Solera Networks Inc., which develops software that helps track down network problems, is expected to announce on Wednesday a $7 million Series B round led by new investor Allegis Capital.
Previous investor Canopy Ventures also participated in the round. The funding follows a $5 million investment from Canopy a year ago and $3.9 million from the same investor in 2006.
Lindon, Utah-based Solera offers network forensics software, which can search and replay all network traffic to find problems and help fix them. The new funding will be used to boost sales and marketing, open a Washington office and expand Solera's Japanese operations, the company said.
Allegis managing directors Spencer Tall and Robert Ackerman will join Solera's board as part of the funding.
- Olaf de Senerpont Domis
Continue reading below
