BDC Capital

BDC Capital Inc. is the private equity and venture capital arm of the Business Development Bank of Canada, established in 1975 and headquartered in Montreal. The firm specializes in direct investments and fund of funds, focusing on a broad spectrum of financing options including venture capital, growth equity, and mezzanine investments. It primarily targets small and medium-sized enterprises across various sectors, including healthcare, information technology, and clean technology. BDC Capital is particularly interested in early-stage and development technology companies, as well as women-led firms. The firm typically invests between CAD 0.1 million and CAD 35 million, often taking minority stakes and seeking board representation in its investee companies. BDC Capital emphasizes a strong presence across Canada, with particular attention to regions such as Quebec, Ontario, and British Columbia, and it employs various exit strategies, including initial public offerings and strategic sales. With a history of investing in over 400 companies, BDC Capital aims to foster the growth of innovative businesses and contribute to the economic development of the Canadian landscape.

Dinar Ahmed

Principal

Phil Anzarut

Partner, Co-Investment Fund

Daniel Armali

Analyst, Healthcare Venture Fund

Réjean Asselin

Assistant Vice President, Portfolio Management - Growth and Transition Capital

Dominique Bélanger

Managing Partner, Co-Investments

Amine Benmoussa

Principal

Disha Bhargav

Associate Director, Fund Investment

Jeremy Billan

Partner, Growth Equity Partners

Tony Bommel

Senior Managing Partner

Ela Borenstein

Vice President, Venture Capital Incentivized Programs

Cheri Corbett

Director

Kristina D'Amico

Director, Fund Investments

Kyle Feucht

Managing Director, Growth and Transition Capital

Ajay Gopal

Associate Director

Saif Hashmi

Principal, Seed Fund and IT Venture Fund

Vivian Kan

Partner

Karim Kennedy

Director - Cleantech Practice

Leonard Kofman

Partner, Intellectual Property-Backed Financing

Siddartha Krishnan

Principal

Lily Lam

Director, Fund Investments

Larry Lam

Partner, ICE Technology Venture Fund

Charles Lespérance

Partner

Sandy Li

Associate

Mark Lunick

Senior Director, Growth and Transition Capital

Dion Madsen

Senior Managing Partner

Benoît Mignacco

Vice President, Portfolio Management Growth and Transition Capital

Simon Mills

Director, Growth and Transition Capital

Claude Miron

Managing Partner - Growth Equity Partners

Anamika Mukherjee

Partner of Industrial, Clean and Energy Technology Venture Fund

Alison Nankivell

Vice President, Fund Investments and Global Scaling

Jérôme Nycz

EVP, BDC Capital

Thomas Park

BDC Capital’s Deep Tech Venture Fund Partner

Jean-Philippe Poissant

Managing Director, Growth and Transition Capital

Matt Price

Managing Director, Growth and Transition Capital

Salman Qadir

Senior Associate

Loren Rafeson

Partner

Karl Reckziegel

Senior Vice President

Joseph Regan

Managing Partner, Industrial Innovation Fund

Lally Rementilla

Managing Partner

Susan Rohac

Managing Partner, Climate Tech Fund

Paul Ryan

Senior Director

Victor Scutaru

Managing Director, Private Equity Funds Portfolio

Robert Simon

Senior Managing Partner

Matt Stanley

Director, Cleantech Practice

Stephanie Tadros

Associate Director, Fund Investments

Zoltan Tompa

Director, Cleantech Practice

Ron Warburton

Managing Partner

Ronald Warburton

Managing Partner, BDC IT Venture Fund and Seed Fund

Brian Whiteway

Senior Director, Growth and Transition Capital

Angelo Zeni

Managing Director, Growth and Transition Capital

Bharat Srinivasa

Analyst, Healthcare Venture Fund

Michelle Scarborough

Managing Director

Past deals in Telecommunications

InPho

Seed Round in 2023
Revolutionary optical data connections for the high performance cloud

Rhetorik

Debt Financing in 2023
Rhetorik Ltd. is a direct marketing agency based in Wokingham, United Kingdom, specializing in the information technology (IT) and telecommunications sectors. Founded in 1994, the company provides comprehensive intelligence and databases that include contact information for senior management and enterprise users across Europe, particularly in the UK and Republic of Ireland. Its flagship product, the NetFinder database, offers access to over one million business and government contacts, facilitating targeted lead generation and improved marketing performance for clients. Rhetorik also maintains strategic alliances with prominent companies, enhancing its service offerings. As a member of the European Market Intelligence Group, Rhetorik delivers research-verified data and insights that help marketing and sales professionals effectively deploy ICT products and services.

Bonsai Micro

Seed Round in 2023
Bonsai Micro is a fabless semiconductor company that specializes in developing advanced network infrastructure for next-generation wireless networks. The company focuses on creating innovative wireless technology that enhances performance and energy efficiency. By leveraging expertise in radio frequency, millimeter-wave, mixed-signal, and machine-learning design techniques, Bonsai Micro provides solutions that help clients optimize their wireless networks.

Kepler

Series C in 2023
Kepler Communications Inc. specializes in satellite communications by designing, developing, and operating satellite infrastructure for space-based connectivity. The company focuses on creating a network of Low-Earth Orbit satellites that facilitate communication for various applications, including connecting space stations and devices. Its offerings include PolarConnect, which allows organizations in extreme environments to maintain global connectivity, and the Global Data Service, a high-bandwidth solution for transferring large data files from remote locations to the internet. Kepler is also developing everywhereIOT, a solution aimed at providing reliable, low-power connectivity for Internet of Things devices worldwide. Established in 2015 and headquartered in Toronto, Canada, Kepler serves diverse industries such as maritime, natural resources, research, defense, and logistics, positioning itself as a leader in addressing connectivity challenges in both terrestrial and space environments.

WeTraq

Seed Round in 2022
WeTraq is a health-tech company focused on enhancing the lives of seniors and their caregivers through innovative AI-powered assistive technology. By leveraging real-time mobility data, WeTraq's patent-pending software enables seniors to maintain their independence while facilitating their engagement in the community. This technology provides caregivers with meaningful insights, ensuring they remain connected and receive notifications during critical events. The company aims to alleviate the challenges faced by caregivers by streamlining their responsibilities and improving the overall quality of life for seniors. Through its commitment to transforming senior care, WeTraq seeks to create a safer and more compassionate environment for both seniors and their families.

Symend

Series C in 2022
Symend Inc. is a company that specializes in debt recovery solutions through its innovative software platform. Established in 2016 and headquartered in Calgary, Canada, with additional offices in Toronto and Denver, Symend focuses on enhancing the debt collection process by utilizing automation, predictive analytics, and behavioral science. The platform aims to minimize debt delinquency while ensuring a positive experience for all stakeholders. It offers tools for treatment planning, campaign management, and self-service options, allowing businesses in sectors such as financial services, telecommunications, and utilities to engage customers effectively. By creating personalized interactions, Symend empowers individuals to manage their debts through flexible repayment options, ultimately fostering better financial outcomes and strengthening customer relationships.

Expeto

Convertible Note in 2021
Expeto is a pioneering developer of a Private Mobile Networking (PMN) platform that enables enterprises to extend both public and private mobile networks into a secure corporate wide area network (WAN). This innovative platform allows businesses to maintain control over their data and devices while providing a comprehensive solution for managing connected operations. Unlike traditional hardware-dependent systems, Expeto's software is designed for easy installation and management behind firewalls, in the cloud, at the edge, or on-premises. Offered as a service, it simplifies deployment and management, making it comparable to Wi-Fi networks. The platform supports enterprises in coordinating all aspects of their operations, from logistics to analytics, facilitating the deployment of connected devices globally within a secure private network.

Dejero

Venture Round in 2021
Dejero is a company that focuses on providing reliable video and networking solutions to ensure uninterrupted internet connectivity for critical communications. Founded in 2008 and headquartered in Waterloo, Ontario, Dejero utilizes intelligent network aggregation technology to combine various telecommunication networks, including 4G/5G cellular, satellite, and fixed broadband. This approach results in a software-defined "network of networks" that enhances reliability, expands coverage, and increases bandwidth for its global clientele. Dejero specializes in routers and network blending software, enabling the transport of live and recorded video from cameras over multiple connections. This capability allows clients to broadcast live events and share feeds from remote locations, facilitating effective online collaboration and secure data exchange.

Symend

Series B in 2021
Symend Inc. is a company that specializes in debt recovery solutions through its innovative software platform. Established in 2016 and headquartered in Calgary, Canada, with additional offices in Toronto and Denver, Symend focuses on enhancing the debt collection process by utilizing automation, predictive analytics, and behavioral science. The platform aims to minimize debt delinquency while ensuring a positive experience for all stakeholders. It offers tools for treatment planning, campaign management, and self-service options, allowing businesses in sectors such as financial services, telecommunications, and utilities to engage customers effectively. By creating personalized interactions, Symend empowers individuals to manage their debts through flexible repayment options, ultimately fostering better financial outcomes and strengthening customer relationships.

Userful

Venture Round in 2021
Userful Corporation, founded in 1999 and headquartered in Calgary, Canada, specializes in desktop virtualization and multi-station Linux computing. The company's offerings include the Userful MultiSeat Linux, which transforms a single Linux computer into multiple independent workstations, and Userful Desktop, a comprehensive public computing solution that allows for effective management of personal computers. Additionally, Userful provides Userful Manager for centralized workstation control and Userful Pre-Book, a system for reserving computer time in various settings including libraries and schools. The company serves a diverse range of clients, including libraries, internet cafes, military, healthcare facilities, and government organizations, leveraging a global network of partners and resellers. Userful has established a strategic partnership with ViewSonic Corp and operates additional offices in San Ramon, California; Vitry Sur Seine, France; and Dubai, United Arab Emirates. The company's solutions are designed to enhance operational efficiency and are deployed in over 100 countries, supporting various industries with advanced AV applications and management capabilities.

Adaptiv Networks

Venture Round in 2019
Adaptiv Networks, Inc. specializes in cloud connectivity solutions that facilitate digital business transformation. The company provides software-defined wide-area networks (SD-WAN) which enable simultaneous voice, data, and video transmission over a unified infrastructure. Its offerings include features such as automatic site failover, multi-link aggregation, and cloud-based management, designed to ensure reliability and agility for businesses that rely on cloud services. Adaptiv Networks also offers SD-INTERNET, enhancing network productivity for various sectors including retail, manufacturing, and digital small-to-medium-sized enterprises. Established in 2002 and headquartered in Mississauga, Canada, the company collaborates with partners like Future Link Communications and Access One, Inc. to deliver managed SD-WAN services, aiming to simplify digital transformation for organizations of all sizes.

Dialogue Health Technologies

Seed Round in 2017
Dialogue Health Technologies operates a comprehensive virtual care platform that provides employee wellness and health solutions for Canadian employers. Founded in 2016 and based in Montreal, the company offers a variety of services aimed at enhancing employee engagement and health. Its platform allows employees to interact with healthcare professionals, including nurses and doctors, for support in physical and mental health. Additionally, the platform facilitates care navigation, medication delivery, and referrals to specialists. By empowering employees to take charge of their health, Dialogue Health Technologies helps businesses create a healthier workforce, leading to increased productivity and overall employee satisfaction.

Axonify

Venture Round in 2016
Axonify Inc. is a Canadian company that specializes in providing an eLearning platform designed for corporate training. Founded in 2011 and headquartered in Waterloo, Canada, Axonify offers a web-based platform that delivers bite-sized, personalized, and gamified learning experiences. The platform employs principles of microlearning and interval reinforcement to enhance employee training in various sectors, including retail, finance, and telecommunications. By integrating these learning methods into the everyday workflow, Axonify aims to address knowledge retention issues and foster behavioral changes that lead to improved business outcomes. The company has established strategic partnerships to further enhance its offerings and effectiveness in corporate learning environments.

DERYtelecom

Venture Round in 2016
DERYtelecom Inc. is a telecommunications company based in La Baie, Quebec, specializing in cable distribution and a hybrid fiber network. Founded in 1954, the company offers a range of services, including Internet access, website hosting, and phone services, which have been deployed across most of its territories. DERYtelecom focuses on optimizing and expanding its cable network while also providing mobile, television, and ADSL services, catering to the communication needs of its customers in the Saguenay region.

CENX

Series D in 2015
Cenx, Inc. is a provider of service orchestration solutions for mobile, wireline, cable, and cloud data center service providers, operating in Canada and internationally. Founded in 2009 and based in Ottawa, Cenx specializes in software that automates the lifecycle management of data services across various network infrastructures, including network functions virtualization and software-defined networking. Its flagship product, the Cortx Service Orchestrator, streamlines processes such as ordering, provisioning, monitoring, and assuring data connectivity services. Cenx's offerings encompass mobile backhaul, enterprise connectivity, and cloud exchange, among others. The company also provides professional services, including data audits, cloud-based automated access ordering, installation, integration, and training, along with technical support for product-related inquiries and software maintenance. Additionally, Cenx plays a crucial role in the development of Carrier Ethernet standards, having received recognition for its innovation in the industry. The company serves tier 1 service providers and has operations in Canada, the United Kingdom, and Hong Kong.

Axonify

Venture Round in 2015
Axonify Inc. is a Canadian company that specializes in providing an eLearning platform designed for corporate training. Founded in 2011 and headquartered in Waterloo, Canada, Axonify offers a web-based platform that delivers bite-sized, personalized, and gamified learning experiences. The platform employs principles of microlearning and interval reinforcement to enhance employee training in various sectors, including retail, finance, and telecommunications. By integrating these learning methods into the everyday workflow, Axonify aims to address knowledge retention issues and foster behavioral changes that lead to improved business outcomes. The company has established strategic partnerships to further enhance its offerings and effectiveness in corporate learning environments.

Ranovus

Series B in 2014
Ranovus is a provider of advanced interconnect solutions for data centers and communications networks, focusing on multi-terabit capabilities. Founded in 2012 and headquartered in Ottawa, Ontario, the company develops optoelectronics components and transceiver subsystems that utilize Quantum Dot Multi-Wavelength Laser technology in conjunction with digital and photonics integrated circuit technologies. This innovative approach aims to establish new industry standards for power efficiency, compactness, and cost-effectiveness in optical interconnect solutions, addressing the growing demands of the telecommunications sector for enhanced connectivity alternatives.

BLINQ Networks

Series B in 2014
BLINQ Networks Inc. specializes in non-line-of-sight (NLOS) wireless backhaul solutions designed for outdoor small cell networks. The company offers a range of products, including the X-1200, a dual-band point-to-multipoint adaptive wireless backhaul system that supports both licensed and unlicensed bands, and the X-100, a point-to-multipoint wireless bridge for carrier-grade service in NLOS environments. Additionally, BLINQ provides NodeB backhaul systems that facilitate high-capacity Ethernet links with network timing and quality of service features, along with last mile fiber and microwave extension solutions. Founded in 2008 and based in Plano, Texas, BLINQ Networks was previously known as Velocity Acquisition, Inc. and operates as a subsidiary of Communication Components Inc. The company's experienced management team, with a strong background in wireless technologies, aims to address the growing demand for capacity in mobile internet services.

BTI Systems

Series D in 2014
BTI Systems Inc. is a company that specializes in developing and marketing cloud and metro networking software and systems for carriers, colocation, content, and service providers, as well as cloud infrastructure companies globally. Its product offerings include the BTI Intelligent Cloud Connect platforms for cloud service delivery, high-bandwidth Packet Optical Transport network infrastructure for various metro and regional services, and Access and Aggregation Platforms for carrier Ethernet business services and mobile backhaul applications. Additionally, BTI provides Ethernet Access Platforms to extend services to customer premises and control software for centralized network management. Founded in 2000 and based in Kanata, Canada, BTI also offers professional services such as network planning, systems engineering, and installation. The company serves over 380 customers worldwide and operates regional sales, marketing, and research and development centers internationally. BTI Systems is a subsidiary of Juniper Networks, as of January 2016.

Axonify

Venture Round in 2014
Axonify Inc. is a Canadian company that specializes in providing an eLearning platform designed for corporate training. Founded in 2011 and headquartered in Waterloo, Canada, Axonify offers a web-based platform that delivers bite-sized, personalized, and gamified learning experiences. The platform employs principles of microlearning and interval reinforcement to enhance employee training in various sectors, including retail, finance, and telecommunications. By integrating these learning methods into the everyday workflow, Axonify aims to address knowledge retention issues and foster behavioral changes that lead to improved business outcomes. The company has established strategic partnerships to further enhance its offerings and effectiveness in corporate learning environments.

Ranovus

Series A in 2013
Ranovus is a provider of advanced interconnect solutions for data centers and communications networks, focusing on multi-terabit capabilities. Founded in 2012 and headquartered in Ottawa, Ontario, the company develops optoelectronics components and transceiver subsystems that utilize Quantum Dot Multi-Wavelength Laser technology in conjunction with digital and photonics integrated circuit technologies. This innovative approach aims to establish new industry standards for power efficiency, compactness, and cost-effectiveness in optical interconnect solutions, addressing the growing demands of the telecommunications sector for enhanced connectivity alternatives.

BLINQ Networks

Series B in 2012
BLINQ Networks Inc. specializes in non-line-of-sight (NLOS) wireless backhaul solutions designed for outdoor small cell networks. The company offers a range of products, including the X-1200, a dual-band point-to-multipoint adaptive wireless backhaul system that supports both licensed and unlicensed bands, and the X-100, a point-to-multipoint wireless bridge for carrier-grade service in NLOS environments. Additionally, BLINQ provides NodeB backhaul systems that facilitate high-capacity Ethernet links with network timing and quality of service features, along with last mile fiber and microwave extension solutions. Founded in 2008 and based in Plano, Texas, BLINQ Networks was previously known as Velocity Acquisition, Inc. and operates as a subsidiary of Communication Components Inc. The company's experienced management team, with a strong background in wireless technologies, aims to address the growing demand for capacity in mobile internet services.

NewPace Technology Development

Debt Financing in 2011
NewPace has developed a RCS (Rich Communication Suite) service that can be operated by a mobile operator or through NewPace’s cloud facilities. rcsConnect operates inside a mobile operator’s network either as an IMS Application Server or as a stand-alone application server (pre-IMS), and rcsCloudConnect is a service operated by NewPace on behalf of operators who are billed on a monthly basis for active users of the service. A leader in mobile messaging technology, NewPace has a wealth of knowledge on integrating into existing networks including for billing and provisioning systems. With a continuous product roadmap, NewPace clients are provided with RCS 5.0 features at no or low cost (depending on the service activated).

CML Versatel

Venture Round in 2011
CML Versatel develops communications systems.

BLINQ Networks

Series A in 2011
BLINQ Networks Inc. specializes in non-line-of-sight (NLOS) wireless backhaul solutions designed for outdoor small cell networks. The company offers a range of products, including the X-1200, a dual-band point-to-multipoint adaptive wireless backhaul system that supports both licensed and unlicensed bands, and the X-100, a point-to-multipoint wireless bridge for carrier-grade service in NLOS environments. Additionally, BLINQ provides NodeB backhaul systems that facilitate high-capacity Ethernet links with network timing and quality of service features, along with last mile fiber and microwave extension solutions. Founded in 2008 and based in Plano, Texas, BLINQ Networks was previously known as Velocity Acquisition, Inc. and operates as a subsidiary of Communication Components Inc. The company's experienced management team, with a strong background in wireless technologies, aims to address the growing demand for capacity in mobile internet services.

Neuralitic Systems

Series C in 2011
Neuralitic Systems specializes in mobile data intelligence technology, assisting mobile service operators in analyzing user behaviors that impact data service adoption. By identifying and understanding emerging trends, the company enables its clients to enhance decision-making processes related to subscriber acquisition, conversion, and retention. This approach helps operators dynamically adapt to user habits, ultimately fostering revenue growth from data services.

Vantrix

Venture Round in 2010
Vantrix specializes in the optimization and delivery of digital content over wireless or wired networks to connected devices striving for the best performance, highest quality and most cost-effective solutions available. With a heritage in video and image optimization, Vantrix has developed a high-performance, scalable platform to meet the unique needs of service providers today and into the future. Vantrix solutions are deployed in more than 65 networks worldwide. Vantrix Corporation was formerly known as VoiceAge Networks Corporation. The company was founded in 2004 and is headquartered in Montreal, Canada with additional offices in London, Dubai, the United Arab Emirates and Hong Kong.

OneChip Photonics

Series A in 2009
OneChip Photonics builds optical transceiver chips for mass applications. They have developed the only integrated fiber to the home transceiver, aiming to lower costs and increase performance.

Wavesat

Venture Round in 2009
Wavesat specializes in mobile broadband, providing advanced semiconductor solutions to the world's leading carrier and mobile device manufacturers to deploy future-proof broadband services and products. With award winning technology and the industry's first WiMAX Forum Certifiedtm CPE design; Wavesat delivers silicon that enables customers to deploy multiple broadband wireless technologies such as WiMAX Wave2, WiFi, and XG-PHS today and to migrate seamlessly to future 4G technologies such as LTE. Wavesat's technology leadership resides in an intelligent, multimode 4G architecture and cost effective platforms that combine software and reference designs with superior technical support to provide highly integrated, power efficient broadband solutions. Mobile device manufacturers can maximize investment, reduce development time and risk and accelerate time-to-market with Wavesat's industry-leading performance, integration, size and power management.

Sutus

Venture Round in 2008
Sutus provides small business communication and IT services. Target clients are businesses with 3 to 25 employees. The company works with Windows, Mac and Linux operating systems as well as integrating with applications such as Microsoft Outlook, Entourage and Apple Mail. Features include network infrastructure, file and data sharing capabilities, collaboration tools and fully integrated telephone handsets.

Neuralitic Systems

Series A in 2008
Neuralitic Systems specializes in mobile data intelligence technology, assisting mobile service operators in analyzing user behaviors that impact data service adoption. By identifying and understanding emerging trends, the company enables its clients to enhance decision-making processes related to subscriber acquisition, conversion, and retention. This approach helps operators dynamically adapt to user habits, ultimately fostering revenue growth from data services.

NewStep Networks

Series C in 2008
NewStep Networks, Inc. provides service convergence and fixed-mobile convergence software solutions. The company offers FlexConnect solutions that bring the benefits of service convergence to mobile, office, and home phones; and Enterprise Mobility solutions, which feature one button transfer, single number service, automatic reconnect, single voicemail, and voicemail intercept. It also offers Total Mobility solutions that feature FlexConnect Solution and Enterprise Mobility Solutions, and add features designed for enterprise environments. Its customers include enterprises, service providers, equipment makers, system integrators, and business and consumer users. The company was formerly known as Rev D Networks, Inc. and changed its name to NewStep Networks, Inc. in November 2003. The company was founded in 2003 and is headquartered in Toronto, Canada with additional Offices in Canada, the United States, Europe, and Asia. As of June 8, 2009, NewStep Networks, Inc. operates as a subsidiary of Natural Convergence, Inc.

Zeugma Systems

Series B in 2007
Zeugma Systems is a privately held telecommunications equipment supplier delivering open solutions that accelerate new service deployment for broadband service providers of all types. The Zeugma Services Node, a service delivery router (SDR), uniquely combines massive compute resources with next-generation capacity, service awareness, and subscriber awareness in a carrier-grade, fully redundant system. The result is a new class of equipment that enables service providers to: Rapidly prototype and launch new revenue-generating services and network behaviors, Identify and monitor session flows on a highly granular per-subscriber, per-service basis, Manage individual session flows in order to enforce policy-based quality of service (QOS), Develop applications, such as targeted ad insertion, that add value to individual session flows, Reduce the number and types of edge devices required to deliver high-value services while performing, standard broadband aggregation and subscriber management functions.

Bluestreak Technology

Series D in 2007
Bluestreak Technology, Inc. is a developer of media applications and software solutions for over-the-top and managed video services across various connected devices, including televisions, set-top boxes, smartphones, and tablets. Its flagship products include the MachBlue platform, which enables content owners and network operators to deliver video services, and MachBlue Smart Runtime Classic, designed for creating experiences using Adobe Flash applications. The company also offers MachBlue Studio, an application testing environment that aids in debugging and optimizing applications. Additionally, Bluestreak Technology provides a range of features for digital set-top boxes, such as user interfaces, electronic program guides, video on demand, and live event broadcasting. Founded in 2002 and headquartered in Montreal, Canada, Bluestreak Technology serves a diverse clientele that includes major industry players like Alcatel, Ericsson, and Samsung. The company operates as a subsidiary of Espial Group, Inc.

Vantrix

Series B in 2007
Vantrix specializes in the optimization and delivery of digital content over wireless or wired networks to connected devices striving for the best performance, highest quality and most cost-effective solutions available. With a heritage in video and image optimization, Vantrix has developed a high-performance, scalable platform to meet the unique needs of service providers today and into the future. Vantrix solutions are deployed in more than 65 networks worldwide. Vantrix Corporation was formerly known as VoiceAge Networks Corporation. The company was founded in 2004 and is headquartered in Montreal, Canada with additional offices in London, Dubai, the United Arab Emirates and Hong Kong.

BTI Systems

Series D in 2007
BTI Systems Inc. is a company that specializes in developing and marketing cloud and metro networking software and systems for carriers, colocation, content, and service providers, as well as cloud infrastructure companies globally. Its product offerings include the BTI Intelligent Cloud Connect platforms for cloud service delivery, high-bandwidth Packet Optical Transport network infrastructure for various metro and regional services, and Access and Aggregation Platforms for carrier Ethernet business services and mobile backhaul applications. Additionally, BTI provides Ethernet Access Platforms to extend services to customer premises and control software for centralized network management. Founded in 2000 and based in Kanata, Canada, BTI also offers professional services such as network planning, systems engineering, and installation. The company serves over 380 customers worldwide and operates regional sales, marketing, and research and development centers internationally. BTI Systems is a subsidiary of Juniper Networks, as of January 2016.

Gridpoint Systems

Series A in 2007
Gridpoint Systems specializes in connection-oriented carrier Ethernet solutions focused on traffic engineering and management. The company's offerings enable partners and service providers to effectively plan, provision, and protect Ethernet service and transport networks. Key products include the 3400 intelligent node, which serves as an edge service concentration solution for carrier Ethernet service delivery, and the value management suite, a modular software suite tailored for traffic engineering. Additionally, the Ethernet path computation module is a portable application that facilitates the scaling of multi-vendor, multi-technology, and multi-domain Ethernet networks. Gridpoint's planning and fulfillment applications are utilized by vendors in equipment, EMS/NMS, and OSS markets, ensuring that service providers can deliver scalable and resilient Ethernet service level agreements across both wireless and wireline networks.

Zeligsoft

Series B in 2007
Zeligsoft, Inc. operates as a system-centric software development environment for building multicore and multiprocessor systems. It offers Zeligsoft CE, a platform-aware software development environment addressing the specific problems facing designers of heterogeneous systems; multiprocessor software development solutions; solutions for software defined radio development; and software defined radio/software communications architecture software development tools for building software defined radios that conform to the software communications architecture. The company serves telecommunications, wireless, mobile, MSO, optical networks, carrier Ethernet, VOIP, multimedia, military and aerospace, software defined radio, command and control, signals intelligence, and satellite communications applications; and South Korea and Japan markets. Zeligsoft, Inc. was founded in 2002 and is based in Gatineau, Canada.

EQO

Series B in 2007
Like most other players in this space, EQO helps save you money on long distance calls by bridging long distance calls over cheaper IP lines. What essentially happens is that your phone an EQO server on a local number, which transfers your call onto cheaper data lines across the internet, and then hops back onto standard phone lines and through another local number to the callee. The call only costs you minutes from your phone plan and the data cost for the VOIP line which runs 95-98% less than standard calling rates. Callers will store value for phone calls in EQO credits. However, calling another EQO user is free.

Sirific Wireless

Series C in 2007
Sirific Wireless is a semiconductor company, designs and develops CMOS RF HEDGE transceivers for wireless communications market. The company offers monolithic multi-mode wireless design and digital direct conversion products; Harmony-direct upconversion transmitters; and NEXUS products, NexusRD. Its NEXUS platform combines HSDPA, WCDMA, EDGE, GPRS, and GSM with available on-chip receive diversity to deliver transceivers for multi-mode and multi-band wireless applications. The company has locations in Waterloo, Canada; Richardson, Texas; and Seoul, Korea. Sirific Wireless Limited was founded in 2000 and is headquartered in Richardson, Texas with additional offices in the United States, Canada, and Korea.

Mobidia Technology

Series A in 2007
Mobidia Technology, Inc. specializes in mobile app and network usage data solutions, offering insights that help businesses track competitors and optimize their services. Founded in 2004 and based in Richmond, Canada, the company provides a comprehensive analytics platform that delivers real usage data worldwide. By analyzing trends in mobile and Wi-Fi data, Mobidia enables companies to enhance their advertising strategies, refine data plans, and improve over-the-top service offerings. The firm's popular My Data Manager application assists smartphone users in managing their data consumption, leading to cost savings on mobile plans while also supporting mobile operators in increasing revenue and reducing operational costs. As of 2015, Mobidia operates as a subsidiary of App Annie Limited.

FirstHand Technologies

Venture Round in 2007
FirstHand Technologies is a technology pioneer with specific expertise in Session Initiation Protocol (SIP). By embedding or bundling SIPquest SIP-based software products with their own products, telecom and datacom equipment vendors are able to take advantage of the growing demand for VoIP services and capabilities. IP Telephony is the superset encompassing more than just VoIP. SIPquest's application and component suite also includes IP-based audio conferencing, video conferencing, data conferencing, application sharing, instant messaging, presence, a multimedia collaboration agent, voice mail, auto attendant, a SIP to H.323 signaling converter, an extensible SIP server and mobile WiFi roaming and collaboration capabilities. SIPquest is committed to expanding the use of SIP technologies through an exclusive licensing agreement with Columbia University's Internet Real-Time Lab and Professor Henning Schulzrinne, Chief Scientific Advisor to SIPquest and co-author of SIP. Located in Ottawa, Canada, SIPquest has the most complete and advanced suite of Session Initiation Protocol (SIP) software modules and components on the market.

OneChip Photonics

Seed Round in 2007
OneChip Photonics builds optical transceiver chips for mass applications. They have developed the only integrated fiber to the home transceiver, aiming to lower costs and increase performance.

Wavesat

Venture Round in 2006
Wavesat specializes in mobile broadband, providing advanced semiconductor solutions to the world's leading carrier and mobile device manufacturers to deploy future-proof broadband services and products. With award winning technology and the industry's first WiMAX Forum Certifiedtm CPE design; Wavesat delivers silicon that enables customers to deploy multiple broadband wireless technologies such as WiMAX Wave2, WiFi, and XG-PHS today and to migrate seamlessly to future 4G technologies such as LTE. Wavesat's technology leadership resides in an intelligent, multimode 4G architecture and cost effective platforms that combine software and reference designs with superior technical support to provide highly integrated, power efficient broadband solutions. Mobile device manufacturers can maximize investment, reduce development time and risk and accelerate time-to-market with Wavesat's industry-leading performance, integration, size and power management.

NewStep Networks

Series B in 2006
NewStep Networks, Inc. provides service convergence and fixed-mobile convergence software solutions. The company offers FlexConnect solutions that bring the benefits of service convergence to mobile, office, and home phones; and Enterprise Mobility solutions, which feature one button transfer, single number service, automatic reconnect, single voicemail, and voicemail intercept. It also offers Total Mobility solutions that feature FlexConnect Solution and Enterprise Mobility Solutions, and add features designed for enterprise environments. Its customers include enterprises, service providers, equipment makers, system integrators, and business and consumer users. The company was formerly known as Rev D Networks, Inc. and changed its name to NewStep Networks, Inc. in November 2003. The company was founded in 2003 and is headquartered in Toronto, Canada with additional Offices in Canada, the United States, Europe, and Asia. As of June 8, 2009, NewStep Networks, Inc. operates as a subsidiary of Natural Convergence, Inc.

Bluestreak Technology

Series C in 2006
Bluestreak Technology, Inc. is a developer of media applications and software solutions for over-the-top and managed video services across various connected devices, including televisions, set-top boxes, smartphones, and tablets. Its flagship products include the MachBlue platform, which enables content owners and network operators to deliver video services, and MachBlue Smart Runtime Classic, designed for creating experiences using Adobe Flash applications. The company also offers MachBlue Studio, an application testing environment that aids in debugging and optimizing applications. Additionally, Bluestreak Technology provides a range of features for digital set-top boxes, such as user interfaces, electronic program guides, video on demand, and live event broadcasting. Founded in 2002 and headquartered in Montreal, Canada, Bluestreak Technology serves a diverse clientele that includes major industry players like Alcatel, Ericsson, and Samsung. The company operates as a subsidiary of Espial Group, Inc.

FirstHand Technologies

Series C in 2006
FirstHand Technologies is a technology pioneer with specific expertise in Session Initiation Protocol (SIP). By embedding or bundling SIPquest SIP-based software products with their own products, telecom and datacom equipment vendors are able to take advantage of the growing demand for VoIP services and capabilities. IP Telephony is the superset encompassing more than just VoIP. SIPquest's application and component suite also includes IP-based audio conferencing, video conferencing, data conferencing, application sharing, instant messaging, presence, a multimedia collaboration agent, voice mail, auto attendant, a SIP to H.323 signaling converter, an extensible SIP server and mobile WiFi roaming and collaboration capabilities. SIPquest is committed to expanding the use of SIP technologies through an exclusive licensing agreement with Columbia University's Internet Real-Time Lab and Professor Henning Schulzrinne, Chief Scientific Advisor to SIPquest and co-author of SIP. Located in Ottawa, Canada, SIPquest has the most complete and advanced suite of Session Initiation Protocol (SIP) software modules and components on the market.

Zeugma Systems

Series A in 2006
Zeugma Systems is a privately held telecommunications equipment supplier delivering open solutions that accelerate new service deployment for broadband service providers of all types. The Zeugma Services Node, a service delivery router (SDR), uniquely combines massive compute resources with next-generation capacity, service awareness, and subscriber awareness in a carrier-grade, fully redundant system. The result is a new class of equipment that enables service providers to: Rapidly prototype and launch new revenue-generating services and network behaviors, Identify and monitor session flows on a highly granular per-subscriber, per-service basis, Manage individual session flows in order to enforce policy-based quality of service (QOS), Develop applications, such as targeted ad insertion, that add value to individual session flows, Reduce the number and types of edge devices required to deliver high-value services while performing, standard broadband aggregation and subscriber management functions.

Hexago

Series A in 2006
Hexago provides IPv6 deployment solutions to the government and defense agencies and contractors, Internet and telecommunications operators, manufacturers, and researchers. Its products include Gateway6, an Internet appliance that allows deployment of IPv6 products and services over the existing IPv4 network infrastructure; and Gateway6 Mobile, which delivers dual-stack connectivity to the mobile users without relying on dual PDP contexts. The company also provides product related consulting services.

Galazar Networks

Series C in 2006
Galazar Networks Inc. designs, develops, and supplies system semiconductors and software solutions. It focuses on Ethernet, DS1/E1, DS3/E3, and SONET/SDH/OTN solutions for carrier grade Ethernet and multi-service line cards.

Metconnex

Venture Round in 2006
Metconnex develops integrated optical modules for optical networks. The company offers products such as wave switching modules for wavelength division multiplexing (WDM) networks. It was founded in 2002 and is based in Ottawa, Canada.

BTI Systems

Series C in 2006
BTI Systems Inc. is a company that specializes in developing and marketing cloud and metro networking software and systems for carriers, colocation, content, and service providers, as well as cloud infrastructure companies globally. Its product offerings include the BTI Intelligent Cloud Connect platforms for cloud service delivery, high-bandwidth Packet Optical Transport network infrastructure for various metro and regional services, and Access and Aggregation Platforms for carrier Ethernet business services and mobile backhaul applications. Additionally, BTI provides Ethernet Access Platforms to extend services to customer premises and control software for centralized network management. Founded in 2000 and based in Kanata, Canada, BTI also offers professional services such as network planning, systems engineering, and installation. The company serves over 380 customers worldwide and operates regional sales, marketing, and research and development centers internationally. BTI Systems is a subsidiary of Juniper Networks, as of January 2016.

EQO

Series A in 2006
Like most other players in this space, EQO helps save you money on long distance calls by bridging long distance calls over cheaper IP lines. What essentially happens is that your phone an EQO server on a local number, which transfers your call onto cheaper data lines across the internet, and then hops back onto standard phone lines and through another local number to the callee. The call only costs you minutes from your phone plan and the data cost for the VOIP line which runs 95-98% less than standard calling rates. Callers will store value for phone calls in EQO credits. However, calling another EQO user is free.

Paraxip Technologies

Venture Round in 2006
Paraxip develops and markets connectivity products that empower the rapid and cost effective deployment of IP Telephony in the contact center and in the enterprise. Paraxip's flagship software product, NetBorder, leverages standard computing platforms to provide smart connectivity to sophisticated telephony applications. The patent-pending NetBorder architecture reduces deployment costs and allows IP Telephony solutions in the enterprise to seamlessly extend their reach to numerous external devices and networks.

Mobidia Technology

Series A in 2005
Mobidia Technology, Inc. specializes in mobile app and network usage data solutions, offering insights that help businesses track competitors and optimize their services. Founded in 2004 and based in Richmond, Canada, the company provides a comprehensive analytics platform that delivers real usage data worldwide. By analyzing trends in mobile and Wi-Fi data, Mobidia enables companies to enhance their advertising strategies, refine data plans, and improve over-the-top service offerings. The firm's popular My Data Manager application assists smartphone users in managing their data consumption, leading to cost savings on mobile plans while also supporting mobile operators in increasing revenue and reducing operational costs. As of 2015, Mobidia operates as a subsidiary of App Annie Limited.

AppLogic Networks

Venture Round in 2005
Sandvine is focused on protecting and improving the quality of experience on the Internet. Our award-winning network equipment and solutions help cable, DSL, FTTx, fixed wireless and mobile operators better serve their subscribers and understand network trends; offer new services; mitigate malicious traffic; manage network congestion; and deliver QoS-prioritized multimedia services. With customers in more than 70 countries serving over a hundred million broadband and wireless subscribers, Sandvine is enhancing the Internet experience worldwide.

Bluestreak Technology

Series B in 2005
Bluestreak Technology, Inc. is a developer of media applications and software solutions for over-the-top and managed video services across various connected devices, including televisions, set-top boxes, smartphones, and tablets. Its flagship products include the MachBlue platform, which enables content owners and network operators to deliver video services, and MachBlue Smart Runtime Classic, designed for creating experiences using Adobe Flash applications. The company also offers MachBlue Studio, an application testing environment that aids in debugging and optimizing applications. Additionally, Bluestreak Technology provides a range of features for digital set-top boxes, such as user interfaces, electronic program guides, video on demand, and live event broadcasting. Founded in 2002 and headquartered in Montreal, Canada, Bluestreak Technology serves a diverse clientele that includes major industry players like Alcatel, Ericsson, and Samsung. The company operates as a subsidiary of Espial Group, Inc.

Vantrix

Series A in 2005
Vantrix specializes in the optimization and delivery of digital content over wireless or wired networks to connected devices striving for the best performance, highest quality and most cost-effective solutions available. With a heritage in video and image optimization, Vantrix has developed a high-performance, scalable platform to meet the unique needs of service providers today and into the future. Vantrix solutions are deployed in more than 65 networks worldwide. Vantrix Corporation was formerly known as VoiceAge Networks Corporation. The company was founded in 2004 and is headquartered in Montreal, Canada with additional offices in London, Dubai, the United Arab Emirates and Hong Kong.

SiGe Semiconductor

Venture Round in 2005
SiGe Semiconductor, Inc. is a fabless semiconductor company that specializes in designing and manufacturing radio frequency (RF) integrated circuits and multi-chip modules for the wireless consumer electronics market. The company provides a range of products, including wireless LAN front end modules, dual band front end modules, discrete power amplifiers, WiMAX power amplifiers, GPS radio integrated circuits, GPS receivers, and Bluetooth power amplifiers. SiGe Semiconductor distributes its RF solutions through a network of distributors, catering to computing, home entertainment, and mobile device applications across regions including Asia, Europe, the Middle East, and North America.

TenXc Wireless

Series A in 2004
TenXc Wireless specializes in designing and supplying wireless access systems and antenna products for major wireless operators globally. The company focuses on manufacturing wideband bi-sector arrays, which enhance network performance, spectral efficiency, and coverage. These products also provide clients with the flexibility to target specific network hotspots and develop new networks, thereby supporting the growing demands of wireless mobility applications.

Natural Convergence

Series B in 2004
Natural Convergence, Inc. supplies hosted voice over Internet protocol (VoIP) software for service providers supporting the small business market. The company develops and markets silhouette, a VoIP hosted software for telecom carriers and service providers. It offers services ranging from customizable training, professional services, project management, starter bundle selections, and a channel program. The company serves customers in Canada, the United States, the United Kingdom, the Netherlands, and the Caribbean. Natural Convergence, Inc. was founded in 2001 and is headquartered in Ottawa, Canada.

Sirific Wireless

Series B in 2004
Sirific Wireless is a semiconductor company, designs and develops CMOS RF HEDGE transceivers for wireless communications market. The company offers monolithic multi-mode wireless design and digital direct conversion products; Harmony-direct upconversion transmitters; and NEXUS products, NexusRD. Its NEXUS platform combines HSDPA, WCDMA, EDGE, GPRS, and GSM with available on-chip receive diversity to deliver transceivers for multi-mode and multi-band wireless applications. The company has locations in Waterloo, Canada; Richardson, Texas; and Seoul, Korea. Sirific Wireless Limited was founded in 2000 and is headquartered in Richardson, Texas with additional offices in the United States, Canada, and Korea.

Atreus Systems

Series C in 2003
Atreus delivers provisioning solutions for a variety of advanced IP services for both the business and consumer markets.

NewStep Networks

Series A in 2003
NewStep Networks, Inc. provides service convergence and fixed-mobile convergence software solutions. The company offers FlexConnect solutions that bring the benefits of service convergence to mobile, office, and home phones; and Enterprise Mobility solutions, which feature one button transfer, single number service, automatic reconnect, single voicemail, and voicemail intercept. It also offers Total Mobility solutions that feature FlexConnect Solution and Enterprise Mobility Solutions, and add features designed for enterprise environments. Its customers include enterprises, service providers, equipment makers, system integrators, and business and consumer users. The company was formerly known as Rev D Networks, Inc. and changed its name to NewStep Networks, Inc. in November 2003. The company was founded in 2003 and is headquartered in Toronto, Canada with additional Offices in Canada, the United States, Europe, and Asia. As of June 8, 2009, NewStep Networks, Inc. operates as a subsidiary of Natural Convergence, Inc.

Sirific Wireless

Venture Round in 2002
Sirific Wireless is a semiconductor company, designs and develops CMOS RF HEDGE transceivers for wireless communications market. The company offers monolithic multi-mode wireless design and digital direct conversion products; Harmony-direct upconversion transmitters; and NEXUS products, NexusRD. Its NEXUS platform combines HSDPA, WCDMA, EDGE, GPRS, and GSM with available on-chip receive diversity to deliver transceivers for multi-mode and multi-band wireless applications. The company has locations in Waterloo, Canada; Richardson, Texas; and Seoul, Korea. Sirific Wireless Limited was founded in 2000 and is headquartered in Richardson, Texas with additional offices in the United States, Canada, and Korea.

Natural Convergence

Series A in 2002
Natural Convergence, Inc. supplies hosted voice over Internet protocol (VoIP) software for service providers supporting the small business market. The company develops and markets silhouette, a VoIP hosted software for telecom carriers and service providers. It offers services ranging from customizable training, professional services, project management, starter bundle selections, and a channel program. The company serves customers in Canada, the United States, the United Kingdom, the Netherlands, and the Caribbean. Natural Convergence, Inc. was founded in 2001 and is headquartered in Ottawa, Canada.

TeraXion

Venture Round in 2001
Since its inception in 2000, TeraXion designs, manufactures and markets best-in-class photonic products to selected emerging markets including high-speed fiber-optic transmission networks, fiber lasers and optical sensing applications. TeraXion’s core competencies are the heritage of more than a decade of sustained innovation through proprietary fiber Bragg grating (FBG) and laser frequency control technologies. TeraXion’s ability to transform complex technologies into manufacturable high-technology products is unmatched: its employees are devoted to innovation from R&D up to volume manufacturing. Its line of chromatic dispersion compensation solutions includes Telcordia-qualified low-loss DCMs and small form factor tunable dispersion compensators for 10 and 40 Gb/s direct detection terrestrial and submarine networks. It also offers chromatic dispersion emulators with very high levels of dispersion, used for manufacturing and R&D labs. Diversification in the industrial and aerospace/military market segments is also part of TeraXion’s strategy. Customized filtering solutions based on advanced FBG technology are used as reflectors for fiber lasers, while narrow-linewidth semiconductor laser sources are perfect for optical sensing and RF photonic links applications

Sedona Networks

Series B in 2000
Sedona Networks designs and builds innovative, multi-services access network solutions.

Wavesat

Venture Round in 1997
Wavesat specializes in mobile broadband, providing advanced semiconductor solutions to the world's leading carrier and mobile device manufacturers to deploy future-proof broadband services and products. With award winning technology and the industry's first WiMAX Forum Certifiedtm CPE design; Wavesat delivers silicon that enables customers to deploy multiple broadband wireless technologies such as WiMAX Wave2, WiFi, and XG-PHS today and to migrate seamlessly to future 4G technologies such as LTE. Wavesat's technology leadership resides in an intelligent, multimode 4G architecture and cost effective platforms that combine software and reference designs with superior technical support to provide highly integrated, power efficient broadband solutions. Mobile device manufacturers can maximize investment, reduce development time and risk and accelerate time-to-market with Wavesat's industry-leading performance, integration, size and power management.
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