Straitshot Communications, a start-up WAN provider based in Seattle, closed $5 million dollars in a private placement for a connectivity service that is promoted as an economical replacement for Frame Relay and MPLS. The Straitshot network uses a Layer 2 architecture that aggregates the access networks of leading national and regional providers. The network delivers private WAN connectivity with QoS. Straitshot physically aggregates these access networks at regional co-located facilities (POPs). It connects all of its regional aggregation POPs through a private backbone.
The new funding was led by Brookstreet Securities Corporation.
http://www.straitshot.com/
- Straighshot is headed by Robert Hogan, who previously was President and co-founder of TeleAmerica, which was later part of a sale to Pacific Bell; and co-founder of TCI, a telecom equipment company which was sold to Inter-tel.
