Accedian NetworksTM Completes $7.5 Million in Series B Financing.RHO Rho The rate at which the price of a derivative changes relative to a change in the risk-free rate of interest. Rho measures the sensitivity of an option or options portfolio to a change in interest rate. Canada Ventures joins current investors Skypoint Capital and Solidarity Fund QFL QFL Quebec Federation of Labour (Canada) QFL Queensland Football League QFL Quoted for Lies (internet slang) QFL Qualified Products List in follow-on round. MONTREAL -- Accedian Networks(TM), a leading provider of Packet Performance Assurance(TM) solutions for telecom, cable and wireless operators, announced today it has raised $CAD 7.5 million in its second round of venture capital financing To start an own company or to bring a new product to the market, the venture may need to attract financial funding. There are several categories of financing possibilities. If it is a small venture, then perhaps the venture can rely on family funding, loans from friends . Funds were provided by RHO Canada Ventures in addition to follow-on investments from Skypoint Capital and Solidarity Fund QFL. The new financing builds on Accedian Networks' continued success, driven by innovative, market-leading service assurance solutions that help service providers provision, manage and maintain leading-edge packet-based services over Ethernet, IP/MPLS IP/MPLS Internet Protocol/Multi-Protocol Label Switching and 3G, 4G/WiMAX networks. The latest funding will fuel continued product development, and to expand sales, marketing, operations and customer service capacities in response to significant global demand. Developed and launched over the last three years, Accedian Networks' Ethernet Service Assurance Platform (ESAP ESAP Escola Superior ArtÃstica do Porto (Portugese: Artistic School of the Port) ESAP Economic Structural Adjustment Program ESAP Electronic Single Assessment Process (UK health) (TM)) and EtherNID(TM) demarcation units are now deployed by service providers worldwide to establish and monitor premium-grade wireless backhaul, business access and multi-carrier network services. The products' unique in-service testing and monitoring capabilities reduce operational and capital expenditures, and enable end-to-end Service Level Agreements (SLAs) and standards-based Operations, Administrative and Maintenance (OAM (Operations Administration Maintenance) Refers to managing and maintaining a network or network device. The P in "OAM&P" adds "provisioning" to the list, which is a telephone company term for setting up a service. ) capabilities over any network. Complementing the financing, Antoine Paquin, a Partner at RHO Canada Ventures has been recently elected to Accedian Networks' board of directors. "Funding Accedian Networks is a strategic investment in a company with exceptional performance, a focused and talented management team, and a proven product line that has established them as a key player in the rapidly growing Ethernet services and high-speed wireless communications wireless communications System using radio-frequency, infrared, microwave, or other types of electromagnetic or acoustic waves in place of wires, cables, or fibre optics to transmit signals or data. market. Together, these factors form a compelling market opportunity for RHO Canada Ventures," explained Mr. Paquin. "With this renewed financing, our investment partners have reinforced their support for our company, and our distinctive product strategy and vision," said Patrick Ostiguy, founding President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Accedian Networks. "Our solutions' industry-unique functionality, including the multi-vendor SLA-Meter(TM) and in-service performance testing Performance Testing covers a broad range of engineering or functional evaluations where a material, product, or system is not specified by detailed material or component specifications: Rather, emphasis is on the final measurable performance characteristics. have enabled and accelerated revenue generating services for our customers. With this latest funding in place, we will continue to strengthen our position as a leading vendor and innovator of packet performance assurance solutions." Accedian Networks will be demonstrating their product line at the upcoming Comptel Spring Convention & Expo, February 24-27, in Nashville, TN. Patrick Ostiguy is an invited speaker at the upcoming Light Reading Wireless Backhaul Strategies Conference in Atlanta, GA. About Accedian Networks Accedian Networks is a leading provider of Packet Performance Assurance(TM) solutions that enable wireless operators, service providers and cable MSOs to deliver carrier-grade, packet-based applications including VoIP, IPTV (Internet Protocol TV) Also called "TV over IP," IPTV delivers scheduled TV programs and video-on-demand (VOD) via the IP protocol and digital streaming techniques used to watch video on the Internet. , video-conferencing and transparent LAN services A service from a carrier that links remote Ethernets together. It is called "transparent" because the connected Ethernets are viewed as one Ethernet by the customer, regardless of the technology employed by the carrier in between. over Ethernet, IP/MPLS, and wireless 3G / 4G / WiMAX networks. Accedian Networks' Ethernet Service Assurance Platform (ESAP(TM)) provides in-service monitoring, loopback testing, remote troubleshooting, service management and network demarcation for high-performance wireless backhaul, business services and carrier hand-off applications. EtherNID(TM) packet assurance demarcation units allow providers to regain control of their services by establishing end-to-end, standards-based operations, administration and maintenance (OAM) over converged multi-technology and multi-provider networks, while enabling value-added services backed by assured Service Level Agreements (SLAs). Accedian Networks is a privately held company privately held company A firm whose shares are held within a relatively small circle of owners and are not traded publicly. headquartered in Montreal, Canada. For additional information, please visit: www.Accedian.com, or call 1-866-685-8181 or +1 (514) 331-6181. Trademarks Accedian, EtherNID, MetroNID, SLA-meter, Performance Assurance Agent, PAA, Multi-SLA, "Packet Performance Assurance", "Delivering Service Performance with Assurance" and "Map-out the Health of your Network" are trademarks of Accedian Networks Inc. All other trademarks quoted are property of their respective owners. |
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