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August 01, 2006

DiVitas Networks Gets $15 Million in Venture Capital



By Patrick Barnard
TMCnet Assignment Editor


Mountain View, Calif.-based DiVitas Networks, a provider of seamless, unified mobility solutions for enterprise networks, has reportedly raised $15 million in venture capital, provided by lead investor Menlo Ventures and existing investor Clearstone Venture Partners.

The company has raised $23 million since it was founded in April 2005. According to a press release, DiVitas will use the funding to bolster its sales, marketing, customer support and engineering teams.

DiVitas is reportedly developing a new class of enterprise appliance that provides seamless voice and data mobility over disparate networks using a combination of WiFi (News - Alert), the Internet, and dual-mode phones. The company claims this appliance provides full mobility while giving enterprises complete control of the system.

The DeVitas solution enables seamless WiFi-cellular handoff and extends enterprise security, management, and cost control to mobile communications. End users are assured of their presence and participation in business operations, irrespective of the underlying network, whether it is cellular, WiFi, Internet/IP WAN, or wireline.

In addition to the new round of financing, John Jarve, managing director of Menlo Ventures, has joined the DiVitas board of directors.

“Menlo Ventures has been following cellular/WiFi convergence for a long time and tracking a number of companies in that space,” Jarve said in the press release. “We could not find any company with a winning strategy.”

He added: “We’ve invested in DiVitas because of its unique enterprise-centric approach that allows enterprises to gain control of mobility. Another reason we feel so strongly about the company is that it has a great management team.”

“As a lead investor in SpectraLink and Ascend Communications, John brings to the DiVitas board a deep understanding of wireless and communication technologies,” said Vivek Khuller, CEO of DiVitas. “He’s incredibly smart and well-informed and is one of the savviest investors in early-stage technology companies. At DiVitas we are disrupting the world of mobile communications, and the backing of John and Menlo Ventures is a validation of our strategy, our team, and our market.”

For more information about DiVitas, visit http://www.divitas.com.

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Patrick Barnard is Associate Editor for TMCnet and a columnist covering the telecom industry. To see more of his articles, please visit Patrick Barnard’s columnist page.

 

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