DiViNetworks Banks $5M Investment
WASHINGTON -- IFC, a member of the World Bank Group, has invested $5 million in DiViNetworks, an Israeli company that provides network operators and internet service providers (ISPs) with cloud-based broadband solutions that significantly improve data delivery while saving costs.
The DiViCloud service uses DiViNetworks’ patented technology to increase Internet transmission capacities and free up congested internet connections. With deployment in 21 developing countries, the solutions lower costs and increase internet access for enterprises and consumers. /p>
The majority of DiViNetworks’ clients are located in Sub-Saharan Africa, Latin America and South East Asia, with 80 percent based in the world’s least developed countries as classified by the World Bank’s International Development Agency./p>