Aria Networks has completed a round of new funding to maintain its current growth path and to aid in its global expansion.
The new round of funding, totaling more than $1 million, was led by existing investors Seraphim Capital and Capital for Enterprise, along with private investors.
Mark Boggett, managing director at Seraphim Capital, said, “Aria Networks is riding on the wave of demand from telco operators with the compelling need to address their network capacity management issues."
“The company is successfully addressing the challenges of planning profitable 4G, broadband, IP and cloud networks, winning new customers and repeat business," he added. "We are backing Aria’s next steps in what we expect to be an exceptional period of growth."
This investment will allow Aria Networks to maintain growth, build a presence in global markets and drive new innovation. Through the investment, the company can expand its sales and marketing teams to address markets in North America and Asia. New regional offices are planned to open during the next financial year.
Aria Networks' revenues have consistently grown, and the company experienced a 280 percent increase in turnover since 2008.
The company makes network planning and design software for the telecommunications industry.