Sandvine Gets $15M in Funding

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Sandvine Inc. said Thursday that it has secured $15 million in venture-capital financing.

Newbury Ventures led the financing round, joined by existing investors BDC Private Equity Partners, Celtic House Venture Partners Inc., Tech Capital Partners and VenGrowth Capital Partners Inc.

The company also announced two additions to its board of directors: Ken Wigglesworth, representing Newbury Ventures, and Mark Guibert, vice president of corporate marketing at Research In Motion.

Sandvine creates intelligent broadband-management solutions for broadband-service providers. The vendor rolled out its new “Network Integrity Suite” Monday.

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