Waterloo, Ont.-based Sandvine, which popped into the spotlight recently when it unveiled a study that cited the existence of 1,100 VOIP service providers, has raised US$15-million in private equity. The financing was led by Orinda, Ca.-based Newbury Ventures. The deal also includes BDC Private Equity Partners, Celtic House Venture Partners, Tech Capital Partners, and VenGrowth Capital Partners. Newbury's other Canadian investments include Meriton Networks, which won part of the BT's US$19-billion next-generation network contract; Abridean Inc. and Bridgewater Systems. Sandvine provides broadband service providers with technology to monitor network activity and deploy policies to protect and enhance traffic. Before starting Sandvine, the company's founders created Pixstream Inc., which was acquired by Cisco Systems Inc. for US$369-million in 2000.