SAN JOSE, Calif. -- NetVMG, Inc., the leading intelligent IP
traffic management (IPTM) services company, today announced it has secured
$57 million in private funding over the last year from some of the
technology industry's most prominent investors.
The announcement marks the completion of NetVMG's latest round of
financing, led by Palo-Alto-based Accel Partners, a leading venture capital
firm, and Duff Ackerman & Goodrich LLC, a growth equity investment firm in
San Francisco. These partners join Comdisco Ventures and Bank of America as
principal investors in the company, with Cisco Systems Capital providing
additional asset financing.
"We are delighted to continue our financial partnership with NetVMG," said
Peter Wagner, general partner, Accel Partners. "This investment
demonstrates our continued confidence that NetVMG's innovative technology
and sustainable business strategy is well-positioned for accelerated growth
and market leadership."
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