PacketFabric gets USD 75m joint venture funding

PacketFabric, an innovator in fast, adjustable-on-demand connectivity for enterprise customers and a member of the NantWorks ecosystem of companies, has announced a USD 75 million joint venture investment from Digital Alpha Advisors, LLC to advance the company´s groundbreaking network offering, the company said.

PacketFabric is the next generation network service provider. Pricing is transparent, services are provisioned through the portal in minutes, and the API provides extensible automation. PacketFabric is the ideal combination of carrier network and software as a service, offering a wide range of connectivity solutions between colocation, cloud, and to business partners.

Already a provider of 100Gbps ethernet connectivity for enterprise clients in North America and Europe, PacketFabric will use the investment to further develop the technology and scale its availability rapidly across the US, as well as globally. The joint venture will serve as a catalyst for additional network architecture enhancements, creating groundbreaking customization and responsiveness features.

With this investment, Digital Alpha will be a controlling investor and has appointed Partners Rick Shrotri and Vasa Babic to the board, bringing decades of technology and telecommunications experience.

Alliant Partners acted as the exclusive financial advisor to PacketFabric for the transaction.

Digital Alpha is an investment firm focused on digital infrastructure and services required by the digital economy, with a strategic collaboration agreement with Cisco Systems, Inc. As part of this agreement, Digital Alpha has preferred access to Cisco´s pipeline of commercial opportunities requiring equity financing. Digital Alpha believes that it is the first fund focused on making private equity investments in the significant growth opportunities required to underpin the Digital Economy, including smart cities, next generation networks, and enterprise data management and communication solutions. For more information, visit http://www.digitalalpha.net.

PacketFabric is the highly scalable network as a service platform, delivering secure and scalable connectivity between any two or more points on-network. PacketFabric´s easy to use platform is built API-first, allowing customers to create and manage private networks and rapidly move their data to the Cloud. Its proprietary software defined network controller is developed in-house to provide real-time interaction with the network platform to provision new services, manage existing services, and view service statistics.