BroadHop earmarks $4.25m for expansion

BroadHop Inc., a global supplier of policy and service management solutions for fixed and mobile broadband networks and applications, has closed a $4.25-million expansion funding round from Peninsula Ventures and Boulder Ventures.

According to BroadHop, it will leverage this new funding to expand its sales and support capabilities for customers around the world and capitalize on current opportunities to accelerate its growth.

The company adds that it plans to use this new funding to build on its record of 16 consecutive profitable quarters, so it can extend and secure its leadership position in the market. BroadHop's software products are deployed with major telcos, enabling them to control, monetize, and personalize media-rich applications delivery over their wireline and mobile networks.