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04/18/2007

Exinda Networks Secures $6 Million of Venture Capital Funding

 

Exinda Networks, the leading provider of Unified Performance Management (UPM) solutions, recently announced the completion of $6 million in equity funding from OpenView Venture Partners, a venture capital investment firm based in Boston. The funding is earmarked for expanding Exinda's sales and marketing efforts and in particular for growing its U.S. operations. Exinda's Unified Performance Management solutions are used by enterprises worldwide to ensure optimal wide area network (WAN) and application performance and reduce network operating costs.

“We are delighted to add Exinda to our portfolio,” said Scott Maxwell, founding partner at OpenView Venture Partners. “Exinda is perfectly positioned to deliver the best-in-class solutions that meet the customers' needs in this high growth market.”

Exinda's UPM solutions integrate WAN optimization, application acceleration, and application visibility and application response time measurement onto a single appliance that is complemented by a global management facility. Exinda's customers include Honda, Alcatel-Lucent, Salvation Army and Leo Burnett.

“Demand for our products is growing worldwide and particularly in the U.S. market,” said Con Nikolouzakis, chief executive officer at Exinda, Inc. “The funding will further assist us to execute on our vision of delivering the most innovative products to the marketplace. We will continue to create value for our customers by solving their application performance woes and reduce network complexity and costs.”

Exinda Networks is a global supplier of Unified Performance Management that integrates WAN optimization, application acceleration, application visibility and application response time measurements for enterprise, government and service provider clients. Founded in 2002, Exinda's mission is to ensure optimal and consistent application performance over the WAN and reduce network operating costs. Exinda has more than 1,000 customers in more than 35 countries around the world. Exinda's 4700 appliance received ZDnet's Technology & Business magazine's 2005 Editor's Choice Award for ease of use and excellence in traffic monitoring and reporting. Exinda's award winning technology is available by contacting leading resellers or Exinda directly.

Exinda's research and development offices are located in Melbourne, Australia. Exinda's U.S. headquarters is located in Boston, Massachusetts. Additional corporate offices are located in Frankfurt, London and Kuala Lumpur.

For more information, please visit www.exinda.com