General Catalyst Partners and Alta Communications provide equity funding
for build-out of Highwinds' RollingThunder network
WINTER PARK, Fla., March 11 /PRNewswire/ -- Highwinds Network Group,
Inc., a multi-platform IP services and content distribution provider, today
announced it has closed a $55 million round of equity financing led by
General Catalyst Partners and Alta Communications. The financing will fund
the infrastructure build-out of Highwinds' RollingThunder(TM) network,
including a content delivery network offering.
Highwinds' RollingThunder network was unveiled today in conjunction
with an announcement of a partnership between Highwinds, Digital Rapids
Corporation and Knack Networks to create advanced IPTV solutions for the
vast market of professional media companies worldwide.
"Having attracted top-tier investors, we can accelerate our ability to
meet the rapidly growing demand for innovation in the market for IP
services and delivery of rich media content," said Steve Miller, Highwinds'
President and Chief Executive Officer. "We are well-capitalized to bring an
unparalleled infrastructure solution to market for service providers,
corporations, content owners and other organizations implementing IP
services, content delivery and other strategies to increase revenue and
profitability, improve customer relations, enhance competitive position,
expand market share and achieve other key business goals."
"Highwinds has already proven its mettle -- with a years-long track
record of success marked by solid revenue growth and profitability," said
Neil Sequeira, a Partner at General Catalyst Partners. "We are excited to
provide the capital infusion that will enable them to advance to the next
level with their content delivery solutions and other RollingThunder
network-based services.
"In my years of focusing on all sectors of media, it's clear that
Highwinds has fielded an outstanding executive management team -- one with
the knowledge, experience and vision to be a market leader," said Andrew
Mulderry, General Partner at Alta Communications. "We have invested in a
portfolio of best-in-class new media companies, and Highwinds fits superbly
into that ecosystem as a supplier and partner to our other investments."
About Highwinds Network Group, Inc.
Highwinds has been a leader in the development of content replication
and delivery software and services since 2002. This experience has led to a
number of technology innovations in network management, distributed file
system technology and advanced content routing methods. The Highwinds CDN
leverages best-in-class hardware and software to quickly and successfully
move content at a global level. The company's high-performance
RollingThunder(TM) network and user-friendly StrikeTracker(TM) content
management and reporting dashboard enable clients to deploy and manage
content, file downloads and streaming media. Highwinds is headquartered in
Winter Park, Fla., and maintains data centers in thirteen North American
and European cities. For more information, visit http://www.highwinds.com.
About General Catalyst Partners
General Catalyst Partners is a venture capital firm that invests in
exceptional entrepreneurs who are building the technology-based companies
that will lead innovation and transform industries. Founded in 2000,
General Catalyst Partners leverages its principals' extensive operational,
business development and technological expertise to provide portfolio
companies with a catalyst for success through business-building and
partnership development assistance. General Catalyst is headquartered in
Cambridge, Mass. For more information on General Catalyst Partners, please
visit http://www.generalcatalyst.com.
About Alta Communications
Alta Communications is a Boston-based private equity firm specializing
in equity investments in media and communications companies. Through a
series of Alta limited partnerships, as well as at Alta's predecessor firm,
Burr, Egan, Deleage & Co., the investment professionals at Alta have been
one of the most successful investment teams in the media and communications
industries over the last 25 years. Alta has a very successful track record
and has been extremely active since its founding, having invested in over
100 media and telecommunications companies. The firm manages private equity
funds representing $1.5 billion in committed capital and its investors
include some of the world's most prominent university endowments and
pension funds. For more information on Alta Communications, please visit
http://www.altacomm.com.
RollingThunder and StrikeTracker are trademarks of Highwinds Network
Group, Inc.
SOURCE Highwinds Network Group, Inc.
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Related links:
http://www.highwinds.com
http://www.generalcatalyst.com http://www.altacomm.com
CONTACT:
Wynne Ahern, +1-510-658-8870, Office
+1-510-206-2161, wynne@commstrat.net
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