Navtel Communications, a supplier of network test equipment secured substantial financing from two of Canada's leading venture capital firms. Financial terms were not disclosed. Navtel said it will use the funding to develop cutting edge solutions for VoIP, 3G and GMPLS. As part of the funding arrangement Jim Glover (an Investment Director at BDC Venture Capital), Peter Seeligsohn (a General Partner at VenGrowth Capital Partners Inc.) and Joseph Sutherland (a former President of Navtel) have been elected to Navtel's Board of Directors. http://www.navtelcom.com/
- Earlier this month, Navtel Communications introduced a performance benchmarking application for VoIP control, data and transport planes. Navtel's InterWatch can be used by network equipment manufacturers or service providers to measuring the scalability of a next generation converged network based on IP/MPLS standards.
