Thursday Roundup: Conterra, Aryaka, Avelacom

May 2nd, 2019 by · Leave a Comment

Three bits of news from three different corners of the infrastructure world:

Conterra Networks revealed some significant balance sheet work yesterday on several fronts. Fiera Infrastructure has acquired a piece of the company from, in part, Court Square Capital Partners. Meanwhile the company has closed on $365M of first lien and second lien debt facilities, repaying the company’s former credit agreements and positioning the company for growth. Conterra operates 11,100 route miles of metro and regional fiber, largely in the southern and western US.

Aryaka has also raised a bit of a war chest. The managed SD-WAN specialist has closed a $50M Series F round of funding led by none other than Goldman Sachs. Aryaka plans to use the funding, which brings its total so far to $184M, to quickly grow revenues, headcount, and global reach.  The world of SD-WAN continues to be a focus of investment activity, with lots of potential and many players jockeying for position.

And Avelacom has continued its expansion deeper into Asia. With a new PoP at the Stock Exchange of Thailand (SET) in Bangkok, they hope to further enhance their presence in the region. They are offering latencies of 26ms to Singapore and 39ms to Hong Kong. Financial networking specialists like Avelacom have been paying more attention to Asia lately.

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Categories: Financials · Low Latency · Metro fiber · SDN

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