Oak Investment Partners Leads $25 Million Investment in Funding Round for Movik Networks

Based in Littleton, Massachusetts, wireless networking product developer, Movik Networks announced on March 31, 2011, that it has secured $25 million in a funding round led by Oak Investment Partners. Other investors who participated in this funding round include the company’s existing investors, Highland Capital Partners and NorthBridge Venture Partners.

Movik started out by being a pioneer in the emerging mobile network pioneer and developed one of the first RANs or radio accessible networks in the country. The technology that Movik Networks offers allows users to have a safe wireless network which they can access on any portable communication device, such as a smartphone or other mobile device. The networks that Movik provides come it three tiers to help users navigate the web while they are on the go. The three tiers include content aware edge, service plane exchange, and policy and personalization engine.

The first tier, the content aware edge comes with the network policy aware engine, which allows networkers to both create and implement policies on multiple network dimensions based on real-time conditions. The content aware edge also allows mobile network services to monitor their RAN networks for congestion, application and subscriber types, and more. The content aware edge is a revolutionary monitoring tool that mobile network companies can use for a wide variety of diagnostic and general network functions.

The second tier, the policy and personalization engine or PPE is designed to allow mobile network operators to have access to a fully functioning element management system that is responsible for fault, configuration, alarm, and security of the entire network. The service also works together with the third tier of the networking solution the company provides, the Service Plane Exchange, or SPX.

The SPX is an entire umbrella of technical networking tools that mobile network service providers can use to provide users an integrated service plane across a wide range of different mobile devices and applications. The tools meet an unmet need in the mobile networking industry which is currently experiencing an explosion in growth with many network providers looking for new innovative network tools to provide mobile network users with the necessary security.

Proceeds from this funding round will allow Movik Networks to scale field operations and to introduce trial operations of its products to a global marketplace. The company also needs to develop its RAN aware content delivery technology, to which some of the proceeds of this funding round has also been allocated. The company has impressed its investors with the amazing growth it has experienced in the last quarter with an extended presence in both Europe and the Middle East.

According to the CEO of Movik Networks, John St. Amand, the company has completely transformed the way content has been delivered over the growing number of mobile networks to its subscribers. The innovative technologies that Movik provides its clients have obviously met many of the previously unmet needs that many network providers have been trying to meet as they were launching their mobile networks. Mr. St. Amand further added that he is very pleased and excited about the support and funding that Oak Investment Partners has provided the company together with Movik’s long time existing investors, who also participated in this funding round.

The praises to Movik also came from Oak Investment Partners, who’s leadership role in this funding round was key for the company to receive the funding it needs to expand its market base of its innovative technologies. This could not be more underlined by what Oak’s managing partner, Ed Glassmeyer, had to say about the company and the growing mobile network industry. Mr. Glassmeyer went on to say that the team at Oak Investment Partners has been very impressed at the unbelievable growth of mobile broadband networks and that all the partners at the firm also have concerns whether many mobile network providers will be able to meet the demands that many smartphones and other portable communication devices, such as tablets and laptop computers put on all those networks. What Movik Networks has to offer meets the unmet needs that many of these mobile network providers have. The aware systems that Movik offers allows network providers to track where traffic originates and how much demand from what kinds of devices are requesting the data. This is why the team at Oak believes that Movik can easily be an industry leader as the mobile network industry continues to grow and evolve.

Founded in 1978, Oak Investment Partners is an investment firms which provides growth capital to entrepreneurs who have innovative technologies and who have ambitions go take their business on a global scale. The firm typically invests in companies who are in the internet and broadband industries. Oak does not just invest in these industries, however. If they see other opportunities elsewhere, such as in the consumer media, clean tech, and healthcare industries, they will invest high growth capital in those companies also. The firm does invest globally, and has three offices in the United States, which include Westport, Connecticut, Minneapolis, Minnesota, and Palo Alto, California. Other companies in Oak’s portfolio include Aculynk, Actel Corporation, Avici Systems, Campus Pipeline, Trapeze Networks, US Auto Parts Network, and others.