Converged Access Closes $8 Million Venture Capital Series C Round

Converged Access Inc., the leader in developing intelligent application performance control for converged Voice Over Internet Protocol, data and video applications, announced this week that it closed an $8 million Series C Round of Venture Capital. SpaceVest Capital, a venture capital firm that invests in companies that boost advanced technologies, led this round.

Converged Access will use this round of Venture Capital to expand the sales and marketing efforts worldwide. In addition, the company will use this round to increasing the opportunity to demonstrate application performance control by expanding sales and new product development. All existing investors participated in the round, including Ashford Capital Management, Flagship Ventures, MC Venture Partners, North Atlantic Capital and SI Ventures. Ransom Parker, Managing Director of SpaceVest Capital will join the Converged Access board of directors.

“Converged Access has the intellectual property, technical innovation and veteran leadership team to bring intelligent application performance control of converged voice, data and video to the mainstream enterprise, taking advantage of a tremendous market opportunity,” stated Ransom Parker, Managing Director of SpaceVest Capital, “This unique value proposition is further validated by the Company’s growing list of influential strategic partners who recognize how its application-aware platforms will deliver on the promise of VoIP, and other emerging technologies. We are excited to partner with the Converged Access team to bring its products more rapidly to market.”

“Converged Access is thrilled to bring the management and industry experience of SpaceVest Capital and our other investors into our fold to help us leverage the huge market potential for intelligent application performance control solutions,” said Per Suneby, CEO of Converged Access. “We have assembled a team of networking industry veterans to tackle one of the toughest challenges in the current networking space: making.