Nomura Backs Operax

STOCKHOLM -- Operax announces it has raised US $15 million in Series C funding for its further global expansion plans, and to strengthen its leadership for QoS Control and Bandwidth Management in convergent all-IP broadband networks. Existing investors Nordic Venture Partners, Innovacom and Emano also participated in this round.

”We are proud that Nomura has recognized our leading position in an exciting and rapidly evolving market space”, says Anders Lindén, CEO Operax. “With this new round of financing we will advance our leadership and build on our delivery capabilities. We can strengthen our focus on existing projects, as well as being able to address new business opportunities.”

The global telecommunications market is undergoing a significant services and infrastructure transformation to provide communications, entertainment and information over next-generation broadband networks. Operax’s innovative products fulfil a critical role in ensuring the new services can be differentiated and quality guaranteed by the service provider.

“Operax has played a key role in the development of industry standards for QoS Control and Bandwidth Management”, said Andrew Healey, head of Nomura's Technology Private Equity Group. “The combination of their highly impressive traction with major Telecommunication service providers, and the increasing need for QoS to support real-time services, has provided Operax a great opportunity to leverage their proven carrier-grade technology and intellectual property.”

“Operax products are recognised as the leading solution for Quality of Service control in tomorrow’s converged networks, including those based on IMS”, says Laurence McDonald, Nordic Venture Partners. “With this new funding the company can fully address the worldwide market needs of major Telecommunications service providers.”

Operax AB