Vantrix Completes US$13.5 Million Funding Round for Global Growth

On the heels of recent Vantrix customer wins, new financing signals continued commitment from investors for the optimized mobile content delivery solution provider.

MONTREAL--()--Vantrix, the leading pioneer of optimized mobile content delivery solutions, today announced that it has received US$13.5 million in funding. The Series D round was led by existing investors Summerhill Venture Partners, JK&B Capital and Tudor Ventures, with pro rata participation from BDC Venture Capital, Innovacom and Entrepia Ventures.

“Our continued commitment to Vantrix is a result of our strong belief that mobile operators need solutions to intelligently manage the wide variety and ever-increasing volume of media in their wireless networks today,” said Joe Catalfamo, Managing Director at Summerhill Venture Partners. “Vantrix has demonstrated through its recent wins and deployments that its network and messaging optimization products deliver the configurable control wireless operators need for service differentiation and monetization.”

“Since its inception, Vantrix has been at the forefront of video and image transcoding, mobile network optimization and content traffic intelligence with deployments at major network providers in every global theatre,” said Jim Knapik, CEO of Vantrix. “We are very pleased by this new round of financing and plan to use it to meet the demands of Vantrix’s growing global presence in network optimization and content delivery.”

About Vantrix

Vantrix’s policy-controlled content optimization and delivery solutions for mobile network operators help ensure that video, webpages, Internet radio and applications are cost-effectively delivered with the best possible user experience, regardless of the service, device, network, location or time, and with integrated content traffic insight, Vantrix Bandwidth Optimizer enables informed decision-making on strategies to address congestion, quality of experience, cost savings and revenue growth. Unlike first-generation traffic optimization platforms that were built solely to adapt webpage content for mobile devices, Vantrix’s configurable, scalable and future-proof solutions were developed from the ground up to also address the unique challenges of video. Vantrix solutions are deployed in over 75 networks, serving over 1 billion subscribers worldwide. Vantrix is proud to count among its customers: Bell Canada, Sprint (NYSE:S), Orange, Telefonica (NYSE:TEF), T-Mobile, TeliaSonera (OMX:TLSN), MTS, Etisalat (ADX:ETISALAT), Saudi Telecom Company (TADAWUL:STC) and Tata Telecom. Vantrix is headquartered in Montreal with offices in the United States and London. To learn more about Vantrix, visit www.vantrix.com.

About Summerhill Venture Partners

Summerhill Venture Partners is an early stage venture capital firm focused on select areas within the wireless, digital media, and information technology sectors. We are currently managing a US$175 million fund from our offices in Boston and Toronto. Our management team has a successful track record dating back to 1993 of investing in and helping our entrepreneurs turn innovative ideas into world class companies. Visit SummerHill Venture Partners at www.summerhillvp.com.

About JK&B Capital

JK&B Capital is a venture capital firm focused in the software, IT and communications markets with over $1.1 billion of capital under management. Founded in 1996, JK&B has built a track record of generating exceptional returns for investors by identifying and investing in companies with technologies which have been critical to the growth of the world's information economy. Visit JK&B Capital at www.jkbcapital.com.

About Tudor Ventures

Tudor Ventures is the venture capital and private equity arm of Tudor Investment Corporation, an internationally recognized diversified investment management firm, currently managing approximately $12 billion in assets.

Tudor has been investing in venture capital and other private equity opportunities since the early 1990's. Over this time, Tudor and its principals have invested in over 75 companies, with a strong record of investment success. Through its private equity funds, Tudor currently manages over $700 million in capital commitments.

Tudor launched a third fund called Tudor Ventures III L.P. in June 2007 with $262 million in capital commitments. Limited partners in this fund include large institutional investors, endowments, fund of funds, and high net-worth individual investors along with a significant investment from Tudor's proprietary capital. For more information, please visit www.tudorventures.com.

About BDC Venture Capital

BDC Venture Capital is a major venture capital investor in Canada, active at every stage of the company's development cycle, from seed through expansion, with a focus on technology-based businesses that have high growth potential and that are positioned to become dominant players in their markets. BDC Venture Capital has been involved in venture capital since 1975 and has to date invested in more than 400 different companies. It currently manages approximately $550 million in venture capital assets invested in the areas of Life Sciences, Telecommunications, Information Technology, Advanced Technologies and Funds Investments. For more information, visit www.bdc.ca.

About Innovacom

For over fifteen years, Innovacom has invested in the entrepreneurs building the telecom and information technologies of tomorrow. Innovacom works with some of the brightest minds in the business, the early stage companies focused on the components, hardware, software and content that improve the ability of telecom carriers to deliver services. As the venture subsidiary of France Telecom, Innovacom is uniquely positioned to help its portfolio companies not only with capital, but with connections to the best research and deployment facilities in Europe and North America. Past investments include Business Objects, Cobalt Networks, Gemplus, Infovista, Intershop, Kelkoo, Soitec, and Tumbleweed. With 400 million Euros under management, Innovacom has offices in Paris, Stockholm, and San Francisco. For more information, visit www.innovacom.com.

About Entrepia Ventures

Entrepia Ventures invests in private, technology-based, expansion-stage companies that stand to benefit from market or technology affiliation with Japan. Operating out of offices in New York, San Jose, Montreal and Tokyo, and increasingly recognized as the "go to Japan" fund, Entrepia helps its portfolio companies generate incremental top-line growth to become more competitive, successful and valuable. Anchored on access, relationships, a hands-on approach, and on-the-ground presence, Entrepia's "Japan link" strategy is directed towards investment opportunities worldwide in IT, communications, electronics and core technologies. For more information, visit www.entrepia.com.

Contacts

Media:
Vantrix
Beverly Wilks, +1.514.866.1717 x296
Senior Director, Marketing
Beverly.Wilks@vantrix.com
Twitter: @VantrixCorp

Release Summary

Vantrix has received US$13.5 million in a Series D round of financing

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Contacts

Media:
Vantrix
Beverly Wilks, +1.514.866.1717 x296
Senior Director, Marketing
Beverly.Wilks@vantrix.com
Twitter: @VantrixCorp