Tuesday, July 19, 2011

Nakina Systems Raises Funding for Network Integrity

Nakina Systems, which specializes in carrier grade management and network integrity solutions, has closed a new financing round led by Vengrowth Asset Management and VIMAC Ventures LLC. Terms of the round were not disclosed.

The company said four of North America's five largest service providers are using its network integrity solution.

"This funding event is a great vote of confidence from our investor base regarding the company's strategy to establish and dominate the emerging Network Integrity segment of the operations support system market," said Jay Borden, Nakina CEO. "We have delivered ten consecutive quarters of year-on-year bookings growth. In this environment, that's not easy. The acceleration of our order volume, the new accounts that we have added, and the new channels that are representing Nakina around the globe all testify that the company is on solid footing and on the path to sustainable growth and profitability."http://www.nakinasystems.com

  • In May 2010, Nakina Systems, announced a global partnership agreement with Nokia Siemens Networks. Specifically, the Nakina Network Integrity product suite has been added to the Identity and Access Management offering of Nokia Siemens Networks to provide additional functionality that includes secure access, single sign on and security configuration audits. Both companies will support with these joint solutions their worldwide carrier customers.