OTTAWA, February 24, 2015 /PRNewswire/ --
- All $ are Canadian
CENX, a global leader of Service Orchestration solutions for
software-defined networks, today announced strong growth in its
business over 2014. Key achievements for the year ended
December 31, 2014 include:
- Achieved 500% growth in global revenue with strong
profitability and cash generation
- Completed multi-million dollar deployments with two of the top
four U.S. mobile operators
- Expanded global customer base with wins in Europe and Asia
- Enhanced cloud data center offering to provide enterprise
on-demand interconnectivity
- Closed multi-million dollar deals with a global Managed
Services strategic partner
CENX's traction in the marketplace is driven by Cortx Service
Orchestrator, which has emerged as a vital component in
next-generation software-defined and virtualized networks.
The Cortx solution empowers service agility and significant
operational efficiencies in delivering a variety of differentiated
data services, such as enterprise connectivity, cloud data center
exchange, machine-to-machine, VoLTE, and 4G mobile backhaul.
These quality-assured services are instrumental for enterprises
that rely on ubiquitous, reliable data
connectivity.
To accelerate its global business growth, CENX also announced
that it has closed an additional round of financing, in which all
current investors have participated: Highland Capital
Partners, Mesirow Financial Private Equity Inc., Verizon Ventures,
a subsidiary of Verizon Communications Inc (NYSE, NASDAQ:VZ),
Ericsson (NASDAQ: ERIC), DCM Ventures, and Cross Creek
Advisors.
"CENX's success is evidence of the tangible business value we
deliver to our customers, and we're excited about our future global
prospects. We have built a strong foundation for continued
growth with Cortx Service Orchestrator," said Ed Ogonek, President and CEO of CENX. "With this
latest round of financing, our investors have given our strategy a
strong vote of confidence."
"CENX is positioned at the forefront of a high-growth market
segment that is propelled by consumer and enterprise demand for
highly agile, secure, assured broadband services, anytime and
anywhere," said Sean Dalton, Partner
with Highland Capital Partners. "CENX has a great opportunity to
transform the way those services are delivered, given its
innovative approach in leveraging network big data to optimize
network operations."
Discover the value that CENX's Cortx Service Orchestrator brings
to software-defined networks by meeting with CENX at Mobile
World Congress, March
2nd-5th.
About CENX
CENX provides Service Orchestration solutions that automate the
entire lifecycle of advanced data services in software-defined
networks. We harness the power of big data, distributed
virtualized computing and real-time analytics to dynamically
orchestrate and assure services across multiple network
technologies and providers. CENX solutions are deployed by
service providers worldwide to create new revenue streams, gain
service agility, reduce operational costs, and deliver
quality-assured data services. http://www.cenx.com
Links and search terms
http://www.cenx.com
http://www.cenx.com/about/overview.html
http://www.cenx.com/cortx-service-orchestrator/
http://www.cenx.com/about/service-orchestration.html
CENX, Service Orchestration, Cortx Service Orchestrator, M2M,
VoLTE, Ethernet services, IP Services, Carrier Ethernet,
software-defined networking, SDN, network functions virtualization,
NFV, data center, mobile backhaul, big data analytics
Follow CENX
http://www.blog.cenx.com
http://www.twitter.com/cenxinc
http://www.linkedin.com/company/cenx-inc
http://www.youtube.com/cenxinc
Hannah Whitrow, Zonic Group PR,
hwhitrow@zonicgroup.com, +44(0)1672-550126