Ottawa-based BTI Systems Inc. has named software industry veteran Tod Nielsen to the company’s board of directors. Nielsen recently helped establish the EMC/VMware spin-off Pivotal Initiative. Prior to that he was with VMware, Borland and Microsoft. BTI, a provider of intelligent networking software and systems, has been venture-backed since 2000. Its investors include Bain Capital Ventures, BDC Venture Capital, Covington Funds, Export Development Canada, GrowthWorks and Kodiak Venture Partners.
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BTI Systems Inc., an Ottawa-based networking systems and software company, secured US$10 million in new growth funding. The deal was led by existing investor Bain Capital Ventures, with the participation of BDC Venture Capital, Covington Funds and GrowthWorks. BTI, which has raised more than US$33 million from venture capital firms since the first quarter of 2011, also announced the expansion of the company’s presence with a new office in Palo Alto, California.