Exinda Networks Secures US$6 Million of Venture Capital Funding for US Market Development

Tuesday, 17 April 2007 05:08

April 17, 2007? Melbourne ? Exinda Networks, the leading provider of Unified Performance Management (UPM) solutions, today announced the completion of US$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 UPM 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 optimisation, application acceleration, 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.”

About Exinda Networks
Exinda Networks is a global supplier of Unified Performance Management that integrates WAN optimisation, 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, visit www.exinda.com.

About OpenView Venture Partners
OpenView Venture Partners is an expansion stage venture capital fund with a focus on high-growth software, Internet and technology-enabled companies. Through its staff of seasoned operating executives, who collectively bring several decades of technology and management experience to the firm, OpenView is able to help portfolio companies with quickly ramping up sales, marketing and product development functions to best practice levels.  The firm was founded in 2006 by Scott Maxwell with an inaugural fund encompassing US$100 million in committed capital.  OpenView Venture Partners is based in Boston and invests on a worldwide basis.  

ENDS