Thursday, May 19, 2005

Sandvine Secures $15M

"Sandvine Incorporated, world leader in intelligent broadband management solutions for broadband service providers today announced it has secured $15 million in venture capital financing.
The company also announced that it has nominated two new members to Sandvine's Board of Directors. The funding will support Sandvine's sales growth and strengthen its worldwide footprint among cable, DSL, wireless, and satellite broadband providers. Newbury Ventures, a U.S.-based venture capital firm, led the financing round, joined by existing investors, BDC Private Equity Partners, Celtic House Venture Partners, Tech Capital Partners, and VenGrowth Capital Partners. "

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