Movik raises $8.5M from Highland Capital Partners and North Bridge Venture Partners. The company was founded in 2006 as Lyra Networks Inc. The innovative Movik Content-Aware Mobile Edge solution addresses the fundamental and difficult challenge of scaling the RAN and mobile core CapEx/OpEx in a cost-effective fashion in response to explosive growth in data traffic, while meeting the performance expectations of a growing subscriber base.
Movik Networks is headquartered near Boston, MA and has an R&D group in Bangalore, India. The company is focused on delivering purpose-built solutions that bring content and application awareness to the edge of the mobile network. Movik is led by a seasoned management team with a proven track record of delivering products to carriers.
Ramji Raghavan, the founder and former CTO of Bedford-based Coriolis Networks Inc., co-founded Movik with his former partner and co-founder at Coriolis, Surya Kumar Kovvali, who is Movik’s vice president of technology.
The Rainmakers:
Ramji Raghavan
Founder / CEO
Prior to founding Movik, Ramji was the General Manager of the Transport Business Unit of Telsima, where he ran a multi-site organization developing and marketing Ethernet transport and IPTV/WiMax backhaul products. Prior to Telsima, Ramji was the Founder and CTO of Coriolis Networks, where he set the technical vision and product strategy for the company. In his roles at Telsima and Coriolis, he drove several business development and marketing activities and was instrumental in securing partnerships with tier-1 MNCs, multiple tier-1 carrier wins and building a market presence in U.S, Europe, India and Japan. Prior to co-founding Coriolis, Ramji was a group leader in the High Performance Networking Group of Digital/Cabletron, where he directed software development of the GigaSwitch ATM/IP switch team. Previously, he held technical leadership positions in Motorola. Ramji holds a Bachelor of Technology degree from the Indian Institute of Technology, Madras, and an MS from University of Massachusetts, Amherst, MA.
John Calcio
Founder/VP of Business Development
Before joining Movik, John was the VP of Business Development and Strategy at Ellacoya Networks, a leading vendor of Deep Packet Inspection (DPI) technology for wire-line and wireless service providers which was recently acquired by Arbor Networks. At Ellacoya, John established and managed all the channel relationships and was instrumental in partnerships with Nokia/Siemens and Alcatel/Lucent. Prior to Ellacoya, John held Director of Business Development roles at Siemens Network Convergence and Juniper Networks (through the acquisition of Unisphere), where he planned, executed and implemented strategic partnerships for these next generation network equipment companies. John holds an MBA from Dartmouth College, as well as an MS and BS in Electrical Engineering from Worcester Polytechnic Institute.
Sean Dalton is a General Partner focusing on breakthrough opportunities in mobile technologies, semiconductors and advanced materials. He currently represents Highland on the boards of CHiL Semiconductor, Innovative Silicon, MokaFive, Movik Networks, QD Vision, Starent Networks (Nasdaq: STAR), Tatara Systems and Zoove and also actively works with ANDA Networks. Sean is a former director of AccessLan Communications (acquired by Advanced Fibre Communications), Altiga Networks (acquired by Cisco), Casero (acquired by Radialpoint), CCTV Wireless (acquired by TerreStar), Covergence (acquired by Acme Packet), Envoy Networks (acquired by Texas Instruments), Ocular Networks (acquired by Tellabs), Optasite (acquired by SBA Communications), P.A. Semi (acquired by Apple), Telcobuy.com (merged with World Wide Technology) and Telica (acquired by Lucent). The prestigious Forbes Midas List has recognized Sean as one of the top venture capitalists in the industry.
Tel: +1 (781) 861-5500
Fax: +1 (781) 861-5499
sdalton@hcp.com
Background
Prior to joining Highland, Sean was a Venture Associate at Fidelity Capital focusing on investments in communications and electronic commerce. Before Fidelity, Sean worked as a Product Manager - Internet Services for GTE where he developed remote access and other network services for ISPs and large business customers. While at GTE, Sean led the nation's first ADSL trial for Internet access.
Education
University of Delaware, B.S., Electrical Engineering
University of Pennsylvania, M.S., Electrical Engineering
Harvard Business School, M.B.A.
Interests
Sean enjoys skiing and lake sports. He's also a long-suffering Philadelphia sports fan. More practically, he holds an interest in national politics and old home restoration. Sean lives in a Boston suburb with his wife and four children.
3 comments:
Good to see that the old playbook still works when we see our first proof of life coming out of a recession: We buy tech. It's a simple, knee-jerk formula: We buy cyclical tech -- Hewlett-Packard (HPQ) , Intel (INTC) , Microsoft (MSFT) , Broadcom (BRCM) , Seagate (STX) , Western Digital (WDC) , Cree (CREE) , Oracle (ORCL) , Cypress Semi (CY) . The usual suspects. We circle back to the nonsecular growers and momentarily abandon Amazon (AMZN) , Apple (AAPL) and Google.
Can we just stop the negativity for a second and realize that Bank of America (BAC - commentary - Trade Now) priced $19 billion worth of stock and people are making money on the deal? I mean, come on! Isn't that amazing?Can we just stop the negativity for a second
The Treasury Deaprtment expects to recover all but $42 billion of the $370 billion it has lent to ailing companies since the financial crisis began last year, according to a new Treasury report.The Treasury Deaprtment expects to recover all but $42 billion of the $370 billion it has lent to ailing companies since the financial crisis began last year, according to a new Treasury report.The Treasury Deaprtment expects to recover all but $42 billion of the $370 billion it has lent to ailing companies since the financial crisis began last year, according to a new Treasury report.
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