Opanga Gets $6MOpanga Gets $6M

SEATTLE -- Opanga Networks, a leading innovator of network optimization solutions that substantially improve mobile video and multimedia performance, announced the completion of a $6M financing providing the company with significant new working capital to fuel its growth. Opanga provides technology that enables mobile network operators to massively increase network utilization and improve capital efficiency -- helping resolve the capacity crunch, which is arguably the most significant issue the industry has faced.

"Opanga's NetRover technology has demonstrated in networks globally its ability to vastly improve overall network throughput allowing operators to attack their markets with video and aggressively pursue highly scalable and sustainable mobile video based services," said Dave Gibbons Opanga's CEO. "Most video technology innovation today is focused on defensive strategies towards mobile video like compression and sacrificing playback quality inside consumers' monthly data caps -- our solution is a game changer providing flawless HD mobile video playback, places no burden on the mobile networks and can therefore be unlimited to consumers."

Opanga Networks