Taqua, a start-up based in Richardson, Texas, secured over $20 million in new funding to support its next generation Class 5 switching system. Taqua’s flagship OCX incorporates softswitch, signaling and media gateway functionality on a single-card design. Taqua said it secured more than 40 customers during 2002. The new funding brings total financing to date to over $140 million. The latest round was led by RRE Ventures, and also includes investments by Investcorp and Point Judith Capital Partners, as well as all of Taqua’s existing investors: Bessemer Venture Partners, Columbia Capital and Court Square Ventures. In addition, Taqua also announced that Rich McGinn, a general partner at RRE Ventures, and former chairman and CEO, Lucent Technologies, and Alex Guira, partner, Investcorp, have joined its Board of Directors.
http://www.taqua.com
- In June 2002, Taqua named Charles Vogt as its new president and CEO. Vogt previously served as vice president of worldwide sales for Santera Systems. Prior to Santera, Vogt was vice president of worldwide sales and customer service at Accelerated Networks.