Wednesday, April 30, 2014

Edgewater Raises $5 Million to Expand Portfolio

Edgewater Networks, which supplies Enterprise Session Border Controllers, secured $5 million in debt financing to develop new products that leverage SDN and NFV.


Edgewater said it now has more than 240,000 Edgewater Enterprise Session Border Controllers (ESBCs) currently deployed by leading service providers and integrators, including one of the two largest U.S. carriers and three of the top five U.S. cable operators.

“We believe that SDN and NFV are driving significant transformation in service provider networks and opening new avenues for service delivery,” said Dave Norman, CEO of Edgewater Networks. “We are excited about the expansion of our product portfolio and how it will help our customers to easily deliver a new class of profitable business services.”

The new funding was secured from Eastward Capital and brings the total debt and equity funding raised by Edgewater Networks to date to $36 million.

http://www.edgewaternetworks.com

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