CENX Closes $12.5 Million Investment - Business Growth Fueled by SDN and NFV Market

Ottawa, Ontario (ots/PRNewswire) -

CENX [http://cenx.com ], a global leader of Lifecycle Service
Orchestration solutions for software-defined and virtualized
networks, today announced that it has finalized new equity investment
totaling $12.5 million USD. New investors BDC Capital, Mistral
Venture Partners, and VMware joined the Series D financing round, in
which all current investors participated
[http://www.cenx.com/about/news/cenx-builds-momentum-02-24-2015.html
]: Highland Capital Partners, Mesirow Financial Private Equity Inc.,
Verizon Ventures, a subsidiary of Verizon Communications Inc. ,
Ericsson , DCM Ventures, and Cross Creek Advisors.

This investment will help accelerate CENX's global market and
portfolio expansion in addressing emerging requirements for Lifecycle
Service Orchestration (LSO) for service providers that are evolving
to Software-defined Networking (SDN) and Network Functions
Virtualization (NFV) technologies. CENX's Cortx Service Orchestrator
is an essential enabler of SDN and NFV deployments, leveraging the
power of network big data analytics for dynamic provisioning,
visualization and assurance of data services across heterogeneous
physical and virtualized networks.

Ever-growing demand for enterprise and consumer Cloud-based
applications is driving service providers to change the way they
operate their networks, and to turn to software systems that support
agile service delivery and real-time service assurance. The LSO
market is forecasted to grow at a CAGR of nearly 60%, reaching $2.7
billion by 2019, according to The Rayno Report [http://info.cenx.com/
industry-first-lifecycle-service-orchestration-market-report ],
fueled by carrier SDN and NFV markets that are increasing 50-80%
annually.

"We welcome the market, business and partnership perspectives that
VMware, BDC Capital, and Mistral bring to CENX," said Ed Ogonek,
President and CEO of CENX. "We are seeing tremendous demand worldwide
for our Cortx solution, delivering tangible value in today's networks
and empowering the evolution to virtualized networks and services
with NFV and SDN. With the support and confidence of our growing
investor group, we continue to expand our world-class team to meet
these global opportunities."

"CENX is at the forefront of the fast-rising LSO market with its
Cortx Service Orchestrator, and we are delighted to support its
continued global business growth," said Ron Warburton, Managing
Partner, IT Venture Fund, BDC Capital. "This is a great opportunity
to bring Canadian innovation to mobile, wireline, and cloud service
providers worldwide."

"CENX shares VMware's vision to deliver innovative solutions for
virtualization and cloud computing," said David Wright, Vice
President, Operations, Telco NFV Group, VMware. "With more and more
carriers moving to NFV, there is a real need for CENX's high-scale,
real-time LSO solutions to ensure high service quality end-to-end
across both physical and virtual network infrastructure. We look
forward to participating in this industry transformation."

"The Board is very pleased with CENX's business progress and, on
behalf of all the investors, we're excited to be part of its next
stage of growth," said Sean Dalton, Partner with Highland Capital
Partners, and Chairman of the CENX Board. "CENX has been building its
global footprint and organizational competencies aggressively
year-over-year, driven by strong demand for its Cortx solutions. We
see that trajectory continuing as operators transition to
next-generation data networks."

About CENX

CENX provides Lifecycle Service Orchestration solutions that
automate fulfillment and assurance of advanced data services in
software-defined networks, bridging physical and virtualized network
functions. We harness the power of real-time big data analytics and
web-scale computing technologies to dynamically fulfill, visualize,
navigate and assure data services across multi-vendor, SDN and NFV
networks. 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

About BDC Capital

A subsidiary of BDC, BDC Capital offers a full spectrum of
specialized financing and investment solutions to help Canadian
entrepreneurs achieve their full growth potential. With more than
$1.6 billion under management, BDC Capital takes a strategic, patient
approach to nurture companies' development over the long term. From
venture capital to equity to growth and transition capital, our team
of over 100 experienced, local professionals partner with
entrepreneurs to identify and meet their needs on flexible terms.
Some of the sectors in which we specialize include IT,
industrial/clean/energy technology, and healthcare. For more
information, please visit http://www.bdccapital.ca or follow us on
Twitter at @BDC_Capital.

About Mistral Venture Partners

Mistral Venture Partners is an early stage focused venture capital
firm with offices in Ottawa, Canada and Palo Alto, California. We
partner with exceptional management teams who strive to make a global
impact by leveraging unique Internet-related IP. Mistral sets itself
apart by leveraging a network of Executive Fellows who are not only
investors but also longtime operating experts who can help build
companies into global technology platforms. http://www.mistralvp.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, Cortx Service Orchestrator, Lifecycle Service Orchestration,
LSO, Cloud, data center, network functions virtualization, NFV,
software-defined networking, SDN, IP, Ethernet, big data analytics,
OSS

Follow CENX

http://www.blog.cenx.com [http://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

ots Originaltext: CENX
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