BayPackets Secures $21.7 Million for its OSS and Service Introduction Platforms

BayPackets, a start-up based in Fremont, California, raised $21.7 million in new funding for its voice and data solutions for wireless, wireline and cable operators. BayPackets' Rapid Service Introduction (RSI) software helps carriers deploy revenue-generating applications in circuit-switched and packet-based networks. Pre-packaged applications include Voice VPN, Advanced Toll Free, Unified Communications, Voicemail, Single Number Service and Internet Call Manager. Investcorp and TL Ventures co-led the round, which also included funding by new investor Intel Capital, and previous investors Blueprint Ventures, Diamondhead Ventures, INC3 Ventures, Lucent Venture Partners and TeleSoft Partners. BayPackets has raised $43.7 million to date.
http://www.baypackets.com