Exinda takes in $9M in new fund raise
The Boston-based provider of wide area network (WAN) optimization tools made its first sale on Feb. 7, 2012.
The filing comes five years after Exinda received a $6 million, Series A round of funding from OpenView Venture Partners to expand into the United States.
The fundraise also comes less than a year after the Exinda appointed Robert Scott as chairman of its board of directors.
Exinda’s software and hardware products enable technology administrators to see what applications are being used, who is using the application and what strain, if any, applications are causing over the wide-area network.
Founded in Melbourne, Australia in 2003 as Exinda Networks, the company expanded into Boston in January 2007 under the direction of the then CEO Con Nikolouzakis. The company is now led by Michael Sharma.
That same year, Exinda was awarded the $1.1 million contract by the Malaysian government to deploy wide area network optimization appliances at more than 700 government sites in Malaysia.