Minerva Networks Opens Development Center and Sales and Support Office in Europe

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Local presence helps accelerate product development and positions Minerva for success in the European IPTV market.

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To capitalize on international opportunities, we are building a strong local sales and support presence.

Minerva Networks, a leading provider of open and scalable IPTV delivery platforms, today announced that it has strengthened its development capability and international market presence with the opening of a development center in Bulgaria and a sales and support office in Italy.

The new European Development Center (Minerva EDC), located in Sofia, Bulgaria, will focus on product development and testing. The European Sales & Support Office, located in Milan, Italy, will provide sales and field support for customers located in Europe, Middle East and Africa.

"Minerva is experiencing significant interest from international operators due to the success we have enjoyed in the North American market," stated Mauro Bonomi, CEO of Minerva Networks. "To capitalize on international opportunities, we are building a strong local sales and support presence."

"Hiring talented professionals is a major challenge for fast-growing companies like Minerva. Bulgaria has a large pool of highly qualified engineers that are knowledgeable about video and multimedia technology," stated Jean-Georges Fritsch, COO of Minerva Networks. "The European Development Center will enable us to speed up our product development and better address local market requirements. We expect to scale our engineering team by over 30% by year-end."

About Minerva Networks:
Minerva Networks is the leading provider of open-platform, carrier-class solutions for the delivery of television services over broadband IP networks. More than 100 broadband network operators worldwide use Minerva's products and services to deliver next-generation entertainment and communications applications. For more information about Minerva Networks, please visit http://www.minervanetworks.com.

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Michelle Kwan
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