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Atlanta’s AllConnect closes $15 million round

April 27th, 2007

ATLANTA, GA—AllConnect, which helps consumers select home services such as cable, satellite and broadband, has closed a $15 million funding round.

AllConnect Chairman and CEO Mark Miller said, “This growth capital, provided by our longtime partners Covestco and Nth Power, represents a significant investment in our future and service expansion strategy.

“We’ve built a unique service and helped over 15 million consumers compare and connect their essential household services. Our new online capabilities will make this process even simpler by expanding our ability to provide consumers with a one stop shopping experience and setting a new standard for choice and convenience.”

Scheduled to be released later this year, Allconnect’s new transactional website will complement its existing contact center capabilities by allowing consumers to better research and select essential services like cable, satellite and broadband across a wide range of suppliers and plans.

Founded in 1998 to help people during their move, the company establishes a number of residential services for consumers including power, telephone, cable television, Internet, newspaper, and lawn care all at no cost to consumers. The company partners with more than 30 power companies and hundreds of service providers across the U.S. and employs more than 500 associates.

Allconnect won the Verizon Supplier Excellence Award, was named for the second time one of Inc. Magazine’s 500 fastest growing private companies, and was named one of Atlanta’s 50 fastest-growing privately-held companies by the Atlanta Business Chronicle.

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