Exinda Raises $6M

Exinda Networks announced the completion of US Dollars $6 million in equity funding from OpenView Venture Partners

April 16, 2007

1 Min Read
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BOSTON -- Exinda Networks, the leading provider of Unified Performance Management (UPM) solutions, today announced the completion of US Dollars $6 million in equity funding from OpenView Venture Partners, a venture capital investment firm based in Boston. The funding is earmarked for expanding Exindas sales and marketing efforts and, in particular, for growing its U.S. operations. Exinda’s UPM solutions are used by enterprises worldwide to ensure optimal wide area network (WAN) and application performance and reduce network operating costs.

“We are delighted to add Exinda to our portfolio,” said Scott Maxwell, founding partner at OpenView Venture Partners. “Exinda is perfectly positioned to deliver the best-in-class solutions that meet the customers’ needs in this high growth market.”

Exinda’s UPM solutions integrate WAN optimization, application acceleration, application visibility and application response time measurement onto a single appliance that is complemented by a global management facility. Exinda’s customers include Honda, Alcatel-Lucent, Salvation Army and Leo Burnett. “Demand for our products is growing worldwide and particularly in the U.S. market,” said Con Nikolouzakis, chief executive officer at Exinda, Inc. “The funding will further assist us to execute on our vision of delivering the most innovative products to the marketplace. We will continue to create value for our customers by solving their application performance woes and reduce network complexity and costs.”

Exinda Networks

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