Robin Wauters currently works as a staff writer for TechCrunch and lead editor of Virtualization.com. Aside from his professional blogging activities, he’s an entrepreneur, event organizer, occasional board adviser and angel investor but most importantly an all-round startup champion. Wauters lives and works in Belgium, a tiny country in Europe. He can often be found working from his home or... ? Learn More
Qosmos, a Paris, France-based network intelligence technology company, has raised close to €20 million euros (approximately $28.5 million) in a deal that was co-led by DFJ Esprit and FSI, a French government fund.
The deal, which closed at the end of last month, is a combination of primary equity and debt and a secondary purchase of former investor Sofinnova’s stake in Qosmos. Existing shareholder Alven Capital increased its investment.
Qosmos provides visibility into real-time data transactions on networks. Its network intelligence technology, which is based on DPI or deep packet inspection technology, extracts and translates information from network traffic.
Its customers are network equipment providers, software vendors and systems integrators serving telco, security, B2B, B2C and government markets who integrate its components into solutions where real-time network intelligence is vital.
Qosmos has been self-reportedly profitable since 2009.
The company says the additional capital will support its expansion in the North America and Asia-Pacific regions as well as fund potential acquisitions.
View the original article here
This post was made using the Auto Blogging Software from WebMagnates.org This line will not appear when posts are made after activating the software to full version.
