Our investors have reaffirmed their belief in our business model and did so during a difficult capital market. There are no multiple vendors to manage, no extra equipment to buy, no waiting for additional bandwidth. The target market is Fortune 250 firms. Additionally, the backing has helped privately held GiantLoop open offices in Chicago, Dallas, New York and San Francisco and London while hiring hundreds of engineers and sales people and leasing fiber-optic lines. This funding will provide the necessary capital for GiantLoop to become a major force.
Investors also like the company's management team.
Others top-level employees came from Comdisco, Andover.net and Cabletron Systems. The v.c. deal is one of the largest in the fiber-opic business. Copyright 2001 INT Media Group, Incorporated All Rights Reserved.