BTI Systems, a Canadian software company that helps content and service providers capitalize on trends in cloud services, mobility and Internet video, said today it has secured $10 million in new funding led by Bain Capital Ventures.
The third round of funding also included existing investors BDC, Covington Capital and GrowthWorks. BTI said it has raised more than $33 million since the first quarter of 2011.
The company also unveiled its newest offering today, the BTI Intelligent Cloud Connect, which enables service providers to "overcome the performance bottlenecks created by the exponential growth of inter-data center network traffic resulting from the demand for cloud services," officials said, adding the new funding is being used to scale BTI's operations and speed up the delivery of the product.
The company has also appointed Thomas Nolette as senior vice president of global operations. Nolette previously served as vice president of operations at Crossbeam Systems.
BTI added it is also expanding its presence on the West Coast with a new office in Palo Alto, Calif.
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