United States," he said in a release.

Indeed, Comcast Corp. is now in technical trials with Cedar Point as it
continues to explore IP telephony.

But recently, the MSO indicated that its first IP-telephony deployment is
probably 18 months away, as it focuses attention on the video products and
rebuilding networks it inherited in its merger with AT&T
Broadband.

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