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Tutela Technologies Announces Venture Capital Financing
Wednesday, June 26, 2013Company Profile | Follow Company
Vancouver, BC, June 26, 2013--(T-Net)--Tutela Technologies, a leading developer of Quality of Experience Analytics solutions for cellular providers and Wi-Fi operators, announced it has received financing from a group of prominent Canadian investors, including Yaletown Venture Partners, East Valley Ventures and Wesley Clover International.
"We are very pleased to have strong support from this veteran group of investors," said Hunter Macdonald, President of Tutela Technologies. "This financing enables us to accelerate product development, enhance our OEM partner support, and expand into additional markets."
"The surging usage of mobile data is driving mobile operators to explore new ways to meet customer demand" said Mike Satterfield, Partner with Yaletown Venture Partners. "We believe Tutela's patent pending analytics provide operators with the network visibility they require to make offloading traffic to Wi-Fi a cost-effective alternative to building additional cellular network capacity, without compromising customer experience.”
By obtaining real-time service quality metrics directly from users' mobile devices, Tutela's analytics ensure that service providers' investments in network infrastructure produce the intended improvements in customer experience. The crowdsourced view of network performance also streamlines maintenance for service providers and allows them to proactively respond to consumers having service issues. When integrated into policy management and network control systems, Tutela's analytics enable seamless traffic switching onto the best cell or access point available to a mobile user.
“Tutela's analytic solutions are unique in that they are equipped to produce a composite analysis of various networks, including cellular and Wi-Fi, in a way that is easy to visualize and interpret,” said Erik Hanssen, VP of Worldwide Sales with Green Packet. “Our connection management product integrated with Tutela's network assessment technology is addressing a challenging customer requirement and has been met with significant demand.”
About Tutela Technologies - tutelatechnologies.com
Tutela's analytic solutions allow service providers to optimize the performance of their existing networks while getting the most out of new expansions. The Tutela analytic tool suite allows network operators to leverage the power of next-generation optimization processes. By assessing network performance, identifying effective upgrade points, and facilitating the seamless use of smaller access points such as WiFi, Tutela helps users get the most out of any network deployment. Tutela is based in Victoria, BC, Canada.
About Yaletown Venture Partners - yaletown.com
Yaletown is backed by leading institutional investors and a network of successful technology entrepreneurs, executives, and angel investors. Yaletown leverages its network to seek out the most promising early stage Cleantech and IT companiesin Western Canada and the US Pacific Northwest. Founded in 2002, Yaletown's team has more than 120 years' collective experience building and financing technology companies. Yaletown is headquartered in Vancouver, with offices in Calgary and Seattle.
About East Valley Ventures - eastvalleyventures.com
East Valley was founded in 2012 by a group of individuals passionate about people, innovation and entrepreneurship. East Valley is focused on helping seed-stage ICT companies become global competitors. Through intense mentorship, leveraging of our networks of practical operating experience and seed capital, East Valley is committed to helping entrepreneurs reach their goals. East Valley is located in Atlantic Canada, with its head office in Saint John, NB.
About Wesley Clover - wesleyclover.com
Wesley Clover is a private equity and investment management firm with active interests in Information and Communication Technologies, Digital Media, Real Estate and Leisure Properties. As an angel investor in new technology start-ups, Wesley Clover has developed a unique model that leverages the many decades of experience and knowledge of a veteran management team while creating career and business opportunities for selected college and university graduates as well as experienced professionals.
About Green Packet - greenpacket.com
Green Packet prides itself as a leading developer of Next Generation mobile broadband and networking solutions. Its carrier-grade solutions and award-winning consumer devices help Telecommunications Operators open new avenues, meet new demands, and enrich lifestyles while forging new relationships. Green Packet believes in a future of limitless freedom in wireless communications and commits to meeting the needs of customers through innovative solutions.For more information contact Hunter Macdonald at hmacdonald@tutelatechnologies.com