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Financing Solutions that Fit


Nakina Systems

Founded: 2002

Employees: 60

VC to Date: About $9.5 million

"We're working with a lot of startups and getting some attention from Hewlett Packard. And within the past week, we've had onsite visits from such giants as MCI, Sprint, Bell and Horizon." – Dave Vicary, president and CEO

Nakina Systems is on the cusp of taking the next step towards becoming a global integrator of telecom networks. According to Mr. Vicary, a swarm of Tier One telecom companies are interested in what it has to offer. The company's first sale, in 2003, was with U.S. telecom giant MCI. Last October, Nakina secured $US$2.25 million in debt financing from Toronto-based MMV Financial to boost its R&D efforts and keep pace with the needs of its growing customer base.

The company's core technology is a suite of multi-vendor element management software applications. The software can be deployed either as independent, stand-alone applications or on Nakina's Open Framework platform as part of a fully integrated suite for all kinds of wireless and wireline telecom networks.

In layman's terms, a giant like Bell Canada will use four or more software systems to handle tens of thousands of elements in its network. Nakina can pull it all together under one roof and one system to lower costs and increase productivity, especially when it comes to training.

"We offer a high-quality product that can connect a number of systems into a single one," Mr. Vicary said.

Before co-founding Nakina, Mr. Vicary headed up Nortel Networks' Preside Optical R&D operation.

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