[March 29, 2005]

Brix Scores $5 Million in Funding

BY JOHANNE TORRES

VoIP performance management and service assurance solutions provider Brix Networks announced today that the company secured a whopping $5 million in its fifth round of venture capital funding.

This latest series of financing was lead by the company’s new investor Castile Ventures, and also included long-time Brix backers Charles River Ventures, ComVentures, Fidelity Ventures, Partech International, and STAR Ventures.

Additionally, the company announced the inclusion of Nina Saberi, a partner at Castile, to Brix’s Board of Directors where she'll serve along with Tom Pincince, president and CEO of Brix Networks; Joe Chinnici, senior vice president, finance and CFO, CIENA Corporation; Rubin Gruber, founder and chairman emeritus, Sonus Networks; Rob Ketterson, managing partner, Fidelity Ventures; Alan Taffel, former vice president of marketing, UUNET Technologies (now part of MCI); and Mike Zak, partner, Charles River Ventures.

"With its compelling technology, established products, and ever expanding list of brand-name customers and partners, Brix Networks enjoys a strong position in the VoIP monitoring market and is a company on the move and building value," said Saberi.

With a total funding of approximately $60 million since the company's inception in July 1999, this new round of capital will be used, the company says, to accelerate the sales, marketing, and engineering development efforts at the VoIP management company.

"The proceeds from this latest round will help fuel our aggressive sales expansion plans, fund our increased marketing programs, and also allow us to make additional investments in our engineering and corporate infrastructure," said Pincince. "Our solutions have increasingly become vital components in the networks of leading companies around the world, and we want to be able to take full advantage of all the market opportunities before us."

The Brix System features the Brix Tri-Q Analysis that provides total VoIP service testing across signaling quality (call setup performance), delivery quality (media path network performance), and call quality (overall voice clarity and call experience).

Today’s announcement follows the company’s recent launch of TestYourVideo.com, a free, self-service, testing portal that enables users to independently measure the quality they are receiving from their interactive or streaming IP-based video services.

Brix Networks
www.brixnet.com