Brilliant Secures $7.6 Million in Funding from ONSET Ventures And NovAtel for Next Generation Timing and Synchronization

AddThis Feed Button

October 12th, 2009 Leave a comment Visited 319 times, 2 so far today

Brilliant continues to grow and attract investment from top-tier investors

Campbell, Calif. October 12, 2009 – Brilliant Telecommunications, Inc. (Brilliant), a developer of next-generation network timing and synchronization solutions, today announced it has secured $7.6 Million in funding, led by ONSET Ventures and NovAtel Inc., with participation from Asset Management, Draper Associates, Draper Richards, Xilinx and additional strategic investors. This funding will be used to accelerate growth through expanded sales and channel partner development.

“Our continued investment in Brilliant demonstrates our commitment to their business” said Susan Mason, general partner, ONSET Ventures, and Brilliant board member. “Brilliant continues to gain traction with leading global service providers as the market embraces next-generation packet-based timing solutions.”

“We are impressed with Brilliant’s ability to acquire new global deployments,” commented Michael Ritter, president & CEO, NovAtel Inc. “Our strategic partnership with Brilliant delivers a comprehensive NGNTiming and synchronization solution that when coupled with NovAtel’s superior GNSS technology provides a best-in-class, end-to-end solution.”

Over the past year, Brilliant has continued to expand its market presence across the globe, with active deployments at leading mobile telecommunications providers throughout Europe, Asia, and Africa. Brilliant continues to strengthen its market position through product innovation and performance to become a leading player in the next generation timing and synchronization market. Their vision of providing a complete end-to-end managed solution consisting of network timing servers and clients, OEM modules, and licensable intellectual property core technology has been realized and validated.

“This is a significant round of funding from top-tier investors that further validates the importance of this market,” said Dr. Charles Barry, president and CEO, Brilliant Telecommunications. “With this new infusion of capital we can continue our future growth and expansion in the mobile telecommunications market.”

About ONSET Ventures

ONSET Ventures specializes in providing “venture craftsmanship”-an ideal mix of start-up, follow-on, and intellectual capital to entrepreneurs and early-stage technology ventures, to help transform world-class ideas into sustainable and valuable businesses. The firm has backed over 100 companies since 1984 and now has more than $700 million under management. Based in Menlo Park, California, ONSET focuses exclusively on information and medical technology-based start-ups, and has a long history of successful ventures in each of these sectors. www.onset.com

About NovAtel
NovAtel Inc. is a leading original equipment manufacturer (OEM) of precision Global Navigation Satellite System (GNSS) components and subsystems, including receivers, antennas, enclosures and firmware. An ISO certified company; NovAtel’s products are developed for efficient, rapid integration into our customers’ precise positioning applications. These applications include surveying, Geographical Information System (GIS) mapping, precision agriculture machine guidance, port automation, mining, marine and defense industries. NovAtel’s reference receivers are at the core of national aviation ground networks in the USA, Japan, Europe, China and India. The Company maintains its leadership position through significant R&D investment focusing on the modernized Global Positioning System (GPS), the revitalized Russian GLONASS and the emerging European Galileo satellite systems, as well as the integration of additional complementary technologies such as Inertial Measurement Units (IMU!
s). NovAtel Inc. is based in Calgary, Canada and is part of the Hexagon Group, Sweden.
For more information please visit www.novatel.com

About Brilliant Telecommunications

Founded in 2004, Brilliant Telecommunications designs, develops and distributes a family of network timing, management and synchronization solutions, including carrier-class network time protocol (NTP) and precision time protocol (PTP) servers, Primary Reference Sources (PRS), and Building Integrated Timing Supplies (BITS). These highly accurate end-to-end timing network solutions deliver Service Level Agreement (SLA) monitoring and management capabilities, in addition to providing timing and synchronization to the most time-sensitive applications in legacy and next-generation IP networks.

For more information please visit www.BrilliantTelecom.com

###

Media Contact Information

Lloyd Green
Brilliant Telecommunications
Lloyd {at} BrilliantTelecom(.)com
T: 408-866-1896 x 241

Joanna Laznicka
Phaze-9 Corporation
joanna {at} phaze-9(.)com
T:408-448-3113





TechWhack on Facebook

Comments are closed.

Related Posts

Popular Posts

blank