SOURCE: Opanga


October 21, 2015 03:00 ET

Opanga Fuels Up and Strengthens Board of Directors

SEATTLE, WA--(Marketwired - October 21, 2015) - Opanga Networks, an industry leading innovator of mobile network optimization solutions, today announced it has closed additional funding bringing the total money raised close to $20 million. Opanga also announced the election of Cole Brodman, a former T-Mobile executive and mobile industry veteran, to its board of directors.

"The market for our products increases month by month as demand on mobile networks and the cost and complexity of building out mobile capacity worsen," says Dave Gibbons, CEO. "Our new funding will allow us to extend our new Network Coordinated Super Scheduler (NCSS) offering into new markets. The mobile operator response to NCSS has been overwhelming with ten pilots currently in the works."

NCSS is Opanga's latest product that uses its core technology to manage encrypted mobile traffic and extend the long-term capital efficiency of radio access networks using Traffic Densification Technology™.

Jim Judson, the chairman of Opanga Networks and a lead investor, echoed the positive outlook, stating: "The market potential for Opanga's technology and its impact on the industry are incredibly encouraging and is enthusiastically supported by its experienced investor group. Cole will bring a great deal of experience and value to Opanga as our newest board member."

"I'm thrilled to be joining the Opanga board," said Cole Brodman. "Opanga's technology and products help solve the growing challenge of increasing consumer demand for mobile internet, especially mobile video on demand, while maintaining affordable consumer pricing. Opanga's software solution offers wireless carriers cost effective software-scaled solutions for the mobile data crunch, while maintaining or improving quality of experience for consumers. It's a breakthrough in network capacity."

Opanga's NCSS software is deployed in the operator's SGi-LAN data center using off the shelf policy based routers and standard servers. It's an agile, fast and lightweight deployment providing game changing capacity improvements to operators.

About Opanga Networks
Opanga Networks is an industry leading developer of mobile network optimization technology that enables video traffic growth without capital cost growth.

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