Wednesday, February 13, 2008

Accedian Networks Raises C$7.5 Million for Packet Performance Assurance

Accedian Networks, a start-up based in Montreal, raised $CAD 7.5 million in second round venture funding for its "Packet Performance Assurance" solutions for telecom, cable and wireless operators.

Accedian Networks' Ethernet Service Assurance Platform (ESAP) provides in-service monitoring, loopback testing, remote troubleshooting, service management and network demarcation for high-performance wireless backhaul, business services and carrier hand-off applications. Accedian also supplies a line of "EtherNID" packet assurance demarcation units. Service providers can use the system to provision, manage and maintain packet-based services over Ethernet, IP/MPLS and 3G, 4G/WiMAX networks.

The new venture funds were provided by RHO Canada Ventures in addition to follow-on investments from Skypoint Capital and Solidarity Fund QFL.