Nomura Backs Operax
Summary
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. ”We are proud that Nomura has recognized our leading position in an exciting and rapidly evolving market space”, says Anders Lindén, CEO Operax. 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 has played a key role in the development of industry standards for QoS Control and Bandwidth Management”, said Andrew Healey, head of Nomuras Technology Private Equity Group. “With this new funding the company can fully address the worldwide market needs of major Telecommunications service providers.” Operax AB
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