|
|
|
Cybergnostic.net Raises $2.7 million
CII leads second-round investment in network-services startup
|
Business New Haven
1/8/2001
By: BNH
|
Trumbull-based Cybergnostic.net, a managed network services provider, announced December 22 that it had secured a total of $2.7 million of financing, including second-round venture capital led by Connecticut Innovations Inc. (CII), the state's high-technology investment arm, and Trident Venture LP of New Canaan, as well as lease financing led by Nortel Networks and Cisco Systems.
Said CII President and Executive Director Victor Budnick, “Cybergnostic provides enterprise-class networking capabilities to middle-market companies, a critical and unique service in today's networked world.”
“Cybergnostic is a nicely scalable business that has a proven record of attractive revenue streams,” added Robert Blabey, managing director of Trident Venture LP.
Cybergnostic CEO Brad Miller explained the significance of the new investment. “This funding allows for the future growth of the company, enabling us to add to our core technologies and provide an unparalleled level of service to our growing customer base,” he said.
Last year Cybergnostic.net moved from Fairfield to a 20,000-square-foot facility at 22 Cambridge Drive in Trumbull. The new location houses all of the company's network operations, security management and executive offices.
Founded in 1998, Cybergnostic.net is a privately held company that seeks to provide mid-sized companies with cost-predicable networking services. The firm defines its niche by offering its network services to specific industries such as banking, building supply and automotive dealers.
Cybergnostic.net has 20 employees and services some 2,000 users in the U.S., England, Canada and the Caribbean.
|
Go FirstGo PreviousGo
NextGo LastGo
to Index
|
|
