Aria Networks announced that it has completed a $1,100,000 round of new funding. The new round was led by existing investors Seraphim Capital and Capital for Enterprise, with private investors also participating.
“Aria Networks is riding on the wave of demand from telco operators with the compelling need to address their network capacity management issues,” said Mark Boggett, Managing Director at Seraphim Capital. “The company is successfully addressing the challenges of planning profitable 4G, broadband, IP and Cloud networks, winning new customers and repeat business. We are backing Aria’s next steps in what we expect to be an exceptional period of growth.”
The new investment will enable Aria Networks to maintain its rapid growth path, build its presence in global markets and drive new innovation. Specifically, the investment will allow the company to expand its sales and marketing teams to address markets in North America and Asia, with new regional offices planned to open during the next financial year.
Aria Networks is headquartered in Chippenham, UK, and currently employs 25 staff, with a large proportion of the team dedicated to R&D. Aria has already won several “Tier-1” customers in Europe and North America. Its revenues have consistently grown despite the challenging economic climate, with a 280% increase in turnover since 2008, generating profit in the recently-closed financial year.
“We are pleased to have completed this round of investment,” said Tony Fallows, CEO of Aria Networks. “The company has proven that an OSS company can thrive with the right technology and by effectively addressing service providers’ challenges of managing LTE, broadband and IP services. With our investors’ backing, we now have the capability to grow our direct sales capacity and further enable our delivery partners to greatly increase our ability to serve our customers.”