North America
Reef Point Raises $25 Million
By Burlington, MA
Mar 23, 2007, 09:49

Reef Point Systems announced today it has closed $25 million in its Series 2 round of funding led by new investor One Equity Partners LLC (OEP), the private equity investment arm of JPMorgan Chase & Co. (NYSE: JPM).  Returning investors in the round include American Capital Strategies, Ltd. (NASDAQ: ACAS) and Jerusalem Venture Partners (JVP).

Reef Point Systems is a technology leader in convergence gateway platforms and solutions for fixed-mobile convergence (FMC) networks.

INFO SOURCES

Reef Point Systems

FIRMS

One Equity Partners (OEP) manages $5 billion of investments and commitments for JPMorgan Chase & Co. in direct private equity transactions.  Partnering with management, OEP invests in transactions that initiate strategic and operational changes in businesses to create long-term value.  OEP's investment professionals are located across North America and Europe, with offices in New York, Chicago and Frankfurt.

American Capital is the second largest U.S. publicly traded alternative asset manager with approximately $11 billion in assets under management (second to Fortress (NYSE: FIG)).  American Capital, both directly and through its global asset management business, is an investor in management and employee buyouts, private equity buyouts and early stage and mature private and public companies.  American Capital provides senior debt, mezzanine debt and equity to fund growth, acquisitions, recapitalizations and securitizations.  American Capital and its affiliates invest from $5 million to $750 million per company in North America and 5 million to 400 million per company in Europe.

Jerusalem Venture Partners (JVP) is a leading venture capital firm focusing on investments in early stage companies in the media technologies & enterprise software, semiconductors & innovative materials and communications & networking sectors.  With over $680 million under management and offices in Israel, North America, Europe and China, JVP leverages its international presence, vast expertise and substantial capital base to build companies with the potential to shape and dominate global markets. 

Reef Point Systems is the maker of the Universal Convergence Gateway (UCG), the telecommunications industry's only available platform purpose-built with the functionality, performance and scalability to provide comprehensive access control (termination, security, policy management and quality of service) for the full range of fixed-mobile convergence (FMC) implementations and industry standard architectures.  The UCG platform and its broad range of FMC solutions give service providers the utmost freedom, flexibility and affordability to build compelling, competitive services for their customers.  These solutions maximize service reach by delivering services over any access technology; ensure service availability by protecting all levels of the FMC infrastructure (subscriber device, access network, IP core and applications) and by enforcing quality of service; and protect revenue streams by defending against theft of service.  Reef Point Systems is a privately held company located in Burlington, Massachusetts, USA.

PEOPLE

David Walsh, Partner at OEP, has been named to Reef Point's Board of Directors.

LINKED TO

The company is backed by investors including American Capital, 3i Group, Jerusalem Venture Partners, Walden International, ARCH Venture Partners, Sofinnova Ventures and Westbury Partners.