Accedian Networks, a Montreal, Canada-based provider of High Performance Service Assurance solutions for Carrier Ethernet and IP networks—announces has secured $19.5m in a financing round led by Summit Partners. Rho Ventures and Skypoint Capital, existing investors in the company, participated in the round as well.
The funds raised will primarily be used to accelerate Accedian’s commercial efforts and support its global expansion.
Accedian is currently investing to grow its global sales force, as well as its product development, marketing, and administrative support organizations.
These additions will support the company’s rapidly growing customer base of international telecommunications service providers, multi–system cable operators (MSOs) and mobile operators throughout the U.S., Europe, Africa, Latin America, and Asia Pacific.
Accedian Networks operates regional offices in the U.S., Europe and Asia.
In conjunction with the funding, Tom Jennings, a Managing Director at Summit Partners, has joined the company’s board of directors.
FinSMEs
03/08/2010