CENX Inc , a pioneer in Carrier Ethernet interconnect systems and services announced today that Verizon Investments LLC a subsidiary of Verizon Communications Inc , and Mesirow Financial Private Equity Inc have led a $9 m investment in CENX Current CENX investors DCM Highland Capital Partners and Wasatch also participated in the investment Verizon’s Investments is an affiliate of Verizon Ventures the strategic venture capital arm for Verizon CENX will use the funds to meet the requirements and opportunities associated with its growing list of tier-1 wireless amp wireline operator customers through increased system engineering and support resources
CENX is poised to grow significantly after winning business at multiple tier-one operators in North America said Nan Chen Co-Founder amp President of CENX We are very pleased that Verizon and Mesirow co-led the financing to fuel our next stage of growth ”
The telecommunications industry is in a massive transition from TDM to Ethernet/IP-based networks and services said Daniel Keoppel Executive Director at Verizon Ventures This raises significant operational opportunities to be served by new Ethernet/IP-centric telecom systems processes and services ”
CENX has developed an industry-leading solution to address operational aspects of the transition to Ethernet/IP said Tom Galuhn President of Mesirow Financial Private Equity Inc With its Ethernet expertise and innovative systems CENX could deliver % or more annual opex savings for Ethernet mobile backhaul and enterprise Ethernet access ”
CENX Inc , is a pioneer and leader in Carrier Ethernet interconnect systems and services for mobile backhaul and enterprise Ethernet access Recognized by multiple leading publications for its innovation CENX’s award-winning and industry first amp only Carrier Ethernet Interconnect Systems amp Services enable operators to cost-effectively build manage and optimize their Carrier Ethernet networks while lowering access cost accelerating time-to-market and improving end-user experience Through its work at the MEF www MetroEthernetForum org and in the industry the CENX team has been playing a leading role in the definition of standards and the development of the Carrier Ethernet market over the past ten years For more information please contact CENX at info@cenx com +1 847 386 , or visit a href=”http://www cenx com target=”_blank”>www cenx com
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