PALO ALTO, Calif. -- Narus Inc., which delivers the ultimate performance convergent OSS mediation solutions for leading global service providers, today announced it has closed an additional $15 million in funding from investors that include JP Morgan Partners, Intel Communication Fund, Mayfield, NeoCarta Ventures, Walden Ventures and Bowman Capital. Narus has also appointed a new president and CEO: Peter Green, who brings more than 20 years of telecom industry experience to Narus, most recently from Telcordia Technologies where he was vice president and general manager of Customer Care and Billing. "With the downturn in the telecom market, carriers have seen particular value in how Narus' OSS mediation technology can help them offer their customers new and enhanced services, and reduce operating costs," said Narus Founder and Chairman Ori Cohen. "This customer momentum and our new, fully funded status equip us to build our business, further develop our products and expand our international presence." Narus Inc.