14 November 2002 -- Cirpack, Paris, a vendor of next generation telephony equipment for telecom operators' infrastructures, has announced further inward investment of EUR4m. This will allow the company to structure its activities in Europe, expand in Asia and grow its line of products.
Jean-Pierre Dumolard, Cirpack's president, said, "Despite the current slow down in the telecom market, Cirpack has succeeded in developing and field-proving a unique voice switching technology that allows operators to reduce costs, differentiate their services, and increase their profitability."
"We have been selling products for many years and generates a positive cash flow. Our new shareholders are investing to accelerate our corporate development and assert our technology advance".
Cirpack background
Founded in 1999 in France, Cirpack offers next generation voice switches to telecom operators, enabling them to migrate their infrastructures to IP or ATM technologies for instance. Service providers can extend the capacity of their legacy voice infrastructures at a much lower cost, and introduce innovative telephony services such as VoIP.
The company will be growing its product lines to reach new markets such as with its GSM Transit Switch for mobile operators and its SS7 routing platform, allowing Local Number Portability in a wired and mobile network.