Scopus Network Technologies raise $15.5m in financing

Scopus Network Technologies have raised $15.5 million in their second round of financing.
Genesis Partners, a leading Israeli Venture Capital Fund, led the financing round with other investors including the industrialist Zohar Zisapel, and existing Scopus investors’ Koor Corporate Venture Capital, Pitango Venture Capital, Vertex Venture Capital, Formula Ventures and Catalyst Investment.
Scopus Network Technologies provides complete end-to-end system solutions for the delivery of Digital TV & Data over broadband networks. Its intelligent MPEG-2 and DVB video distribution architecture enables professional broadcasters to make a quick and smooth transition to digital broadcasting. Scopus anticipates an increase of close to 50 percent in 2003 revenues compared to last year sales.
Yair Shoham, General Partner at Genesis Partners who will be joining the Board of Scopus, commented: "Scopus has grown from strength to strength and has shown that a combination of outstanding leadership together with advanced technology and dedication to complete customer satisfaction is a winning combination in today's market. Scopus’ market traction worldwide is impressive and will be an asset to our investment portfolio."
(GB)