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Posted on June 16, 2011

BOSTON, MA -- Aylus Networks, a leading provider of infrastructure software for enabling video communication services over mobile networks, announced the closing of an equity financing round of $16 million. London UK-based m8 Capital led the financing, with existing backers, Matrix Partners and North Bridge Venture Partners, also participating. Joseph Kim, General Partner of m8 Capital, will be joining the Aylus Board of Directors.

"The dawn of video becoming the new voice is upon us," said Mark Edwards, CEO Aylus Networks. "The emergence of powerful video-ready smartphones and tablets, high-speed mobile networks, and consumers becoming accustomed to video calling on the desktop establishes the ideal conditions for the mass adoption of mobile video calling. For video calling to be a mass-market phenomenon it needs to be offered as a seamless add-on option to a voice call. People should be able to add or drop video from a call, leave a video voicemail, and roam while on a video call, just as they do now with voice calling. In addition, video calling services should be interoperable across different device platforms, and between networks and communities of users. This requires the kind of market leading video infrastructure platform Aylus has built."

"We expect video calling to grow exponentially in the coming years, with adoption rates similar to those of SMS," said Joseph Kim, General Partner of m8 Capital. "We're thrilled to be supporting the Aylus team in bringing to market their vision of seamless video calling available to everyone, everywhere."

"We are delighted to welcome m8 Capital to the Aylus investor syndicate and Joseph Kim from m8 Capital to the Aylus Board of Directors," Edwards added. "The combination of m8 Capital's focus on mobile and Joseph's extensive experience in telecommunications makes this an ideal match. Aylus has secured multiple Tier 1 North American customers in the recent past. This financing will provide the resources to scale up our operations to meet customer and partnership demands and to expand sales operations globally."

Aylus was founded in 2005 and has headquarters in Westford, MA.