Brix Networks Tops off Recent Financing Round with Additional Funding from Telus Ventures.CHELMSFORD, Mass. -- -- $1.5 Million Investment To Further Accelerate Growing VoIP Management Company's Expansion Plans - Brix Networks (www.brixnet.com), the trusted provider of Voice over Internet Protocol See Internet and TCP/IP. (networking) Internet Protocol - (IP) The network layer for the TCP/IP protocol suite widely used on Ethernet networks, defined in STD 5, RFC 791. IP is a connectionless, best-effort packet switching protocol. (VoIP) performance management and service assurance solutions, today announced it has obtained $1.5 million in venture capital funding from a new investor, TELUS TELUS Telemetric Universal Sensor Ventures. TELUS Ventures is the corporate venture capital arm of TELUS Corporation, a long time Brix customer and one the leading telecommunications companies See telecom company. in Canada. With this investment, TELUS Ventures joins Castile Ventures, Charles River Charles River River, eastern Massachusetts, U.S. The longest river wholly in the state, it flows into Boston Bay after a course of about 80 mi (130 km). Navigable for about 7 mi (11 km), its estuary separates the cities of Boston and Cambridge. Ventures, ComVentures, Fidelity Ventures Fidelity Ventures is the venture capital arm of Fidelity Investments. Based in Boston and London, Fidelity Ventures invests in emerging technology companies in North America and Europe. , Partech International, and STAR Ventures as one of the backers of the growing VoIP management company. "We are impressed by Brix Networks' market leadership, range of solutions, customer list, and the strength of its management team," said Mathew George, vice president, portfolio management, TELUS Ventures. "The company's next-generation network management solutions are an excellent fit with our strategic mandate of investing in high-potential companies whose offerings complement or greatly enhance TELUS' own capabilities, allowing us to better serve our customers' ever-evolving needs." "As one of Canada's foremost telecom companies, TELUS leverages the benefits of innovative products like ours to deliver high-value, IP-based voice, video, and data services to their residential, business, and mobile customers," said Tom Pincince, 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 Brix Networks. TELUS Ventures' investment in Brix Networks tops off the company's most recent round of funding at $6.5 million, and will be used to further accelerate its sales, marketing, and product development initiatives. Brix has raised approximately $61.5 million in five rounds of financing since its inception in July 1999. Brix Networks' seamlessly integrated hardware and software products -- collectively called the Brix System -- are strategic and indispensable network management tools that proactively monitor VoIP quality. The Brix System features the unique Brix Tri-Q(TM) Analysis that provides total VoIP service testing across each of the three most important areas that impact users: signaling quality (call setup performance), delivery quality (media path network performance), and call quality (overall voice clarity and call experience). The Brix System improves the overall effectiveness of networks, and allows organizations to maximize their investment in -- and increase the value of -- all their business-critical IP services. About TELUS TELUS (TSX TSX Toronto Stock Exchange (TSE before April, 2002) TSX Transfer from Stack Pointer to Index TSX True Space Extension : T, T.NV; NYSE NYSE See: New York Stock Exchange : TU) is the largest telecommunications company in Western Canada
Western Canada, commonly referred to as the West and the second largest in the country, with $7.8 billion of annual revenue, 4.8 million network access lines, and four million wireless customers. The company provides customers with a full range of telecommunications products and services including data, voice, and wireless services across Canada Across Canada was an afternoon program that formerly aired on The Weather Network. The segment ran from early 1999 until mid 2002. The show ran from 3:00PM ET until 7:00 PM ET. , utilizing next-generation, Internet-based technologies Refers to the communications infrastructure of the Internet, which is based on the IP protocol. IP is part of the TCP/IP protocol suite. It may also refer to voice over IP (VoIP), which uses the Internet to make telephone calls. See VoIP, IP and TCP/IP. . For more information about TELUS, visit www.telus.com. TELUS Ventures is the strategic venture capital arm of TELUS, actively investing in start-up businesses and emerging technologies to accelerate TELUS' strategy of exploiting the convergence of data, voice, IP, and wireless. For more information, visit www.telus.com/ventures. About Brix Networks Brix Networks is the trusted provider of real-time performance management and service assurance solutions that allow carriers, service providers, cable companies, large enterprises, and government agencies to build, operate, and assure their VoIP networks and services. The Chelmsford, Mass., U.S.A.-based company's award-winning hardware and software products let network operators proactively manage the quality and reliability of their offerings. Additional information about Brix Networks can be found on the company's Web site at www.brixnet.com, and by calling 978-367-5600, or 1-888-BRIXNET. Brix Networks, Brix, Brixnet, the Brix Networks logo, and Brix Tri-Q are trademarks of Brix Networks, Inc. All other company or product names mentioned may be trademarks of their respective holders. |
|
||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion