Ipanema Tech Raises $7 Million

Ipanema Technologies, a France-based provider of application traffic management systems for wide area networks, has raised $7 million in new VC funding from London-based Noble Venture.



Ipanema Technologies, a leader in application traffic management systems for wide area networks, today announced $7 million in new financing to expand its global geographic coverage and grow its R&D staffing.

For the last three years Ipanema technologies enjoyed 60% annual growth. To continue momentum and speed up this growth rate, Ipanema Technologies has secured these additional funds from London-based Noble Venture. Ipanema's unique approach to intelligent visibility, intelligent optimization and intelligent acceleration ensures a better and constant alignment of business processes and IT, especially in the new world of dynamic IT, where requirements change rapidly.

The investment news follows recent announcement of Reza Mahdavi as president of Worldwide Operations as well as recent successes for Ipanema, including partnerships with leading service providers such as BT, France Telecom/Orange Business Services, C&W, Tata Communications and Swisscom. These service providers offer turnkey high value-added managed service to large global companies. In fact, about 75% of WAN optimization managed services from telecoms globally are powered by Ipanema.

According to Jean-Yves Leclerc, CEO of Ipanema Technologies, Raising these additional funds is a key element of our plan to drastically increase the presence of the company not only in Europe but also in North America and Asia. At the same time it will help us to maintain our technical leadership for global intelligent WAN optimization systems and continue to respond to the demands of our managed services provider partners.

About Ipanema Technologies (www.ipanematech.com)

Ipanema develops next-generation solutions for application traffic management and WAN optimization which drastically improve the quality of user experience. Ipanema's Autonomic Networking System brings intelligence to the network enabling enterprises to dynamically align the network with their business objectives. The Ipanema's Autonomic Networking System, designed to manage large and very large enterprise Wide Area Networks (WAN) empowers enterprises, telecom operators and network service providers to go Beyond the Network TM. With the Ipanema's Autonomic Networking System, you can create repeatable and industrialized application-SLA based services that bring the utmost benefits with the lowest Total Cost of Ownership (TCO): intelligent visibility, intelligent optimization and intelligent acceleration. Ipanema is used extensively by many large telecom operators as well as by large multinationals across all market segments, including banking and finance, public sector, energy, pharmaceuticals, automobile, IT and so on.