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September 21, 2006
Vendor-Neutral Broadband Management Gets Cash To Expand
Nordic venture capital firm, Eqvitec has invested $6M (SEK 44 million) in Netadmin, a Swedish developer of broadband networking management software. The new capital in what looks like a first round is meant to finance the Linkopig-based startup's international expansion.
Founded in 2004, Netadmin is commercializing software originally developed in-house by Wasadata System AB, a Swedish ISP. It claims some 40 installations at operators and city networks running in Sweden and Denmark, with GothNet and TeliaSonera being some of its early customers.
The company's new backer said Netadmin's advantage over competing appolications is that it is equipment-vendor-neutral. It claims compatibility with Cisco, HP, D-Link, AlliedTelesyn, Nortel, and Alcatel gear.
It enables operators to manage, supervise, handle billing data, and make changes to the network, but also to configure components down to the end-user's gear, typically set-top boxes and home gateways.
Read - EQVITEC PARTNERS: Eqvitec Technology Fund III invests SEK 44 million in Netadmin
(press release)
Posted on September 21, 2006 07:06 AM | Posted to Broadband Services | News And Updates | Venture Capital | Permalink
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