Apr 28, 2015

ONE Receives $1.5 Million to Develop Convergence Management System For Next-generation... -- re> ANN ARBOR, Mich., May 23 /PRNewswire/ -- ONE Receives $1.5 Million to Develop Convergence Management System For Next-generation Networks ANN ARBOR, Mich., May 23 /PRNewswire/ -- ONE announced today that it received $1.5 million in first-round funding from North Coast Technology Investors, LP, to develop ONEPath(TM), a convergence management system. Scheduled for release at SUPERCOMM in June, ONEPath(TM) allows CLECs, ILECs, MSOs, and other service providers to seamlessly integrate management systems and applications of their next-generation networks. In addition to the initial investment, Lindsay Aspegren of North Coast will join ONE's board of directors. ONE -- formerly a wholly owned subsidiary of NEC Eluminant Technologies, Inc. (eLUMINANT) -- is a leading supplier of telecommunications management software tools and solutions for companies such as ADC, AT&T, Ciena, Nortel, Newbridge, Telcordia and NEC. eLUMINANT remains an equity investor in ONE, as well as a customer. ONE expects to secure subsequent funding this summer. "This investment positions ONE to systematically reduce the chaos and lead a mainstream revolution in bringing increased value to service providers' operation support systems (OSSs)," said Bill Kaufman, ONE president. "The existing OSS framework is not designed to support the convergence of new services like VoIP or xDSL and integrate them with existing networks. ONEPath(TM), a CORBA-based, distributed processing platform allows you to cut through layers of management and enables process-driven service fulfillment, service assurance, billing, and customer care applications. " "Management applications developed on, ported to, or even communicating with ONEPath(TM) servers can share network-centric or device specific data regardless of the management protocol or underlying technology," said Gerry Sawchuk, ONE vice president of marketing. "ONEPath(TM) allows applications to be distributed across multiple systems so that applications can scale with the network, while maintaining consistent web-based interfaces for users. ONEPath(TM) is a cohesive platform that provides a diverse set of convergence management services. " About ONE ONE (Open Networks Engineering) is a leading provider of convergence management solutions for telecommunications equipment manufacturers and service providers. Software solutions include protocol and mediation products, IP-based management solutions, and custom gateway applications. ONE also offers services for development, integration, support, consulting, and training to assist in making convergence management a reality for its customers. For more information about ONE, please visit http://www.one.com . About North Coast Technology Investors, LP North Coast Technology Investors, LP, is a $75 million, early stage venture capital fund that invests in technology-driven companies throughout the Midwest with outstanding growth prospects. The goal of the fund is to back entrepreneurs who seek to build major enterprises in Indiana, Michigan, and Ohio. For more information about North Coast, please visit http://www.northcoastvc.com . About NEC Eluminant Technologies, Inc. Headquarted in Herdon, VA, NEC Eluminant Technologies, Inc., has 150 employees and a research and development center based in Portland, OR. The company's mission is to "light the loop" by removing broadband access bottlenecks using fiber optic technologies. NEC is a leader in the research and development of products based on passive optical networking, the technology that is enabling fiber-to-the-business, as well as to the curb and to the home. SOURCE Open Networks Engineering