Wednesday, September 18, 2013

IFC (World Bank) Invests $5M in DiViNetworks

The IFC (a member of the World Bank Group) announced that it has invested $5 million in DiViNetworks (see "DiViNetworks Offers Cloud-Based Optimization Service" - here), an Israeli company that provides network operators and internet service providers (ISPs) with cloud-based broadband solutions that significantly improve data delivery while saving costs .. The majority of DiViNetworks’ clients [here, here, here, here, here, hereare located in Sub-Saharan Africa, Latin America and South East Asia, with 80 percent based in the world’s least developed countries as classified by the World Bank’s International Development Agency .. This is IFC’s first investment with an Israeli company in the technology sector".

See "IFC Invests $5 million in DiViNetworks to Optimize Broadband Data Delivery in Developing Countries" - here.

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