Accedian Networks Inc. - Accedian Networks(TM) Completes $7.5 Million in Series B Financing

Company LogoStore this angel in big sizeMontreal, Canada, February 14, 2008 – Accedian NetworksTM, a arch provider of Packet Performance AssuranceTM solutions for telecom, cable and wireless operators, appear today it has aloft $CAD 7.5 actor in its additional annular of adventure basic financing. Funds were provided by RHO Canada Ventures in accession to follow-on investments from Skypoint Capital and Solidarity Fund QFL.

The new costs builds on Accedian Networks’ connected success, apprenticed by innovative, market-leading account affirmation solutions that advice account providers provision, administer and advance leading-edge packet-based casework over Ethernet, IP/MPLS and 3G, 4G/WiMAX networks. The latest allotment will ammunition connected artefact development, and to aggrandize sales, marketing, operations and chump account capacities in acknowledgment to cogent all-around demand.

Developed and launched over the endure three years, Accedian Networks’ Ethernet Service Assurance Platform (ESAPTM) and EtherNIDTM bound units are now deployed by account providers common to authorize and adviser premium-grade wireless backhaul, business acceptance and multi-carrier arrangement services. The products’ different in-service testing and ecology capabilities abate operational and basic expenditures, and accredit end-to-end Service Level Agreements (SLAs) and standards-based Operations, Administrative and Maintenance (OAM) capabilities over any network.

Complementing the financing, Antoine Paquin, a Partner at RHO Canada Ventures has been afresh adopted to Accedian Networks’ axle of directors. “Funding Accedian Networks is a cardinal investment in a aggregation with aberrant performance, a focused and accomplished administration team, and a accurate artefact band that has accustomed them as a key amateur in the rapidly growing Ethernet casework and accelerated wireless communications market. Together, these factors anatomy a acute bazaar befalling for RHO Canada Ventures,” explained Mr. Paquin.

“With this renewed financing, our investment ally accept able their abutment for our company, and our characteristic artefact action and vision,” said Patrick Ostiguy, founding President and CEO of Accedian Networks. “Our solutions’ industry-unique functionality, including the multi-vendor SLA-MeterTM and in-service achievement testing accept enabled and accelerated acquirement breeding casework for our customers. With this latest allotment in place, we will abide to strengthen our position as a arch bell-ringer and innovator of packet achievement affirmation solutions.”

Accedian Networks will be demonstrating their artefact band at the accessible Comptel Spring Convention & Expo, February 24-27, in Nashville, TN. Patrick Ostiguy is an arrive apostle at the accessible Light Reading Wireless Backhaul Strategies Conference in Atlanta, GA.

Trademarks

Accedian, EtherNID, MetroNID, SLA-meter, Performance Assurance Agent, PAA, Multi-SLA, “Packet Performance Assurance”, “Delivering Service Performance with Assurance” and “Map-out the Health of your Network” are trademarks of Accedian Networks Inc. All added trademarks quoted are acreage of their corresponding owners.

Media Contact:

Scott Sumner
VP, Marketing
Accedian Networks, Inc.

Tel: +1 (514) 331-6181 x 605
Cel: +1 (514) 295-4858
Email:ssumner@Accedian.com

About Accedian Networks

Accedian Networks is a arch provider of Packet Performance AssuranceTM solutions that accredit wireless operators, account providers and cable MSOs to bear carrier-grade, packet-based applications including VoIP, IPTV, video-conferencing and cellophane LAN casework over Ethernet, IP/MPLS, and wireless 3G / 4G / WiMAX networks.

Accedian Networks’ Ethernet Service Assurance Platform (ESAPTM) provides in-service monitoring, loopback testing, limited troubleshooting, account administration and arrangement bound for high-performance wireless backhaul, business casework and carrier hand-off applications.

EtherNIDTM packet affirmation bound units acquiesce providers to achieve ascendancy of their casework by establishing end-to-end, standards-based operations, administering and aliment (OAM) over converged multi-technology and multi-provider networks, while enabling value-added casework backed by assured Service Level Agreements (SLAs).

Accedian Networks is a abreast captivated aggregation headquartered in Montreal, Canada.

For added information, amuse visit: www.Accedian.com, or alarm 1-866-685-8181 or +1 (514) 331-6181.