Virtual Communications Firm V-Span Announces Strategic Initiatives With Motorola
Companies plan joint development of broadband offerings; Motorola joins Series B investors.
(EMAILWIRE.COM, November 28, 2000 ) King of Prussia, PA. - (November 28, 2000) - V-SPAN, which provides virtual global communications solutions over traditional and next-generation networks to corporations, carriers and ISPs, today announced that it has entered into a strategic relationship with Motorola, Inc., which includes an investment by Motorola in its Series B Preferred Stock.V-SPAN and Motorola's Broadband Communications Sector will enter into two strategic initiatives to greatly expand the opportunity for virtual communications over broadband networks. The companies will focus on video communications solutions using digital set-top terminals, as well as on broadband VPN solutions for mobile professionals and remote workers."V-SPAN has been fortunate to partner with the best of breed technology, software and network providers to provide global virtual communications solutions, said Ken Hayward, President of V-SPAN. "We are excited about this investment from Motorola, and about our strategic relationship that will create an exciting new model for virtual communications".The investment by Motorola, when combined with earlier investments by Goldman Sachs & Co., Comcast Interactive Capital, Enron Broadband and others, brings V-SPAN's total Series B Preferred fundraising to $38 million.V-SPAN will be demonstrating telecommuter and SOHO video applications at the Western Cable Show 2000, Los Angeles Convention Center, in the Motorola, Inc. (NYSE: MOT) Broadband Communications Sector Booth #1401. About V-SPAN: V-SPAN provides virtual global communications solutions over traditional and next-generation networks to corporations, carriers, and ISPs. V-SPAN's suite of applications and back office network connectivity services enable on-demand multimedia conferencing and streaming for meetings, events and training. Through its premiere customer service, V-SPAN empowers enterprises to extend their communications reach, reducing business cycles, expanding global presence and maximizing competitive advantages. V-SPAN's award-winning services include: broadband gateway connectivity between traditional and next-generation networks, multipoint bridging, videoconference network management, Webconferencing, audioconferencing, streaming, managed conference services, worldwide scheduling & reservations and help desk services. V-SPAN corporate headquarters is located in King of Prussia, PA with offices worldwide. For additional information about V-SPAN services and unrivaled customer dedication, please contact 1-888-44V-SPAN or visit our Web site at www.v-span.com.About Motorola Broadband Communications Sector: Motorola's Broadband Communications Sector was created when General Instrument Corporation (GI) merged with Motorola, Inc. in January 2000. Combining the former GI's leadership in converged voice, video, and data networks with Motorola's global reach and brand identity, Motorola's Broadband Communications Sector focuses on broadband solutions that deliver interactive television, Internet, and telephone services over both wired and wireless networks. ### Joshua Cartagenova V-SPAN - Senior Marketing Manager 1100 First Ave., Ste 400 King of Prussia, PA 19406 (p): 610-382-4056 (f): 610-382-1601 (e) joshc@vspan.com www.vspan.com
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V-SPAN, Inc.
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V-SPAN, Inc.
Joseph Nchor
Tel:
Email us
This is a press release. Press release distribution and press release services by EmailWire.Com: http://www.emailwire.com/us-press-release-distribution.php.
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Companies plan joint development of broadband offerings; Motorola joins Series B investors.
Companies plan joint development of broadband offerings; Motorola joins Series B investors.
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