SUNNYVALE, Calif. -- Expway, the wireless multicast leader, announced today that NTT DOCOMO Ventures has made a strategic investment in the company.
NTT DOCOMO Ventures is the corporate venture arm of NTT Group. Expway received a total capital injection of 3 Million Euros, half of which came from NTT DOCOMO Ventures. Expway’s current investors, Innovation Capital, I-Source, TechFund and Isatis Capital provided the other half.
The funds will be used to further the adoption of FastLane, Expway’s newly announced Ultimate Mobile CDN solution which optimizes data traffic between the telecom cells and the terminals using LTE Broadcast. In addition, Expway’s solution will also be made available on Wi-Fi networks to enhance video delivery in highly dense areas.
“NTT group and Expway have partnered for more than ten years, building trust and synergies with a number of NTT group divisions,” said Thierry Sergent, CEO Expway. “This investment strengthens Expway and its leadership position worldwide as an the only end-to-end Wireless Multicast technology provider.”
“We recognize the growing importance of Wireless Multicast solutions, and the growing demand for an irreproachable high quality video experience these solutions address,” stated Akimoto-san, Executive Vice President & COO, NTT DOCOMO Ventures. “NTT Group’s collaboration will help Expway expand its business in this area.”