Wednesday, November 7, 2007

Iptivia Raises Funding for IPTV Service Assurance

Iptivia, a start-up based in NYC, completed a Series A financing round for development of its real-time service assurance platform for IP networks that carry high-bandwidth multimedia applications. Iptivia has core intellectual property that provides the real-time diagnosis, remediation, and monitoring required to deliver mission-critical services over large IP networks. The company was founded in early 2005.

The funding was led by Paladin Capital Group with participation from OmniCapital Group and additional investments from the founding team.

The company further announced the election of Philip Eliot (representing Paladin), Gerald Butters (representing Omni) and Jack Hembrough (independent) to its Board of Directors. Gerry Butters is a communications industry veteran whose career encompasses senior executive positions at Nortel Networks, AT&T, and Lucent Technologies.

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