Cotendo, provider of cloud-based acceleration technologies, announced today the completion of a $17 million private funding round that will fuel the company’s “long-term growth strategy and continued technology innovation in the delivery of highly-personalized dynamic content for mobile and web applications”.
In addition, the funds will be used to continue Cotendo’s global expansion into new markets and fast growing regions around the world.
Strategic investors and new business partners Citrix Systems and Juniper Networks, through its Junos Innovation Fund, participated in this round of funding along with existing venture backers Sequoia, Benchmark and Tenaya Capital.
The synergy between the services and technologies of Citrix Systems and Cotendo blend on-premise physical and virtual appliances, content acceleration and cloud services that will accelerate and optimize delivery from the end user all the way to the enterprise over distributed networks, thereby improving end user experience from any location to any device.
The relationship between Juniper Networks and Cotendo will address the demand of service providers for technologies that will enable them to offer value added services and over-the-top services to content providers. This includes mobile carriers, large ISPs, and telecom companies that buy products to serve enterprise customers.
Cotendo will also launch and commercialize its new Mobile Acceleration Suite, and announced today the new frontier of acceleration services, ensuring fast and reliable delivery of mobile content regardless of location, device, or application.
With this funding round Cotendo will embark on a rapid sales and business development expansion in Asia-Pacific and Latin America to address the growing demand for mobile content acceleration services in places where the Smart Phone frequently replaced the PC as a primary computing and networking vehicle.
(Via TechCrunch)