Exinda, a Toronto, Canada-based company focused on delivering the best application performance possible on clients’ networks, recently closed a US$10m venture debt financing.
Wellington Financial provided the financing.
The company will use the proceeds to continue to expand operations.
Led by Michael Sharma, CEO, Exinda provides solutions that enable IT teams to manage the way users, traffic, devices and applications behave across networks. To date, more than 4,000 customers have used Exinda to understand the various application types running and orchestrate the perfect network to match their business needs.
The company, which also has development operations in Waterloo, Ontario, is venture backed by OpenView Venture Partners and Greenspring Associates.