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Trillion Digital Communications announces a $6 million 2nd round investment from Housatonic Partners and existing investors.
Stamford, Connecticut - December 12, 2003 - Terry Johnson, CEO of Trillion Digital Communications announced a recent six million dollar ($6,000,000) 2nd round investment from Housatonic Partners and existing investors. Mr. Johnson said, "We appreciate the faith and support shown by Housatonic and our investors in the future of our company. Their support has enabled us to offer our services across the southeast and will fuel the expansion of our wireless networks."
Trillion Digital Communications, Inc. based in Birmingham Al. was founded in 1997 with the specific goal of deploying Internet access via wireless broadband wide area networks to rural K-12 educational institutions. The company now serves commercial, government and educational markets in Alabama, Florida, Georgia, Mississippi, Louisiana, South Carolina, and Tennessee with over 2,000 miles of wireless WANs. In late 2002 Trillion launched a sister company, Trillion Partners, based in Austin, Texas, to deliver wireless services to 12 states in the western United States. In addition to Internet and wireless WAN services, Trillion's offerings includes voice and video solutions over network, portal, content filtering, and a host of other integrated services.
Founded in 1994, Housatonic Partners is a private equity firm with offices in San Francisco and Boston. Karen E. Liesching, a Principal of Housatonic partners said "Trillion has an impressive management team and business model. Housatonic
is very pleased to become a part of the Company's quest to provide advanced communications services in its markets." Housatonic Partners seeks to invest in and build companies in cooperation with experienced and entrepreneurial managers. In partnership with management, the firm makes investments in the business services, media and communications industries. Target companies exhibit strong recurring revenues and long-term internal revenue growth potential.
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