IP Contact Center Vendor Raises $40M in Financing
September 19, 2000

CosmoCom, a provider of Internet protocol (IP) contact center technology based in Melville, New York, has closed a round of $40 million in additional private equity financing. First-time investors include the Intel Communications Fund; Marconi Ventures, the corporate venture fund of Marconi plc; and Technology Crossover Ventures, with most of CosmoCom's previous investors completing the round.

CosmoCom reported that this round of funding will help enable the company to position its technology and market leadership in next generation, pure IP contact center platforms through continued rapid growth in its own development, sales and marketing resources, and through potential acquisitions of related technology and established market presence.