Comcast Corp.'s investment subsidiary dialed up Internet-protocol voice with
an investment in an IP-telephony start-up.
Comcast Interactive Capital has made a strategic investment in Cedar Point
Communications as part of a $19 million first funding round. The exact amount of
the investment was not released. Lead investors in the funding round were
Charles River Ventures and Battery Ventures.
Cedar Point has been hitting the market with an IP-multimedia technology that
funnels voice-control functions into an all-in-one switch unit.
Based on PacketCable technology, the 'SAFARI C3' media-switching system is in
trails with Comcast at its Philadelphia test labs, and it will soon begin a
field trial with MetroCast Cablevision, an MSO serving 90,000 homes in Belmont
and Rochester, N.H., and Sanford, Maine.
'We are very impressed by the rapid progress that the company has made in
bringing the unique integrated architecture of the SAFARI C3 platform to
fruition,' CIC managing director Samuel Schwartz said in a release. 'We believe
Cedar Point can play a significant role in the new exciting market of cable IP