Sign In
NewsRadar

Search Press
Looking for press releases of a particular company? Enter company name (or keyword) here.

   


Ipanema Technologies announces $7 million in financing
To expand global geographic coverage of company and grow R&D team


Paris — August 19, 2008 — Ipanema Technologies, a leader in application traffic management systems for wide area networks, today announced $7 million in new financing to expand its global geographic coverage and grow its R&D staffing.

For the last three years Ipanema technologies enjoyed 60% annual growth. To continue momentum and speed up this growth rate, Ipanema Technologies has secured these additional funds from London-based Noble Venture. Ipanema's unique approach to intelligent visibility, intelligent optimization and intelligent acceleration ensures a better and constant alignment of business processes and IT, especially in the new world of dynamic IT, where requirements change rapidly.

The investment news follows recent announcement of Reza Mahdavi as president of Worldwide Operations as well as recent successes for Ipanema, including partnerships with leading service providers such as BT, France Telecom/Orange Business Services, C&W, Tata Communications and Swisscom. These service providers offer turnkey high value-added managed service to large global companies. In fact, about 75% of WAN optimization managed services from telecoms globally are powered by Ipanema.

According to Jean-Yves Leclerc, CEO of Ipanema Technologies, “Raising these additional funds is a key element of our plan to drastically increase the presence of the company not only in Europe but also in North America and Asia. At the same time it will help us to maintain our technical leadership for global intelligent WAN optimization systems and continue to respond to the demands of our managed services provider partners.”

About Ipanema Technologies (www.ipanematech.com)

Ipanema develops next-generation solutions for application traffic management and WAN optimization which drastically improve the quality of user experience. Ipanema’s Autonomic Networking System brings intelligence to the network enabling enterprises to dynamically align the network with their business objectives. The Ipanema’s Autonomic Networking System, designed to manage large and very large enterprise Wide Area Networks (WAN) empowers enterprises, telecom operators and network service providers to go Beyond the Network TM. With the Ipanema’s Autonomic Networking System, you can create repeatable and industrialized application-SLA based services that bring the utmost benefits with the lowest Total Cost of Ownership (TCO): intelligent visibility, intelligent optimization and intelligent acceleration. Ipanema is used extensively by many large telecom operators as well as by large multinationals across all market segments, including banking and finance, public sector, energy, pharmaceuticals, automobile, IT and so on.

For additional information, contact:

Elyse Familant
GCC, Inc.
978-725-3637 elysef@gccpr.com


Publisher Contact Information:

GCC, Inc.
978-725-3637
elysef@gccpr.com

Company profile of Ipanema Technologies
Past press releases of Ipanema Technologies.

Data


25,705
Tech investments
From our Online Data Service
16,643
VC-backed companies
From our Radar


Recent Deals


DATEAMOUNTSECTOR
May 17€4.0MBiopharmaceuticals
May 16€15.0MPayment software
May 16€4.0MInternet services
May 16€80.0MConsumer electronics
May 16€6.3MImaging
May 16€13.0MInternet services
May 16€34.5MBiotechnology

For information on Europe's most extensive database on technology funding click here!

Events



Press Releases


Apr 29
Nethone
nethone raised over $1 million from innovation nest

Oct 1
The Link App
the link app launches version 2.0

Mar 29
Addex Therapeutics
addex sucessfully raises chf40 million in capital increase

Jan 2
Urban Jungle
urban jungle raises £1m in seed funding to build tech-enabled home ...

Aug 17
Komed Health
komed health closes seed financing round





About usContact usLegal Information
Copyright © 1999-2019
Emerging Technology Research Europe Inc. All rights reserved.