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September 25, 2006
VCs Load Up On Swedish Networking Software
VCs can't seem to get enough of Swedish software companies churning out broadband network management code. Three deals have been announced in the last week, the latest being bandwidth management specialist Operax, which raised $15 million in its third round of funding, according to LightReading.
The other two are Telepo, developer of a mobility-enabling software platform targeted at businesses, and NetAdmin, which offers Internet Service Providers and network operators software to manage the devices and components in their networks regardless of the hardware manufacturer.
Operax software is hot because it offers a standards-based way to prioritze gaming and video traffic within an IP network, say the trade pub's editors.
The six year old company is headed up by Anders Lindén (CEO) and Olov Schelén (CFO and co-founder)
Read - Operax Scores $15M (LightReading)
Read - Telepo Funding By Accel (alarm:clock euro)
Read - NetAdmin Net Management Neutraliy Backed By Eqvitec (alarm:clock euro)
Posted on September 25, 2006 08:29 AM | Posted to Broadband Networks | News And Updates | Venture Capital | VoIP | Permalink
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