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Posted on March 12, 2012

BOSTON, MA -- Exinda, a global provider of WAN optimization solutions incorporating Unified Performance Management, announced that it has secured $12 million in a series B funding round. The round saw participation from existing investor OpenView Venture Partners as well as attracting new investment from Greenspring Associates. The funds will be used as working capital to support Exinda's continued market penetration and targeted growth in the wake of a 116% increase in revenues during the course of 2011.

"Having initially invested in Exinda in April 2007 we have been impressed with the Company's development and performance in converting its technology innovation into commercial success and are delighted to be participating in this latest financing round," said Firas Raouf, OpenView Venture Partners. "Its solutions continue to maintain market relevancy, addressing many of the major IT challenges being faced by its customers around cloud, SaaS and real-time applications such as video and the impact of these on traditional network infrastructures. Furthermore, its ability to enable branch office consolidated applications and services over the WAN, delivering a reliable, high quality user experience, overcomes many of the problems caused by the distributed nature of today's enterprise."

Unlike conventional approaches to WAN optimization which focus primarily on mass data compression and optimization, Exinda's performance assurance technology introduces user and application profiling for precision optimization. Exinda's assurance architecture targets 52 unique user and application attributes to optimize traffic to assure the network meets its business service level agreements.

Commenting on the news Michael Sharma, Chief Executive Officer at Exinda said, "We have made a significant investment in escalating our international sales operations over the last couple of years across all geographies. It is this investment that has resulted in us growing at a faster rate than that of the marketplace, thereby increasing market share and expanding global reach. The new funding further strengthens our financial stability and will enable us to continue executing on our aggressive growth strategy by maintaining the momentum and critical mass we have built up in the market to date."