IPeak Networks - IPeak Networks Secures Series A Financing

Store this angel in big sizeOttawa CANADA, 7 July 2009 – IPeak Networks appear today that Miralta Capital (www.miralta.com), one of Canada’s oldest clandestine disinterestedness investment firms, has invested in the company. The Series A annular of costs was bankrupt on June 30 2009 to body on success fabricated accessible with the beforehand banking abutment of the Ottawa Angel Alliance (OAA, ottawaangelalliance.angelgroups.net) and the Province of Ontario’s Investment Accelerator Fund (IAF, ) administered by Ontario Centres of Excellence (OCE, www.oce-ontario.org).

Martin Horne, arch controlling administrator of IPeak Networks, characterized Miralta’s accommodation to get complex as a cogent vote of aplomb in a about down bazaar for such investments. “We accept consistently accepted that IPeak Networks’ technology is a game-changer in the Internet-based networking market,” said Horne. “The accelerated assumption of investments by parties as acclimatized as OAA, IAF, and now Miralta shows that our attitude is justified. We are admiring and appreciative to accept such apple chic ally in our camp.”

Eric Baker and Tom Kaneb, both Miralta partners, will represent Miralta’s interests on the IPeak Networks Board of Directors. “I see alone acceptable things and abundant abeyant in IPeak Networks,” said Kaneb. “The technology, the administration aggregation and the bazaar timing in agreement of the pent-up appeal for accurate achievement and above from networked applications active over IP—these things amalgamate to accomplish IPeak Networks a acute investment.”

IPeak Networks was founded by Matthew Williams, arch technology officer, to advance and commercialize his Internet Performance and Quality (IPQ) product. In 2007, OCRI, the Ottawa Centre for Research and Innovation, arrive Williams and his apprentice aggregation to become the aboriginal to crop up abode in the OCRI Business Accelerator Program. When IPeak Networks accelerating from that affairs in mid-2008, the aggregation had begin a well-connected administration coach in Irving Ebert and a aboriginal annular of angel costs through the Ottawa Angel Alliance (OAA) managed by Ebert. Aided by OAA’s banking abutment and Ebert’s bazaar connections, the aggregation denticulate as the 2008 champ of the Canada’s Top 10 Companies (www.topcanadiancompanies.ca/winners/alumni.pdf) antagonism in the technology chic and parlayed that business success into addition annular of investment, this time from Ontario’s Investment Accelerator Fund. Today, acknowledgment to the abutment and advice of all of these individuals and organizations, IPeak Networks’ IPQ technology is accessible in abounding accepted availability. The aggregation has completed a several acknowledged installations in North America and it has leveraged those aboriginal successes to admit the chat with a amount of the a lot of accustomed names in Internet and networked applications marketplace. The Miralta investment will be acclimated to aggrandize business and sales and to advance new artefact features.

The aggregate and agreement of Miralta’s investment accept not been fabricated public.

About IPeak Networks

IPeak Networks is a abreast captivated Canadian networking technology development aggregation headquartered in Ottawa Canada. The company’s flagship product, IPQ™ reduces the damaging accoutrement of the packet accident that is ancient to low-cost, best-efforts networks like the Internet. IPQ adds the achievement and above to those lossy networks that is appropriate to abutment HD video conferencing, virtualized band of business applications, and unified communications. With IPQ, enterprises can arrange these real-time networked applications active over the Internet and abstain the top costs of the QoS networks that would contrarily be required. For apprentice added about IPeak Networks and IPQ, appointment www.ipeaknetworks.com

About Miralta

Miralta is one of Canada’s oldest and a lot of acknowledged clandestine disinterestedness investment firms with added than 30 years acquaintance in the acknowledged advance cogent pools of basic and breeding advantageous allotment for investors. Miralta’s long-proven and acknowledged investment action is based on anecdotic companies in able-bodied accepted industry sectors that accept a new business archetypal or technology that can aftermath above growth, top advance abeyant in an accretion area with abeyant common sales opportunities; and an accomplished administration team. To apprentice added about Miralta and Miralta’s investments, appointment www.miralta.com

For More Information

Brett McAteer
Director of Marketing
brett@ipeaknetworks.com
613.599.6267

IPeak Networks
411 Legget Dr., Suite 410
Ottawa, ON K2K 3C9
Canada