Akonix Raises $11 Million in Second Round Funding
Summary
Akonix has already delivered their products to major financial services, technology and other companies, and is well positioned to take advantage of this great business opportunity," said H. DuBose Montgomery, founder of Menlo Ventures. "There are now almost 65 million business users of instant messaging worldwide, and those numbers will increase dramatically over the next few years," said Paul Ritter, senior analyst for collaboration research at the Yankee Group. Menlo has over $2.7 billion under management in nine venture capital funds, and currently focuses their investments in the areas of communications, software, Internet, semiconductors and computer hardware. The Menlo Ventures team is a group of investment professionals with hundreds of years of collective experience in technology, marketing, sales and general management. Akonix Systems Inc. is a leading provider of enterprise-class software solutions that help companies secure and manage the use of instant messaging (IM) and other real-time communications technologies.
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