Wednesday, May 18, 2005

Sandvine Secures $15 million for Broadband Traffic Management

Sandvine, a start-up based in Waterloo, Ontario, secured US$15 million in venture capital financing for its application and subscriber-aware broadband management solutions. Sandvine's platforms help service providers better understand subscriber behavior, recognize and address network threats, classify applications, guarantee service levels and create profitable tiers for multiple broadband services - without a forklift upgrade to current infrastructure. The company claims deployments in over 100 ISP networks in Europe, the Middle East, Latin America, Asia, and North America, including six of the top 12 broadband service providers.

The new funding was led by Newbury Ventures and included existing investors, BDC Private Equity Partners, Celtic House Venture Partners, Tech Capital Partners, and VenGrowth Capital Partners.

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