Coreon nabs $73 million in funding

Coreon, a so-called OSP (operations service provider), received $73 million in equity and debt financing after closing a Series C round of funding Monday. Bowman Capital, Kleiner Perkins Caufield & Byers, Telesoft Partners, KMF Partners, Comdisco, Western Technology, Imperial Ventures, Sands Brothers and Cabletron invested in Coreon during the round. The company, led by Chairman Bob Annunziata, formerly of Global Crossing, offers managed back-end services for broadband carriers, including design and customization of network operations centers, billing and order systems, among other offerings.