Traffix Systems, an Israeli provider of signaling technology that helps 4G networks run better and more efficiently, has secured $7m in financing.
The round was led by Bessemer Venture Partners.
The company intends to use the funds to expand market penetration with telecom carriers around the world.
In conjunction with the funding, Adam Fisher, a partner at Bessemer, is joining Traffix’s board.
Founded in 2005 by Ben Volkow who serves as CEO, and Gil Shafran who serves as vice president for research and development, the company supports telecommunications service providers as they build high-capacity, high-performance data networks for a cost-efficient path to 4G. Its 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 signaling known as Diameter.
Traffix, which boasts nearly 100 global deployments, also has offices in New Jersey and the U.K.
FinSMEs
02/11/2011