Acme Packet, a leading developer of session border controllers for service providers delivering interactive communications across IP network borders, today announced that it has raised $15 million in its second round of financing. This investment brings the total raised to date to $31 million. Advanced Technology Ventures (ATV) of Waltham, Mass. and Palo Alto, Calif. joins as a new investor, with initial backers Menlo Ventures and Canaan Partners also participating in the round. This investment comes on the heels of significant world-class customer and partner announcements including Global Crossing, Fusion Communications, Capcom International, Agsm Telecomunicazioni, BroadSoft, Lucent Technologies, MetaSwitch, Nissho Electronics, Sonus Networks and Sumitomo Corporation. The additional funding will allow the company to step-up the sales, support and enhancement of its Net-Net products in service provider IP networks around the globe.
Acme Packet's award-winning Net-Net products solve the critical problems faced by service providers delivering high-quality, real-time communications - voice, video and multimedia - across IP network borders, including security, service assurance, revenue and profit assurance, and law enforcement. Current deployments include VoIP trunking network peering, hosted IP services for business and residential customers, and voice ASP services in the data center.
"Acme Packet has established a proven track record with top-tier service providers, as well as global partners and distributors," said Bob Hower, partner, Advanced Technology Ventures. "Such traction in an emerging market highlights a growing sense of urgency among IP service providers to secure their network infrastructure, guarantee service quality, and increase revenue and profits. We believe the breadth and depth of the Net-Net products are unequaled in the industry and are confident that this funding will help Acme Packet solidify its market position and take the company to the next level."
"This significant infusion of capital from new and existing investors is extremely encouraging and demonstrates an enormous vote of confidence in our ability to build upon our early success in the market for session border controllers," said Andy Ory, president and CEO, Acme Packet. "As providers roll out high-quality, high-margin packet based services on a wide scale basis, the border issues that our Net-Net products address become ever-more critical. The new funding will help us continue our momentum by supporting existing and upcoming deployments, and partnership activities with top-notch companies."
Acme Packet enables network service providers to deliver premium, interactive communications - voice, video and multimedia sessions - across IP network borders. Our award-winning Net-Net family of session border controllers satisfies critical security, service assurance and law enforcement requirements in wireline, wireless and cable networks.