New investment will help the company’s rapid expansion
Zeetta Networks, the spin-out company from the internationally renowned High Performance Networks Group of the University of Bristol, announced today a £1.25 million (~$2m) investment led by existing shareholder IP Group Plc (LSE:IPO) and new investor Breed Reply.
Vassilis Seferidis, CEO, commented: “Since the formation of our company in May 2015 we have achieved many impressive milestones including considerable revenues from our first customers and grant funding from the EU Commission through our participation in the REPLICATE lighthouse Smart City project. The investment from IP Group and Breed Reply cements the confidence of the market in our technology and our team."
Mark Reilly, Head of Technology at IP Group, commented: "We are proud to support another spin-out business from the University of Bristol. The High Performance Networks Group of the University has a strong international reputation for pioneering work in Software Defined Networking. We are pleased to help ensure that this expertise benefits a wider user base through a ground-breaking new business.”
Emanuele Angelidis, CEO of Breed Reply said “We are excited to be working with Zeetta Networks, as their Open Networking platform brings significant benefits to Smart Cities and the Internet of Things. Zeetta Networks addition to Breed Reply’s portfolio demonstrates our commitment to supporting innovative enabling technologies for the IoT.”
About Zeetta Networks
Zeetta Networks is a spin-out from the High Performance Networks Group of the University of Bristol, an internationally renowned team for their expertise in Software Defined Networking and Network Virtualization.
Zeetta breaks vendor-lock-ins using a unique Open Networking platform based on industry-standard hardware and powerful orchestration software -named NetOS®- which manages, automates and monitors the whole network while significantly reduces its costs. Zeetta sells NetOS® to service providers and enterprises to help them drive down their network’s costs while improving its scalability and flexibility.
NetOS® offers a "USB-like", plug-n-play management of different types of connected network devices and enables the construction of virtual “network slices” (i.e. separate logically-isolated sub-networks) for the deployment of B2B or B2C services such as Ultra-HD wireless video distribution, city-wide Wi-Fi, Internet of Things (IoT) and other applications.
For more information, please visit our website at www.zeetta.com
About IP Group
IP Group is a leading intellectual property commercialisation company which focuses on evolving great ideas, mainly from its partner universities, into world-changing businesses. The Group has pioneered a unique approach to developing these ideas and the resulting businesses by providing access to business building expertise, capital (through its 100%-owned FCA-authorised subsidiary IP Capital), networks, recruitment and business support. IP Group has a strong track record of success and its portfolio comprises holdings in over 90 early-stage to mature businesses across four main sectors -- Biotech, Cleantech, Healthcare and Technology. The Company is listed on the Main Market of the London Stock Exchange under the code IPO.
For more information, please visit: www.ipgroupplc.com
About Breed Reply
Breed Reply, Reply's advanced incubator, funds and supports the development of start-ups on the Internet of Things (IoT) in Europe and the USA. Based in London, with operational offices in Italy and Germany, Breed Reply supports entrepreneurs and young talent by quickly bringing new ideas to the market. This is done via three fundamental services: funding at "seed" and "early stage" level; considerable support with significant know how transfer of business, managerial and technological expertise; and, thanks to Reply's ecosystem, medium-term involvement to establish start-ups in their market. In the IoT sector, the main areas Breed Reply focuses on are fitness and wellness, healthcare, smart home, manufacturing, transportation and energy.
For more information, please visit: www.breedreply.com
Reply [MTA, STAR: REY] specialises in the design and implementation of solutions based on new communication channels and digital media. Through its network of specialist companies, Reply supports some of Europe’s leading industrial groups in Telco & Media, Industry & Services, Banks & Insurance, and Public Administration to define and develop business models, suited to the new paradigms of Big Data, Cloud Computing, Digital Media and the Internet of Things. Reply services include: Consulting, System Integration and Digital Services.
For more information, please visit: www.reply.eu
Contact for further information:
Tel. +44 (0) 7917 303 903, Company email: email@example.com
Head Office Address:
Zeetta Networks Limited, Engine Shed, Station Approach, Temple Meads, Bristol, BS1 6QH, United Kingdom