openPR Logo
Press release

Accedian Networks(TM) Completes $7.5 Million in Series B Financing

02-13-2008 03:40 PM CET | Media & Telecommunications

Press release from: Accedian Networks Inc.

Company Logo

Company Logo

Montreal, Canada, February 14, 2008 – Accedian NetworksTM, a leading provider of Packet Performance AssuranceTM solutions for telecom, cable and wireless operators, announced today it has raised $CAD 7.5 million in its second round of venture capital financing. Funds were provided by RHO Canada Ventures in addition to follow-on investments from Skypoint Capital and Solidarity Fund QFL.

The new financing builds on Accedian Networks’ continued success, driven by innovative, market-leading service assurance solutions that help service providers provision, manage and maintain leading-edge packet-based services over Ethernet, IP/MPLS and 3G, 4G/WiMAX networks. The latest funding will fuel continued product development, and to expand sales, marketing, operations and customer service capacities in response to significant global demand.

Developed and launched over the last three years, Accedian Networks’ Ethernet Service Assurance Platform (ESAPTM) and EtherNIDTM demarcation units are now deployed by service providers worldwide to establish and monitor premium-grade wireless backhaul, business access and multi-carrier network services. The products’ unique in-service testing and monitoring capabilities reduce operational and capital expenditures, and enable end-to-end Service Level Agreements (SLAs) and standards-based Operations, Administrative and Maintenance (OAM) capabilities over any network.

Complementing the financing, Antoine Paquin, a Partner at RHO Canada Ventures has been recently elected to Accedian Networks’ board of directors. “Funding Accedian Networks is a strategic investment in a company with exceptional performance, a focused and talented management team, and a proven product line that has established them as a key player in the rapidly growing Ethernet services and high-speed wireless communications market. Together, these factors form a compelling market opportunity for RHO Canada Ventures,” explained Mr. Paquin.

“With this renewed financing, our investment partners have reinforced their support for our company, and our distinctive product strategy and vision,” said Patrick Ostiguy, founding President and CEO of Accedian Networks. “Our solutions’ industry-unique functionality, including the multi-vendor SLA-MeterTM and in-service performance testing have enabled and accelerated revenue generating services for our customers. With this latest funding in place, we will continue to strengthen our position as a leading vendor and innovator of packet performance assurance solutions.”

Accedian Networks will be demonstrating their product line at the upcoming Comptel Spring Convention & Expo, February 24-27, in Nashville, TN. Patrick Ostiguy is an invited speaker at the upcoming Light Reading Wireless Backhaul Strategies Conference in Atlanta, GA.


Accedian, EtherNID, MetroNID, SLA-meter, Performance Assurance Agent, PAA, Multi-SLA, “Packet Performance Assurance”, “Delivering Service Performance with Assurance” and “Map-out the Health of your Network” are trademarks of Accedian Networks Inc. All other trademarks quoted are property of their respective owners.

Media Contact:

Scott Sumner
VP, Marketing
Accedian Networks, Inc.

Tel: +1 (514) 331-6181 x 605
Cel: +1 (514) 295-4858

About Accedian Networks

Accedian Networks is a leading provider of Packet Performance AssuranceTM solutions that enable wireless operators, service providers and cable MSOs to deliver carrier-grade, packet-based applications including VoIP, IPTV, video-conferencing and transparent LAN services over Ethernet, IP/MPLS, and wireless 3G / 4G / WiMAX networks.

Accedian Networks’ Ethernet Service Assurance Platform (ESAPTM) provides in-service monitoring, loopback testing, remote troubleshooting, service management and network demarcation for high-performance wireless backhaul, business services and carrier hand-off applications.

EtherNIDTM packet assurance demarcation units allow providers to regain control of their services by establishing end-to-end, standards-based operations, administration and maintenance (OAM) over converged multi-technology and multi-provider networks, while enabling value-added services backed by assured Service Level Agreements (SLAs).

Accedian Networks is a privately held company headquartered in Montreal, Canada.

For additional information, please visit:, or call 1-866-685-8181 or +1 (514) 331-6181.

This release was published on openPR.

Permanent link to this press release:

Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Accedian Networks(TM) Completes $7.5 Million in Series B Financing here

News-ID: 37508 • Views: 4817

More Releases from Accedian Networks Inc.

Zayo Bandwidth Deploys Accedian Networks Platform
Zayo Bandwidth Deploys Accedian Networks Platform
Accedian Network’s ESAP Ethernet Service Assurance Platform enables premium, SLA-backed QoS for Zayo’s high performance 3G and 4G mobile backhaul offerings. Montreal, Canada, March 26th, 2008 – Accedian Networks, a leading provider of Packet Performance Assurance solutions for telecom, cable and wireless operators, announced today that Zayo Bandwidth, a regional provider of high bandwidth services, has selected and deployed Accedian Networks’ ESAP Ethernet Service Assurance Platform to monitor Quality of Service
Accedian Networks(TM) Introduces Ethernet Service Creation
Accedian Networks(TM) Introduces Ethernet Service Creation
EVC service mapping adds end-to-end Ethernet service creation capabilities to widely deployed EtherNID TM packet assurance demarcation units. Nashville, Tennessee, February 25, 2008 – Accedian Networks TM, a leading provider of Packet Performance Assurance TM solutions for telecom, cable and wireless operators, introduced today the addition of Ethernet service creation functionality to its widely deployed EtherNID TM packet assurance demarcation units. Service mapping capabilities allow service providers to easily establish transparent
Accedian Networks Appoints Marketing VP
Accedian Networks Appoints Marketing VP
Leadership team continues to strengthen, reflecting solid growth across all products Montreal, Canada, February 5th, 2008 – Accedian NetworksTM, a leading provider of Packet Performance AssuranceTM solutions for telecom, cable and wireless operators, announced today that Scott Sumner has been appointed as Vice President of Marketing. In this role he will be responsible for the company’s marketing communications, public relations, eMarketing, advertising and brand. “Scott brings extensive experience in marketing, advertising
Accedian Networks selected as one of Canada’s Top 10
Montreal, QC, January 9th 2008 — Accedian Networks Inc., a leading provider of Network Performance Assurance Solutions for Ethernet Service Providers, has been selected by OCRI as one of Canada’s Top 10 Technology Companies. Winners were chosen by an independent expert panel of Canadian and US venture capitalists. "I continue to be impressed by the quality of companies that I see coming out of Canada,” says Bernhardt Zeisig, Director,

All 5 Releases

More Releases for Network

Global Oilfield Communications Market Derived by Communication Network - VSAT Co …
“The increasing investments and enhancing network infrastructure, rising technological advancements for communication across oilfields, and increasing demand from oil and gas operators to scale the production of mature oilfields, are expected to act as growth drivers for the oilfield communications market.” The global oilfield communications market size grew from USD 3.4 billion in 2020 to USD 4.5 billion by 2025, at a Compound Annual Growth Rate (CAGR) of 5.5% during the
Gaming Network Market to See Huge Growth by 202 | Game Loot Network, ZAM Network …
A new business intelligence report released by HTF MI with title "Global Gaming Network Market Report 2020 by Key Players, Types, Applications, Countries, Market Size, Forecast to 2026 (Based on 2020 COVID-19 Worldwide Spread)" is designed covering micro level of analysis by manufacturers and key business segments. The Global Gaming Network Market survey analysis offers energetic visions to conclude and study market size, market hopes, and competitive surroundings. The research
Insight into Gaming Network Market to 2025 - Xiled Gaming Network, Game Loot Net …
The updated research report on "Gaming Network Market" presents crucial information like market share, size, and growth rate. It offers insights on the driving factors, hampering aspects, challenges, opportunities, and trends including details on market segments and sub-segments. Based on the Gaming Network industrial chain, this report mainly elaborates the definition, types, applications and major players of Gaming Network market in details. Deep analysis about market status (2015-2020), enterprise competition pattern,
Numerous Applications in Gaming Network Market Growth and Forecast with Top Key …
Gaming Network is one of the world's leading games media businesses. With a strong focus on editorial quality and community, our network of award-winning websites, video and social channels reaches over 50 million gamers every month. Our market-leading events attract over 100,000 visitors each year. This report on Gaming Network market delivers detailed analysis on the main challenges and growth prospects in the market. This research study is anticipated to
Water Network Management, Water Network Management trends, Water Network Managem … adds a new 2018-2023 Global Water Network Management Market Report focuses on the major drivers and restraints for the global key players providing analysis of the market share, segmentation, revenue forecasts and geographic regions of the market. This report presents a comprehensive overview, market shares, and growth opportunities of by Water Network Management product type, application, key manufacturers and key regions. Over the next five years, Water Network Management will
Hiring Network Monitoring Service Vs Network Monitoring Tools
An organization might have a stable business or is on the growth path, it is absolutely normal to have a dilemma over choosing in between hiring a network monitoring service or install a few tools for network monitoring. While your business is picking up speed with improving cyber and network technology, there is no way you can ignore the strength of network monitoring service or tools for a smooth functioning