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News & Press: Colorado Technology Industry

BroadHop announces new $4.25 million expansion funding round

Monday, August 17, 2009   (0 Comments)
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BroadHop announces new $4.25 million expansion funding round
Strong global demand for company’s leading policy and service management solutions drives investment from Peninsula Ventures and Boulder Ventures.


Denver, CO —August 14, 2009 — BroadHop Inc, leading global supplier of policy and service management solutions for fixed and mobile broadband networks and applications, announced today that it has closed a $4.25 million expansion funding round from Peninsula Ventures and Boulder Ventures. Already a global leader in intelligent networking infrastructure with a worldwide network of solution integration partners and company offices, BroadHop will leverage this new funding to expand its sales and support capabilities for customers around the world and capitalize on current opportunities to accelerate its growth.

"BroadHop has a proven technology platform that has achieved significant traction in the marketplace with top-tier service providers, resulting in a strong market position in this highly strategic space in emerging and developed markets," said Brian Smith, Managing Director, Peninsula Ventures. "We look forward to working with the team at BroadHop and helping them to take their business to the next level and beyond."

BroadHop's software products are deployed with major telecom service providers, enabling them to control, monetize, and personalize media-rich applications delivery over their wireline and mobile networks. BroadHop's Intelligent Network Product Suite enables network policy-based resource control, real-time charging for network services, fair use management and application quotas, and personalized subscriber services including location and identity-based delivery of content and services. With BroadHop, compelling new services can be quickly deployed and monetized on the network, including: voice, video, and data services; parental controls; business applications for SMBs; cloud computing services; and personalized location and content services.

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