Dave Vucina, Wayport's CEO, said the money will "supercharge" its sales and expand its reach. The company's services are available in 450 hotels and nine airports. In December 2000, the Austin-based company raised $70 million.
The investors were Invesco Private Capital, Sevin Rosen Funds, New Enterprise Associates, Bank of America Venture Partners, Lucent Venture Partners, Trellis Partners, GC Technology Fund, Sanders Morris Harris and Star Ventures.
In a press release, the company says despite turbulence its industry, that billed connections, which are payment for Wayport service for unlimited use in 24 hours from one location, increased from 14,000 in January 2001 to 60,000 in January 2002. The company aims its services at business travelers and offers one-time use as well as memberships for individuals and companies.
© Touchpoint Markets, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to asset-and-logo-licensing@alm.com. For more inforrmation visit Asset & Logo Licensing.
