Aria Networks has announced a further round of investment. Led by venture fund Seraphim Capital, the investment includes both current and new investors. It will enable Aria Networks to strengthen its leadership in the Software Defined Networking market, providing capacity planning and orchestration solutions to some of the largest internet companies in the world.
Mark Boggett, Managing Director of Seraphim Capital, comments: “There is a huge addressable market for migratory applications such as those provided by Aria Networks to network operators and cloud providers, as evidenced by AT&T’s recent announcement that they plan to extend SDN network coverage to 75% by 2020. Aria Networks enables service providers to benefit from virtualization and network automation today and build a path to a fully Self Optimised Network in the future.”
Aria Networks also announces the appointment of Steve Newton as Chief Executive Officer. Steve Newton has already been in an executive role at the company for the past 12 months. He brings more than 25 years’ experience in the telecommunications sector. Steve was part of a management team that steered billing software specialist Geneva Technology from product launch through rapid growth to an exit for $700m.
Steve Newton, CEO of Aria Networks, adds, “Aria Networks is already working with many of the largest internet companies in the world. As user demand for data continues to grow exponentially, the software solutions provided by Aria Networks become ever more relevant to internet service providers, network and cloud operators. I am delighted to lead the company into a new era where our applications and software defined network services will enable Aria to rapidly scale.”