Thursday, August 14, 2008

Ipanema Raises $7 Million for App Traffic Management Systems

Ipanema Technologies, which specializes in application traffic management systems for wide area networks, raised $7 million in new financing to expand its global geographic coverage and grow its R&D staffing.

Ipanema's WAN optimization system is designed for large companies with complex networks. The software based solution provides visibility of application flows over the network. This intelligence enables dynamic optimization of WAN resources, including optimization of IP/MPLS services. The optimization is transparent to the application. Furthermore, Ipanema enables Application SLAs and tools to enforce the framework. Ipanema, which is based in France, has partnerships with BT, France Telecom/Orange Business Services, C&W, Tata Communications and Swisscom.

The company said that for the last three years it has enjoyed 60% annual growth. To continue momentum and speed up this growth rate, Ipanema Technologies has secured these additional funds from London-based Noble Venture.