Traffix Secures Successful $7 Million in Financing Led by Bessemer Venture Partners
Traffix Systems, a leading provider of Diameter signaling technology that helps 4G networks run more efficiently, announced it has secured $7 million in financing led by Bessemer Venture Partners.
- (1888PressRelease) November 29, 2011 - Freehold Township, New Jersey - The funds will be used to expand Traffix's market penetration with telecom carriers around the world, as more of them roll out 4G networks that require next-generation, Diameter signaling network solutions to handle increased data traffic.
The Traffix Signaling Delivery Controller (SDC) enables carriers to maximize network performance with innovative routing, load balancing and gateways solutions based on the new, IP-based industry standard protocol for known as Diameter signaling. The company boasts nearly 100 global deployments and is profitable.
From a Bessemer Partner: Adam Fisher
"We are extremely impressed by the deep knowledge in IP-based signaling that Traffix possesses, and the company's ability to translate that insight into revenue-generating products," said Adam Fisher, a partner at Bessemer who, as part of the latest financing round, is joining Traffix's board. "The Diameter signaling market is really taking off and Traffix is making significant headway with deployments for major service providers around the globe. We're excited to help this pioneering company grow."
From the Traffix Systems CEO: Ben Volkow
"We are thrilled by the opportunity to work with Bessemer and look forward to the firm's guidance," Ben Volkow said. "To handle all the new demands for complex data, networks are moving to IP-based technologies such as LTE, which create a need for sophisticated solutions like those Traffix provides."
About Traffix Systems
Traffix are the 4G Diameter signaling control plane experts since 2005, leading the control plane market with a range of Diameter products deployed at over 100 operators worldwide. Traffix supports telecommunications service providers in building high capacity, high performance data networks for a cost-efficient path to 4G. For more information, please visit www.traffixsystems.com.
About Bessemer Venture Partners
Bessemer Venture Partners is a global investment group with offices in Silicon Valley, Cambridge, Mass., New York, Mumbai and Herzliya, Israel. One of the oldest venture-capital practices in the United States, more than 100 Bessemer-funded companies have gone public on exchanges in the U.K., India and Canada. To learn more, please visit www.bvp.com.
Email: susan ( @ ) traffixsystems dot com