OTTAWA, CANADA — BTI Systems, a global supplier of Intelligent Service Edge solutions for the delivery of high-bandwidth, multi-protocol services, today announced it had closed USD $15 million in financing. The round included new investor Export Development Canada (EDC), as well as existing investors. BTI will use the funding to expand its global position as a provider of market-differentiating packet optical network edge and access solutions.
"BTI exemplifies excellence in Canadian technology and innovation. With its cadre of international partners, we believe that BTI is poised to experience significant growth and success on the world stage. EDC is pleased to be partnering with the BTI team to facilitate their plans for further global expansion," said Jennifer Brooy, Vice-President, EDC.
BTI exemplifies excellence in Canadian technology and innovation. With its cadre of international partners, we believe that BTI is poised to experience significant growth and success on the world stage. EDC is pleased to be partnering with the BTI team to facilitate their plans for further global expansion
Over the past year BTI has delivered its next generation BTI 7000 Packet Optical Edge and BTI 700 Ethernet Access series while scaling its operations globally with a new European headquarters in Belfast Northern Ireland and Asian operations in Shanghai, China to support the company's ongoing growth.
"Our customers continue to invest in compact, energy-efficient, high service density solutions for high-definition video, wireless backhaul, and Ethernet business services," said Allan Kline, CFO, BTI Systems. "We have a strong commitment to delivering solutions that provide our customers with the highest ROI, and as a result we are seeing our customer base grow."
Source: BTI Systems