Tuesday, November 30, 2010

Omnitrol Networks Closes Funding Round to Meet Accelerating Demand

Omnitrol Networks announced today that it has closed a round of financing with Javelin Venture Partners and several existing investors. A select group of new strategic individual investors also participated in the round, including Puneet Arora, the former CTO of TIBCO Software.

The financing round brings Omnitrol Networks' total investment since inception to approximately $15 million. The company has also been previously backed by Westlake International Group and individual founders. The capital will be used to expand sales and marketing, and help accelerate key initiatives in response to sustained industry growth.




Read the complete news release.