Accedian Networks(TM) Completes $7 5 Million in Series B Financing

Released on: February 13, 2008, 6:12 am

Press Release Author: Accedian Networks

Industry: Telecommunications

Press Release Summary: RHO Canada Ventures joins current investors Skypoint Capital
and Solidarity Fund QFL in follow-on round.

Press Release Body: Montreal, Canada, February 14, 2008 - Accedian NetworksTM, a
leading provider of Packet Performance AssuranceTM solutions for telecom, cable and
wireless operators, announced today it has raised $CAD 7.5 million in its second
round of venture capital financing. Funds were provided by RHO Canada Ventures in
addition to follow-on investments from Skypoint Capital and Solidarity Fund QFL.

The new financing builds on Accedian Networks' continued success, driven by
innovative, market-leading service assurance solutions that help service providers
provision, manage and maintain leading-edge packet-based services over Ethernet,
IP/MPLS and 3G, 4G/WiMAX networks. The latest funding will fuel continued product
development, and to expand sales, marketing, operations and customer service
capacities in response to significant global demand.

Developed and launched over the last three years, Accedian Networks' Ethernet
Service Assurance Platform (ESAPTM) and EtherNIDTM demarcation units are now
deployed by service providers worldwide to establish and monitor premium-grade
wireless backhaul, business access and multi-carrier network services. The
products' unique in-service testing and monitoring capabilities reduce operational
and capital expenditures, and enable end-to-end Service Level Agreements (SLAs) and
standards-based Operations, Administrative and Maintenance (OAM) capabilities over
any network.

Complementing the financing, Antoine Paquin, a Partner at RHO Canada Ventures has
been recently elected to Accedian Networks' board of directors. "Funding Accedian
Networks is a strategic investment in a company with exceptional performance, a
focused and talented management team, and a proven product line that has established
them as a key player in the rapidly growing Ethernet services and high-speed
wireless communications market. Together, these factors form a compelling market
opportunity for RHO Canada Ventures," explained Mr. Paquin.

"With this renewed financing, our investment partners have reinforced their support
for our company, and our distinctive product strategy and vision," said Patrick
Ostiguy, founding President and CEO of Accedian Networks. "Our solutions'
industry-unique functionality, including the multi-vendor SLA-MeterTM and in-service
performance testing have enabled and accelerated revenue generating services for our
customers. With this latest funding in place, we will continue to strengthen our
position as a leading vendor and innovator of packet performance assurance

Accedian Networks will be demonstrating their product line at the upcoming Comptel
Spring Convention & Expo, February 24-27, in Nashville, TN. Patrick Ostiguy is an
invited speaker at the upcoming Light Reading Wireless Backhaul Strategies
Conference in Atlanta, GA.

About Accedian Networks

Accedian Networks is a leading provider of Packet Performance AssuranceTM solutions
that enable wireless operators, service providers and cable MSOs to deliver
carrier-grade, packet-based applications including VoIP, IPTV, video-conferencing
and transparent LAN services over Ethernet, IP/MPLS, and wireless 3G / 4G / WiMAX

Accedian Networks' Ethernet Service Assurance Platform (ESAPTM) provides in-service
monitoring, loopback testing, remote troubleshooting, service management and network
demarcation for high-performance wireless backhaul, business services and carrier
hand-off applications.

EtherNIDTM packet assurance demarcation units allow providers to regain control of
their services by establishing end-to-end, standards-based operations,
administration and maintenance (OAM) over converged multi-technology and
multi-provider networks, while enabling value-added services backed by assured
Service Level Agreements (SLAs).

Accedian Networks is a privately held company headquartered in Montreal, Canada.
For additional information, please visit:, or call 1-866-685-8181
or +1 (514) 331-6181.

Media Contact:

Scott Sumner
VP, Marketing
Accedian Networks, Inc.

Tel: +1 (514) 331-6181 x 605
Cel: +1 (514) 295-4858


Accedian, EtherNID, MetroNID, SLA-meter, Performance Assurance Agent, PAA,
Multi-SLA, "Packet Performance Assurance", "Delivering Service Performance with
Assurance" and "Map-out the Health of your Network" are trademarks of Accedian
Networks Inc. All other trademarks quoted are property of their respective owners.

Web Site:

Contact Details: Scott Sumner
VP, Marketing
Accedian Networks, Inc.

Tel: +1 (514) 331-6181 x 605
Cel: +1 (514) 295-4858

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