News: Portfolio 2006

Tollgrade Communications Invests in BPL Global

Smart Grid Attracts Test & Measurement Supplier for Developing Technology to Bring More Reliable Delivery of Electricity and Broadband Over Power Lines

 

November 8, 2006: - PITTSBURGH, Pa., BPL Global™, Ltd., an international leader in "Smart Grid" technologies and broadband services over power lines (BPL), announced today that Tollgrade Communications, Inc. (Nasdaq: TLGD) has joined in the Series C investment round for BPL Global. This investment is part of the Series C funding BPL Global announced in late September, totaling $25M and led by a consortium of Kuwaiti-based companies including Al-Deera Holding (KSE: ALDEERA), International Financial Advisors (KSE: IFA), Kuwait Holding Company, and International Finance Company (KSE: IFC). A minor investor in the round, Tollgrade Communications is a leading supplier of network service assurance products for the global cable and telecom industries.