Edgewater Networks raises $5 mn for SDN and NFV product development

Edgewater Networks has raised $5 million in debt financing to develop new products that leverage Software Defined Networking (SDN) and Network Functions Virtualization (NFV) technologies.

The new products will complement the company’s existing portfolio and allow Edgewater Networks’ customers to launch new managed services.

Edgewater Networks has more than 240,000 Edgewater Enterprise Session Border Controllers (ESBCs) currently deployed by service providers and integrators, including one of the two largest U.S. carriers and three of the top five U.S. cable operators.

The new funding was secured from Eastward Capital and brings the total debt and equity funding raised by Edgewater Networks to date to $36 million.

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