Aria Networks closes funding round, appoints new CEO
Posted on: 6th January 2015
- Aria Networks closes new funding round
- Investment led by Seraphim Capital and includes current and new investors
- Steve Newton takes role of Chief Executive Officer
6th January 2015: Aria Networks, a UK-based provider of unique network planning and optimisation applications and services for telecom, cloud and over-the-top social network service providers, today announces a further round of investment.
Led by venture fund Seraphim Capital, the investment includes both current and new investors. It will enable Aria Networks to strengthen its leadership in the Software Defined Networking market, providing capacity planning and orchestration solutions to some of the largest internet companies in the world.
Aria Networks’ capacity planning, management and orchestration software enables service providers to more effectively plan, manage and control their networks, driving increased profitability and an effective pathway for network upgrade.
Mark Boggett, Managing Director of Seraphim Capital, comments: “There is a huge addressable market for migratory applications such as those provided by Aria Networks to network operators and cloud providers, as evidenced by AT&T’s recent announcement that they plan to extend SDN network coverage to 75% by 2020. Aria Networks enables service providers to benefit from virtualization and network automation today and build a path to a fully Self Optimised Network in the future.”
Aria Networks also announces the appointment of Steve Newton as Chief Executive Officer. Steve Newton has already been in an executive role at the company for the past 12 months. He brings more than 25 years’ experience in the telecommunications sector. Steve was part of a management team that steered billing software specialist Geneva Technology from product launch through rapid growth to an exit for $700m.
Steve Newton, CEO of Aria Networks, adds, “Aria Networks is already working with many of the largest internet companies in the world. As user demand for data continues to grow exponentially, the software solutions provided by Aria Networks become ever more relevant to internet service providers, network and cloud operators. I am delighted to lead the company into a new era where our applications and software defined network services will enable Aria to rapidly scale.”
Previous CEO, Tony Fallows, is leaving Aria Networks to pursue a new opportunity, with the best wishes of the company.
About Aria Networks
Founded in 2005, Aria Networks is an independent and network agnostic software service provider for network operators, datacentres and high traffic internet services. Aria Networks facilitates the effective planning, creation and optimisation of networks and datacentres, enabling optimised use of resources, accurate planning for upgrades and real time analysis and resolution of hardware failures. Aria Networks’ customers include some of the largest global internet companies.
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