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Vasona Networks Venture Capital Financing Reaches $22 Million



        Vasona Networks Venture Capital Financing Reaches $22 Million

Company Closes Series B Round Led By Bessemer Venture Partners With
Participation From Other Existing Investors, Including New Venture Partners

PR Newswire

SANTA CLARA, Calif., March 19, 2013

SANTA CLARA, Calif., March 19, 2013 /PRNewswire/ -- Vasona Networks, Inc.®, a
provider of platforms for mobile network capacity and resource management,
today announces total funds raised of $22 million, including a recent $12
million Series B round. The venture capital financing was led by Bessemer
Venture Partners, with participation by New Venture Partners and a strategic
investor, all of them participants in the company's Series A round.

The newest financing follows Vasona Networks' success bringing to market its
pioneering SmartAIR1000™ edge application controller, which is in deployments
by mobile network operators around the world. The company will use the
proceeds to accelerate its growth and expand field operations, while
continuing investment in its research and development activities.

"During the last few years, Vasona Networks has rapidly defined, developed and
validated its platform, establishing a new category of solution for pressing
mobile operator needs," says Bob Goodman, a partner at Bessemer Venture
Partners and member of Vasona Networks' board of directors. "This new
financing positions the company to fulfill and build on the strong demand it's
experiencing."

Founded in 2010, Vasona Networks recognized that bringing together certain
mobile, media and IP networking technologies could address the deluge of
growing application usage that mobile operators face today. Vasona Networks'
resulting flagship SmartAIR1000 edge application controller works with mobile
traffic across all applications, at granularity of every cell in a network. It
assesses and acts on congestion based on exactly where it is occurring and
what is causing it. Bandwidth is allocated to each application in real time
for the best overall subscriber experiences. This solution empowers mobile
operators to more effectively use resources as they face expensive and complex
upgrades to add network capacity.

"Vasona Networks is succeeding across our operations including
multidisciplinary engineering, launching the first edge application
controller, deployments with top global operators, and substantial support
from our venture investors," said Biren Sood, CEO, Vasona Networks. "Our
funding validates Vasona Networks' leadership positioning, with participation
including Bessemer Venture Partners, one of the most venerable venture capital
firms, and New Venture Partners, a sophisticated investor in communications
infrastructure markets."

For more information, visit www.vasonanetworks.com.

About Vasona Networks

Founded in 2010, Vasona Networks, Inc.® works with global mobile network
operators to deliver better subscriber experiences. The company's pioneering
edge application controller, the SmartAIR1000™, takes a holistic approach to
addressing mobile network data traffic congestion that occurs in each cell,
monitoring every application demanding bandwidth. With this visibility, Vasona
Networks' RateControl™ technology allocates bandwidth by precise determination
of user needs and experiences. The company has received investments from
Bessemer Venture Partners and New Venture Partners. Vasona Networks is based
in Santa Clara, California, with research and development offices in Tel Aviv,
Israel. For more information, visit www.vasonanetworks.com.

About Bessemer Venture Partners

With $4.0 billion under management, Bessemer Venture Partners (BVP) is a
global venture capital firm with offices in Silicon Valley, Cambridge, Mass.,
New York, Mumbai, Bangalore and Herzliya, Israel. BVP delivers a broad
platform in venture capital spanning industries, geographies, and stages of
company growth. From Staples to Skype, VeriSign to Yelp, LinkedIn to
Pinterest, BVP has helped incubate and support companies that have anchored
significant shifts in the economy. BVP also led the Series A financings of
Broadsoft, Intucell and Flarion. More than 100 BVP-funded companies have gone
public on exchanges in North America, Europe and Asia. See www.bvp.com or
follow BVP on Twitter: @bessemervp

Media Contacts:
Brian Baumley 
BLB Communications for Vasona Networks
609-759-0252
Email

Ashley Gagnier
Bessemer Venture Partners
914-833-5357
Email

This press release was issued through eReleases® Press Release Distribution.
For more information, visit http://www.ereleases.com.

SOURCE Vasona Networks, Inc.

Website: http://www.vasonanetworks.com
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