MONTREAL, CANADA, NXT Capital's Venture Finance Group today announced the closing of a $4.5 million venture loan to Vantrix, a leading provider of message and video bandwidth optimization solutions.
NXT Capital's Venture Finance Group today announced the closing of a $4.5 million venture loan to Vantrix, a leading provider of message and video bandwidth optimization solutions for carriers, ISPs and enterprises. Vantrix will use growth capital from the loan to fund strategic growth initiatives.
Vantrix's bandwidth optimization platforms help carriers, ISPs and enterprises reduce the network impact of increased demand for streaming video, which, according to Cisco Systems, is expected to represent more than 67% of all network traffic by 2017.
Vantrix's uniquely architected software solution allows customers to dynamically adjust video traffic to meet the constraints of their existing networks while maintaining end-user quality and also enabling opportunities to monetize the growing traffic. Vantrix is backed by Summerhill Venture Partners, Tudor Growth Equity, BDC Capital and JK&B Capital, among others.
"Vantrix is committed to developing advanced optimization technologies to help our customers adapt to and take advantage of unprecedented growth in video traffic", said Jim Knapik, Chief Executive Officer, Vantrix. "NXT Capital Venture Finance has developed a strong understanding of our business and technological vision. NXT's investment in Vantrix will help drive strong market growth with attractive terms that support our near-term profitability goals."
"We are excited to be a part of the Vantrix team," said Matt Eaton, Senior Associate, NXT Capital Venture Finance. "Vantrix's video bandwidth optimization solutions are backed by industry leading technologies that have been developed and honed through more than a decade of research and development."
About NXT Capital Venture Finance: NXT Capital Venture Finance serves entrepreneurs by providing less dilutive, more flexible forms of capital. With offices in Boston and Silicon Valley, NXT Capital Venture Finance offers senior and subordinated term loans in the $1 million to $20 million range to emerging growth companies backed by venture capital and private equity firms, particularly those in the technology and life science sectors. Target clients range from pre-revenue companies led by dedicated entrepreneurs to late-stage, proven businesses seeking more efficient growth capital. For more information, see
www.nxtcapitalvf.com.
About NXT Capital: NXT Capital provides structured financing solutions to middle-market and emerging growth companies, as well as real estate investors, through its Corporate Finance, Venture Finance and Real Estate Finance groups. Based in Chicago with offices in New York, Atlanta, Boston, Dallas, Newport Beach and Silicon Valley, NXT Capital targets senior financing opportunities up to $150 million with a hold size up to $50 million. See www.nxtcapital.com.
About Vantrix:
Vantrix meets the demands of massive mobile data growth through bandwidth optimization, deep network traffic intelligence, and granular policy enforcement technologies. We reduce network congestion caused by video, web content, and internet audio while enhancing revenue opportunities for mobile network operators worldwide. Vantrix software platforms provide operators with insight, control, and optimization capabilities that balance user experience quality with cost-effective use of network resources. Our rich heritage in mobile video and image optimization deliver high performance and adaptable solutions to meet unique operator needs.
Headquartered in Montreal, Vantrix has products deployed to more than one billion subscribers, on 75+ mobile networks and five continents. To learn more, visit www.vantrix.com.
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