Oct 16, 2001 : Xertel Receives First Round Funding

📅 October 16, 2001 - Xertel (xertel.ie) has announced yesterday that it has received first round funding to the tune of Stg £300,000 from a privateinvestor. This funding will be used to bring its flagship product, Voyager,to market in the Republic of Ireland and the UK.

Xertel, founded a year ago by Adrian Wooster, is a telecommunicationsenhancement and management company. Voyager, developed in-house, allowscompanies to manage one of the most difficult and low level technologies,bandwidth. Voyager allows for dynamic allocation of bandwidth from a singlesource to multiple sources. It provides two-way information, allowing coststo be driven back up through the organisation as well.
Early customers of this technology are hotels, conference centres andmanaged services organisations. These businesses are required to providebandwidth for their customers but traditionally the partition,implementation and invoicing of this service have not been possible.
Wooster, whose most recent background in network management for computergiant Amdahl, found that companies were unable to evaluate costs fortelecommunications networks. Business managers did not have the tools toquantify costs and engineers were not required to provide cost-benefitanalysis.
"Bandwidth is a commodity," explains Wooster. "Just because it comes at theend of the technology chain does not mean that it cannot be measured, pricedand monitored. We have created a value chain from the commodity to thefinal service received by customers."
Currently, Xertel has two major companies in the final stages of becomingcustomers. It expects to be able to name these customers this quarter.