Aria Networks receives $4m investment to fund further growth in capacity management
Posted on: 5th November 2013
Aria Networks, a leading independent provider of capacity management software for telecoms and cloud services providers, today announces it has received $4m of investment funding in a round led by Seraphim Capital supported by the Capital For Enterprise Fund. Aria Networks will use the investment to further accelerate the growth of its customer base and to capitalize on the strategic industry partnerships it has secured in the past year, which are rapidly opening access to new markets.
Aria Networks’ Capacity Management platform combines resource and financial management to enable telecoms and cloud solutions providers to enhance their profitability. Recent consolidation in the market for capacity management solutions means that Aria Networks’ independence, along with its unique solutions for IP-Optical, 4G Mobile and Software-Defined-Networks (SDN), are driving new growth opportunities around the world.
The company says that these changing market dynamics have resulted in new partnerships with global equipment manufacturers and software-vendors, which are now actively taking Aria Networks’ solutions to their existing telecoms and cloud solutions customers.
In June 2012, Aria Networks announced that Stephen Newton, an experienced and successful non-executive director and seed investor, had been appointed to the company’s Board of Directors. Seasoned high-tech investor Newton has invested in a number of technology companies and was part of a management team that steered Geneva Technology, a developer of billing software, from launch to acquisition for $700m.
“We are delighted to be supporting Aria Networks and working with the team to capitalise on the growth in capacity management and the emerging opportunities driven by Software Defined Networking”, said Mark Boggett, Managing Director of Seraphim Capital. “We are also excited about Steve Newton taking an executive role in the business as he brings a wealth of experience in growing software businesses.”
Tony Fallows, CEO Aria Networks, added, “Aria Networks’ customers are typically gaining a return on investment and double-digit CapEx and OpEx business performance improvements in as little as six months by leveraging the Aria Networks platform. This latest investment funding will help us support our partners, win more business around the world, and help our customers improve their operational and financial performance.”