ICON has successfully advised Aria Networks on the completion of a £500K funding round with private investors. Aria Networks has developed a unique product suite called intelligent Virtual Network Topologies (iVNT) which allows telecommunications carriers to plan and optimise increasingly complex multi-service Next Generation Networks.
Telcos are increasingly focused on “convergence” – namely the ability to offer voice, broadband and television services to their customers over a single network. To do this they are already building new networks using new technologies, based mostly around Internet Protocol and commonly referred to as Next Generation Networks (NGNs). Using Aria’s intelligent network planning software, iVNT enables telcos to design, plan, optimise and operate their NGNs and the services offered to their customers.
“After reviewing our options we chose ICON to act as our corporate finance advisers because of the great depth of experience they have in the technology sector and the comfort we got that they would be dependable. They have an excellent reputation in the market and they approached our funding mandate in a pragmatic fashion. I was assured by the way Eddie was able to identify and manage the key issues during our negotiations with prospective funders, and we were very pleased with the deal that we finally struck with investors.”
Tony Fallows, CEO, Aria Networks