Xconomy San Diego

XCast Labs, Inc Obtains $2,700,000 Series A Funding Round

Feed Type
Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=228eb82b-39b1-45b0-b191-0869e722e6b4&Preview=1
Date
6/4/2009
Company Name
XCast Labs, Inc
Mailing Address
1999 Avenue of the Stars Los Angeles, CA 90067
Company Description
XCast Labs is an advanced SaaS (Software as a Service) provider that has developed a comprehensive suite of software and hardware solutions that enable Cable MSOs / PCOs, CLECs, RLECs, ISPs, MDUs, Resellers and marketing companies to offer integrated IP-based services to their end-users.We offer these services through our Digital Voice and Video (DV&V) platform, a fully hosted, IP-based integrated solution that delivers Class 5 switching with MIR (Most Intelligent Routing), Video Telephony, IP-PBX, SIP Trunking and other advanced IP applications.
Website
http://www.xcastlabs.com/
Transaction Type
Venture Equity
Transaction Amount
$2,700,000
Transaction Round
Series A
Proceeds Purposes
Proceeds purposes were not disclosed.
M&A Terms
Venture Investor
Siemer and Associates, LLC
Venture Investor
Frontera Group, LLC