BTI Systems raises $10M in funding

Date:
Monday February 25, 2013

Company Name:
BTI Systems

Company Website:
http://www.btisystems.com

Categories:
Infrastructure, Storage, Security

Deal:
Funding

Source:
http://bit.ly/ZE44rX

On the heels of a 40 percent compound annual growth rate during the past 6 years and unparalleled global demand from content and service providers, BTI Systems today announced $10 million in new growth capital. The Series C funding was led by Bain Capital Ventures and included existing investors BDC, Covington Capital and GrowthWorks. The company has raised more than $33 million since the first quarter of 2011.

With more than 350 customers globally, BTI is the software and networking leader empowering content and service providers to capitalize on trends in cloud services, mobility and Internet video. Expanding its portfolio, the company today also unveiled its newest offering, the BTI Intelligent Cloud Connect. A first-of-its-kind solution, Intelligent Cloud Connect enables content and service providers to overcome the performance bottlenecks created by the exponential growth of inter-data center network traffic resulting from the demand for cloud services. The new growth capital is being used to scale BTI's operations and accelerate the delivery of Intelligent Cloud Connect.