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Newsletter -- Week Ending April 30, 2004

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Dear reader -- please forgive us for being a little delayed this week but we've been busy. So now that we're here, sit back and take a few minutes while we all get caught up on what's going on in our wonderful world of infrastructure…

Are You Ready For This? Being the modest people we are, we're always amazed that so many of you are willing to put up with our rants and tirades and keep coming back (bless you). So it is with some trepidation that we inform you that Peter is up and live (well, an on demand WebCast) on the front page of Cnet News (news.cnet.com) in a 15 minute interview with Editor in Chief Dan Farber talking about the Spam 2004 Report Card. 15 minutes is just enough for Peter to start to get going on Spam, but it was a chance to give an overview to our network-centric perspective of Spam. Next we're thinking of adding a (900) number for Rants-and-Tirades "On Demand."

Time for Regime Change? -- As you know, we go out of our way to tell you whenever one of our predictions comes to pass (and we cleverly have amnesia whenever one of our predictions turns out to have been off the mark, but you wouldn't respect us if we were to do otherwise). And unfortunately for Intellisync, it looks like we were dead on when we commented a few months back that it looked like their acquisition strategy over the past two years in an attempt to "own" the synchronization business is turning out to be more dysfunctional than what the company executives had anticipated. Yesterday the company put out a news release saying their quarterly revenues were going to be closer to $11M than the $13.5M to $14.5M the company had anticipated a short while ago, resulting in a net loss of four to five times what was expected. Our guess is that they can't be having too much fun right now and that this is, perhaps, only the tip of an iceberg?

Pass the Mash Potatoes -- One of us (John) went to an annual VC annual meeting shindig in a far off warm spot this past week where the overall feeling was optimistic bordering on enthusiastic. These meetings are a great place to gage the pulse of the investment community since they bring together both the venture investors and representatives of the large money funds that provide the fuel for their venture investing. With Google announcing their intentions for an IPO coming just a few days earlier, the crowd was giggly with excitement about what's in store for the next year. That's good news for all of us. Probably the best sign that things are doing well is that the main course for dinner was steak -- in the last few years many of the VC firms putting on their annual meetings had concerns about serving a main course that involved supplying sharp instruments like knives and forks to their limited partners in fear of actually arming an angry mob.

Utility Now -- although it sounds like the name of a leftist leaning newspaper from the 30's that's Veritas' new mantra for positioning its differentiation as announced by its chairman and CEO Gary Bloom at Veritas's annual user conference held this week in Las Vegas. It's always a fun event and we were glad to have had the opportunity to attend. And Veritas has had a really good year, so again the hosts are feeling upbeat. "Utility Now" is an attempt to both inspire Veritas' customers to consolidate their IT assets (thereby creating the need for high value storage virtualization) and to inspire Veritas' product development teams to unify its product lines across a central operational theme. That sounds good. But at the end of the day, you have to wonder about whether it's a position that has any differentiation to it. To carry the utility metaphor to the next level, consumers aren't really sure and don't really care if the electricity they're using was generated by a power plant in New York or somewhere up in Canada. If it's virtualization you're talking about, then how can one version be any different than another -- you end up with a distinction without a difference which may be the worst place to end up. But in any case, Utility Now passes the giggle test and, hopefully, Veritas will continue its impressive growth.

Novell CTO Emerges With Arroyo TV Networks -- If you've read our newsletter for much time you know that we admire Drew Major one of the creators of NetWare, 20 odd years ago. What is so important about the NetWare internal design (and missing from systems like Windows NT or UNIX) is that it is able to execute software at very high rates (e.g. at the rate at which packets arrive on a 500 MBit second data link) and not get swamped by system overhead. UNIX and NT are very good at multiplexing lots of different program activity but they do that by suspending one program, saving the program context (CPU registers and the like), reloading the context of another program and then restarting the suspended program. That all obviously works well at normal multiplexing rates on a PC or server, but breaks at communications or file server rates. When Drew initially did NetWare use of these low overhead techniques (many geeks would call them a continuation / state table model if they knew about them -- most still don't) were essential, remembering that his team was implementing a LAN fileserver on what was probably a 1MHz PC (roughly 3,000 times less powerful than today's PC's). To be slightly more precise, you need these techniques if you want to create a well-structured software system -- you can create a ball-of-spaghetti mess of code that was fast -- it just wouldn't be easy to debug or maintain. NetWare (and all the NetWare like systems are fast and well-structured). Everyone who has tried to make a very high-speed network appliance software system has ended up re-inventing something pretty much like NetWare. We keep gently pointing out that they have re-invented NetWare, which they typically take badly at first, and then realize that it's true and certainly nothing to be ashamed of. The interesting question is how we graduate so many Computer Scientists of one form or another who are ignorant of this important technology.

Drew has shown up as one of the principals of Arroyo TV, a company funded in part by two of the largest cable systems with a mission of delivering standards based video systems into the Cable TV business. The business proposition has two basic legs: (1) video services are poised to take off in the cable business; and (2) modern standard computer technology is good enough to implement these systems with smart software on commodity hardware. We're great fans of software solutions and we agree that video services over cable are about to break as big business. This should be fun to watch.

Funding News -- My head is hurting -- twenty one infrastructure startups raised over $200M in the last couple of weeks of April. As we said earlier, the investment community is feeling good and infrastructure companies are clearly some of the beneficiaries.

 

Date

Company

Sector

Detail

Amount
($millions)

Total
Investment
($millions)

Investors

4/30

Pulse~Link Inc.

Wideband Technology

Series D

$30.0

Mobile Telecommunications Company (MTC), National Investment Company (NIC), and Jamson Holdings

4/21

Ubicom Inc.

Wireless

Series B

$21.0

August Capital and Levensohn Venture Partners with Dado Banatao and Mostron

4/22

Meru Networks

Wireless LAN

Series B

$17.0

BlueStream Ventures, Sierra Ventures, as well Clearstone Venture Partners, NeoCarta, Evercore Ventures, BrainHeart Capital, JumpStartUp Venture Fund, Monitor Ventures and Dot Edu Ventures

4/26

Dexterra

Mobile Software

Series B

$16.0

Canaan Partners

4/26

Calient Networks

Photonic Switching

Series D

$15.0

Wall Street Technology Partners, DuPont Capital Management, Enterprise Partners Venture Capital, TeleSoft Partners and Sofinnova Ventures

4/19

Firetide Inc.

Mesh Networking

Series B

$13.6

$16.8

Menlo Ventures with HMS Ventures and individual investors

4/04

TelePacific Communications

Telecom Network Solutions

$12.0

$300.0

Affiliates of Investcorp

4/28

Fusepoint Managed Services

Managed Services

Series B

$10.0

4/26

WholeSecurity

Security

Series B

$10.0

$20.0

Parker Price Venture Capital led the round with New Enterprise Associates, Venrock Associates, and Trellis Partners

4/04

RBN Inc.

Optical Solutions

$9.5

$45.0

Allen & Buckeridge, Macquarie Technology Fund, Paecal Ventures and Redfern Photonics

4/19

MetroFi

Wireless

Series A

$9.0

$9.0

Sevin Rosen Funds, August Capital, Western Technology Investors, and private individuals

4/27

Onaro

Storage Area Networks

Series B

$7.75

Newbury Ventures and Cedar Fund

4/27

MontaVista Software

Embedded Linux Platform

$7.0

$72.0

Siemens Venture Capital, Samsung Ventures America, Infineon Ventures and China Development Industrial Bank with IBM Microelectronics, Intel Capital, Panasonic Sony, Toshiba America and Yamaha Corporation, Alloy Ventures, RRE Ventures, US Venture Partners, and WR Hambrecht + Co

4/23

Archivas

Archiving Technology

Series A

$6.0

$6.0

North Bridge Venture Partners and Polaris Venture Partners

4/22

Scalix Corporation

Email Platform

$6.0

$19.2

Mohr Davidow Ventures, Mayfield and New Enterprise Associates

4/28

FeedRoom

Broadband

Series D

$5.1

BEV Capital, Warburg Pincus, Constellation Ventures, Ridgewood Capital, Circle-T Partners and New York City Investment Fund

4/23

Lighthouse Communications

Communications

$5.0

Iowa Farm Bureau Federation, Equity Dynamics and Principal Financial Group

4/21

Trymedia Systems

Secure Digital Delivery

Series B

$3.5

Digital Home Fund and individual investors

4/22

Terrascale Technologies

I/O Software

$2.75

4/26

Global Velocity

Hardware for Security

$1.5

Edward Jones' Community Investment Partners IV

4/20

SkyCross

Wireless

$1.0

SK Telecom

 

Quarterly Results Summary -- For the second quarter in a row, we're trying out our new table format for listing corporate earnings. Your comments are welcome.

  

Calendar Quarter

Q1 2004
Revenue

Q4 2003
Revenue

Q1 2004
Profit (Loss)

Q4 2003
Profit (Loss)

Akamai

$48.4M

$45.2M

$2.9M

($2.1M)

Cisco

 

$5.7B

 

$1.3B

Blue Coat

$19.1M

$2.0M

EMC

 

$1.86B

 

$220M

Extreme Networks

$83.4M

($5.6M)

Equinix

$36.8M

$33.2M

($30.1M)

($17.7M)

F5 Networks

$36.1M

 

$3.8M

Foundry

 

$111.0M

 

$24.1M

Internap

$36.3M

$35.8M

($2.3M)

($2.6M)

Keynote

 

$9.7M

 

$9.5M

NetIQ

$66.9M

($10.6M)

NetScreen

 

$81M

 

$6.4M

Packeteer

$21.5M

$20.0M

$3.4M

$3.3M

Persistence

 

$2.1M

 

($2.7M)

Radware

$15.0M

$2.5M

SonicWALL

 

$28.6M

 

($1.3M)

TippingPoint Technologies

$2.8M

 

($3.3M)

 

Tumbleweed

 

$10.0M

 

($.7M)

Quarterly Total

$8,090.2

$1,544.5M

Percent Change

 

 

 

 

In other corporate news -- Radware, Intelligent Application Switching (IAS) solutions, has been awarded a US patent for technology incorporated into its flagship product WSD. U.S. Patent No. 6,718,359 details the method for determining network proximity and the use of it as part of load balancing decisions.

Lighthouse Communications, data communications and value-added services, completed the acquisition of Focal Solutions, LLC, and will operate under the name of LightEdge Solutions. Sybase agrees to acquire assets of Dejima, mobile access solutions using natural language interface technology.

A new industry alliance was announced - the Enterprise Grid Alliance is an open, independent and vendor-neutral community for deploying commercial applications in a grid environment. Members include: EMC, Fujitsu, Siemens Computers, HP, Intel, NEC, Network Appliance, Oracle, Sun, AMD, Ascential Software, Cassatt, Citrix, Data Synapse, Enigmatec, Force10 Networks, Novell, Optena, Paremus and Topspin. NetApp announced it will provide the key storage infrastructure and data management technology in several areas throughout the grid infrastructure.

Partnership Announcements -- Fortinet has joined the RSA Secured Partner Program enabling seamless integration of two-factor authentication with FortiGate Antivirus Firewalls. AT&T is using Internap technology to view multiple ISP and carrier networks in order to determine the best path to direct Web traffic on behalf of its hosted customers. EMC Corporation and Brocade Communications Systems announced that EMC will offer the Brocade SilkWorm 24000 Director as a member of the EMC Connectrix family of directors and switches. EMC and INS announced a set of joint professional services solutions to consolidate their e-mail and messaging infrastructure on Microsoft Exchange Server 2003. Commtouch, proprietary anti-spam solutions featuring Recurrent Pattern Detection technology, announced that the company had signed its 67th systems integration partner in North America to its Commtouch Associate Program. AlterPoint, enterprise network configuration management solutions, has joined the Alliance Program of Remedy and will integrate their DeviceAuthority Suite with Remedy's Action Request System. Tarari and Microsoft are working together to enable professional film, video and broadcast production companies to deliver video resolutions directly to the desktop. PGP Corporation has integrated Symantec AntiVirus Scan Engine into its PGP Universal product line for network-based secure messaging.

In product news -- Allot Communications, traffic management, announced the availability of NetEnforcer X02 version 5.1, enabling administrators to monitor, classify and optimize network traffic by allocating bandwidth based on business priorities. WARP Solutions, acceleration software, has expanded its SpiderCache product line with the launch of SpiderCache Reverse Proxy, designed to manage a cluster of edge-based caching servers strategically positioned across a network. Ingrian Networks released software that lets organizations securely and effectively offload all cryptographic functions from IBM DB2 databases onto Ingrian's network-based hardware appliances. Netilla Networks announced that its Netilla Security Platform has met the criteria for ICSA Labs SSL VPN Gateway Certification. ICSA Labs, an independent division of TruSecure Corporation, tests and certifies more than 90 percent of the security IT products. Greenfield Networks delivers first Ethernet switch silicon to include full IPv6, MPLS and Layer 2/3 VPNs and addresses a broad range of enterprise and metro markets. The company also announced the GH3032 reference design based on Packetry Architecture and supports all advanced features across 32 GE ports at wire speed. Internap managed VPN service enables secure VoIP, wireless networking and video conferencing leveraging Cisco VPN technology. iAnywhere's new version of M-business Anywhere adds tables support for delivering mobile web content and applications with new features including monitoring and reporting, internationalization support for global deployments. And, HyperSpace Communications, announced general availability of its network acceleration solutions for ISP market.

Customer wins -- Network Appliance announced that its enterprise customers are using over 1,000 terabytes (1 petabyte) of NetApp compliance storage, a critical milestone for the regulatory compliance storage market. Force10 Networks announced that worldwide customer deployments and revenue expanded at the fastest pace in the company's history during the first quarter, ending March 31 with increased Gigabit Ethernet and 10 Gigabit Ethernet port deployments in Europe, Asia. NTT-ME, a subsidiary of Nippon Telegraph and Telephone East Corporation, has deployed Force10 Networks' E-Series in a 10 Gigabit Ethernet core upgrade to provide new advanced services to its growing base of broadband subscribers. Rendition Networks, network configuration control solutions, announced the utilization of TrueControl to ensure compliance with regulations, and security best practices at NetIQ. Digital Sandbox, Enterprise Risk Management (ERM) solutions, has been awarded a contract to support the New Jersey Domestic Preparedness Regional Network Pilot Program. Hall & Foreman, civil engineering firm, has deployed Packeteer's Application Traffic Management system to avoid bandwidth upgrades and improve performance of applications including VoIP and video on a newly converged network. University of Texas McCombs School of Business has implemented the TippingPoint's UnityOne Intrusion Prevention System to protect their network from internal and external cyber threats. Philippines Long Distance Telephone Company (PLDT SG) has moved their primary network point-of-presence (PoP) into Equinix's Singapore Internet Business Exchange center to enhance their voice and data connectivity with the leading networks of Asia. Thailand's online game provider, AsiaSoft International Co. Ltd., has chosen Fortinet to supply a network-wide security system for its Ragnarok Online game network. Region 18 Education Service Center, Internet access to 32 school districts with over 80,000 users, purchased TippingPoint's UnityOne Intrusion Prevention Systems to protect their network from cyber threats and piracy. AOK, health insurance company in Bavaria, Germany, has deployed Blue Coat's ProxySG appliances to monitor and secure Web communications and content for 10,000 users throughout Bavaria. eMarketing Association has adopted Qurb as the organization's weapon of choice to fight spam. Venaca and EMC announced a premier technology integration for Turner Entertainment Group's Media asset management Integration Room. Veritas Software selected SQL Anywhere Studio database technology for use within a select number of storage management products.

Executives on the move -- Force10 Networks, Ethernet switch/routers, promoted Mark Cooper to vice president of sales. Decru, networked storage security, announced that former U.S. senator Sam Nunn has joined the company as strategic advisor. Former IBM executives, Linda Zider and Carl Caricari join Platform Solutions. Zider becomes vice president and general manager, Siebel Global Financial Services and Caricari as vice president of product development. Tom Spadafore appointed vice president of sales and customer care at Reconnex, hardware-based network security appliances. Sygate Technologies, enterprise endpoint security solutions, appointed Iain Kerr as senior vice president of worldwide sales. CXO Systems, Web services-based software, selected John Busa vice president of product management. Pavilion, neural network modeling to industrial applications, appoints Dave Cooper Chief Technology Officer. Peter Cohen joined Red Bend Software, online and Over-The-Air web deployment of software, as vice president of corporate marketing. Matthew Durkin named CEO at Neartek, software-based tape virtualization. AlterPoint, network configuration management solutions, named David Williams as vice president of marketing. Mike Minelli has been appointed VP of Sales for Active Reasoning, policy-based data center management software. Tidal Software, application automation, integration and management software, appointed Brian McGrath as senior vice president of worldwide sales and Tom Bernhardt as chief technology officer. Ellacoya Networks, bandwidth management solutions, appointed Benoit Legault as vice president of marketing.

Colubris Networks, intelligent wireless LAN access solutions, named Marty Falaro as vice president of enterprise and channel sales, Karen Barton as vice president of marketing and Roger Sands as vice president of enterprise development. Good Technology, wireless e-mail and messaging software for handheld devices, named Steve Manser vice president of engineering. Changes at Aruba Wireless Networks include: Pankaj Manglik, co-founder and first CEO is stepping down while Don LeBeau, former Cisco executive, becomes CEO and Michael Lin, vice president of engineering will also be leaving the company. Keith Hoskison, will be vice president of worldwide channels. Vivato, Wi-Fi systems infrastructure, named Raj Matthew as chief financial officer. Zantaz, communications management solutions, appoints Brian Walsh as vice president of services and Joan Burke vice president of human resources.

See links below for the complete text of those items mentioned above plus other news.

The InternetAcceleration newsletter and www.internetacceleration.com are produced by NetsEdge Research Group. For more information or to keep us updated, contact John Katsaros john@netsedgeonline.com.

Product News

Allot Delivers Next Generation Network Intelligence with Release of NetEnforcer v5.1
Allot Communications, traffic management, announced the availability of NetEnforcer X02 version 5.1, enabling administrators to monitor, classify and optimize network traffic by allocating bandwidth based on business priorities...more>

WARP Solutions Announces New SpiderCache Multi-Function Software
WARP Technology Holdings, acceleration software, has expanded its SpiderCache product line with the launch of SpiderCache Reverse Proxy, designed to manage a cluster of edge-based caching servers strategically positioned across a network...more>

Ingrian Announces Solution for Securing Sensitive Data in IBM Databases
Ingrian Networks released software that lets organizations securely and effectively offload all cryptographic functions from IBM DB2 databases onto Ingrian's network-based hardware appliances...more>

Netilla Security Platform Earns ICSA Labs SSL VPN Gateway Certification
Netilla Networks announced that its Netilla Security Platform has met the criteria for ICSA Labs SSL VPN Gateway Certification. ICSA Labs , an independent division of TruSecure Corporation, tests and certifies more than 90 percent of the security IT products...more>

Greenfield Networks Delivers World's Most Advanced Ethernet Switch Silicon Solution
First Ethernet switch silicon to include full IPv6, MPLS and Layer 2/3 VPNs and addresses a broad range of enterprise and metro markets...more>

Greenfield Networks Delivers Industry's First IPv6 and MPLS Gigabit Fixed Configuration Switch
Greenfield Networks' GH3032 reference design is based on Packetry Architecture and supports all advanced features across 32 GE ports at wire speed...more>

Internap Launches Managed VPN Service
Internap managed VPN service enables secure VoIP, wireless networking and video conferencing leveraging Cisco VPN technology...more>

SQL Anywhere Studio from iAnywhere Selected by Veritas Software
Veritas Software selected SQL Anywhere Studio database technology for use within a select number of storage management products...more>

iAnywhere Extends Sync and Go Web Application Support to Tablet PCs
iAnywhere's new version of M-business Anywhere adds tables support for delivering mobile web content and applications with new features including monitoring and reporting, internationalization support for global deployments...more>

HyperSpace Announces Acceleration Solution for Internet Service Providers
HyperSpace Communications, announced general availability of its network acceleration solutions for ISP market..more>

Corporate News -- Mergers / Acquisitions

Lighthouse Completes Acquisition of Focal Solutions and Announces Name Change
Lighthouse Communications, data communications and value-added services, completed the acquisition of Focal Solutions, LLC, and will operate under the name of LightEdge Solutions...more>

Sybase Unlocks Information Through Simplified access from any Communications Device
Sybase agrees to acquire assets of Dejima, mobile access solutions using natural language interface technology...more>

Corporate News -- Agreements / Partnerships

New Alliance to Drive Adoption of Grid Computing in the Enterprise
The alliance is an open, independent and vendor-neutral community for deploying commercial applications in a grid environment. Members include: EMC, Fujitsu, Siemens Computers, HP, Intel, NEC, Network Appliance, Oracle, Sun, AMD, Ascential Software, Cassatt, Citrix, Data Synapse, Enigmatec, Force10 Networks, Novell, Optena, Paremus and Topspin...more>

Network Appliance Joins Enterprise Grid Alliance
NetApp will provide the key storage infrastructure and data management technology in several areas throughout the grid infrastructure...more>

Fortinet Joins RSA Security Partner Program
Fortinet has joined the RSA Secured Partner Program enabling seamless integration of two-factor authentication with FortiGate Antivirus Firewalls...more>

EMC to Offer New Brocade Storage Area Network Director
EMC Corporation and Brocade Communications Systems announced that EMC will offer the Brocade SilkWorm 24000 Director as a member of the EMC Connectrix family of directors and switches...more>

AT&T Teams with Internap to Help Hosted Customers Manage Carrier Relationships
AT&T is using Internap technology to view multiple ISP and carrier networks in order to determine the best path to direct Web traffic on behalf of its hosted customers...more>

Commtouch Reports 67 Resellers in North America Now Offer Its Anti-Spam Solution
Commtouch, proprietary anti-spam solutions featuring Recurrent Pattern Detection technology, announced that the company had signed its 67th systems integration partner in North America to its Commtouch Associate Program...more>

AlterPoint Joins Remedy Alliance Program
AlterPoint, enterprise network configuration management solutions, has joined the Alliance Program of Remedy and will integrate their DeviceAuthority Suite with Remedy's Action Request System..more>

EMC and INS Team on Consolidation Services for Microsoft Exchange Server 2003
EMC Corporation and INS announced a set of joint professional services solutions to consolidate their e-mail and messaging infrastructure on Microsoft Exchange Server 2003...more>

Tarari Previews Hardware Acceleration to Enable Real-Time Encoding of Windows Media High-Definition Video
Tarari and Microsoft are working together to enable professional film, video and broadcast production companies to deliver video resolutions directly to the desktop...more>

PGP Corporation and Symantec to Deliver Integrated Email Security Solution for the Enterprise
PGP Corporation has integrated Symantec AntiVirus Scan Engine into its PGP Universal product line for network-based secure messaging...more>

Corporate News -- Funding News

Fusepoint Secures $10M
Fusepoint Managed Services raises $10M in second round...more>

FeedRoom Raises $5.1M
The FeedRoom, broadband marketing solutions, streaming video network, raised $5.1M in Series D financing from BEV Capital, Warburg Pincus, Constellation Ventures, Ridgewood Capital, Circle-T Partners and New York City Investment Fund...more>

Pulse~LINK Inc. Closed its Series D stock offering for more than $30 Million
Ultra Wideband technology provider, Pulse~LINK Inc., closed its Series D stock offering for more than $30 Million. The institutional private placement was led by Mobile Telecommunications Company (MTC), National Investment Company (NIC), and Jamson Holdings, and comprised of six additional publicly listed companies...more>

Onaro Secures $7.75M in a Series B Financing
Onaro, SAN control and change management, secured $7.75M Series B Preferred financing led by Newbury Ventures and Cedar Fund...more>

MontaVista Software Receives $7M
MontaVista Software, embedded Linux platform and tools supplier received $7M from Siemens Venture Capital, Samsung Ventures America, Infineon Ventures and China Development Industrial Bank with IBM Microelectronics, Intel Capital, Panasonic (Matsushita), Sony, Toshiba America and Yamaha Corporation, Alloy Ventures, RRE Ventures, US Venture Partners, and WR Hambrecht + Co. The total investment in MontaVista Software now more than $72 million...more>

Global Velocity Closes on $1.5M Investment Round
Global Velocity, St. Louis-based company offering reprogrammable hardware for Internet and Intranet security, closed a $1.5M investment with a majority of the investment provided by local investors including Edward Jones' Community Investment Partners IV...more>

Calient Networks Boosts Fourth Funding Round to $35M
Calient Networks, photonic switching systems and software, announced the second closing of its fourth financing round, raising an additional $15M from Wall Street Technology Partners, DuPont Capital Management, Enterprise Partners Venture Capital, TeleSoft Partners and Sofinnova Ventures...more>

WholeSecurity Secures $10 Million In Series B Funding
WholeSecurity, behavioral on-demand endpoint security solutions, raised an additional $10 million in Series B funding. Parker Price Venture Capital led the round with New Enterprise Associates, Venrock Associates, and Trellis Partners. WholeSecurity has now raised more than $20 million in capital...more>

Dexterra Raises $16M
Dexterra, field force automation and mobile software, raised $16M in a Series B round led by Canaan Partners...more>

Archivas Secures $6M
Archivas, scalable open-platform archiving technology, has landed $6M in Series A venture capital funding from North Bridge Venture Partners and Polaris Venture Partners...more>

Lighthouse Closes $5 Million Round of Private Equity Financing
Lighthouse Communications, Inc., data communications and value-added services, closed a new round of private equity for $5 million from the Iowa Farm Bureau Federation, Equity Dynamics and Principal Financial Group...more>

Meru Networks Secures $17 Million In New Funding
Meru Networks secured $17 million in Series B funding from leading investors BlueStream Ventures, Sierra Ventures, as well Clearstone Venture Partners, NeoCarta, Evercore Ventures, BrainHeart Capital, JumpStartUp Venture Fund, Monitor Ventures and Dot Edu Ventures...more>

Terrascale Technologies completes over-subscribed first round of financing - $2.75M
Terrascale Technologies, developer of next generation input/output (I/O) software received $2.75M in funding...more>

Scalix Closes $6M in Financing
Scalix Corporation, email platform based on Linux, secured $6M in funding from Mohr Davidow Ventures, Mayfield and New Enterprise Associates. Total investment is $19.2M...more>

Trymedia Systems announces round 'B' funding
Trymedia Systems announces $3.5M round 'B' funding led by the Intel Digital Home Fund and augmented by individual investors...more>

Ubicom Secures $21 Million in Series II Financing
Ubicom, Inc., wireless network processor and software platforms, completed a Series II financing round totaling $21 million. Led by August Capital and Levensohn Venture Partners with Dado Banatao and Mostron...more>

SkyCross Receives $1M Investment
SkyCross, wireless antenna manufacturer, received $1M investment from Korea's SK Telecom...more>

MetroFi Receives $9M
MetroFi, wireless broadband provider, received $9M in Series A financing from Sevin Rosen Funds, August Capital, Western Technology Investors, and private individuals...more>

Firetide Raises $13.6M
Firetide Inc., mesh networking company, closed its Series B financing round of $13.6M led by Menlo Ventures with HMS Ventures and individual investors. Total investment in the company is $16.8M...more>

RBN Complete Funding Round
RBN Inc, carrier-class reconfigurable optical transport solutions, completed a funding round of $9.5M from existing investors Allen & Buckeridge, Macquarie Technology Fund, Paecal Ventures and Redfern Photonics. The company has raised a total of $45 million since its inception in February 1999...more>

TelePacific Secures $12 Million Equity Investment
TelePacific Communications, telecommunications network solutions, received a $12 million equity investment led by affiliates of Investcorp. The additional investment increases the amount of equity raised by TelePacific to almost $300 million...more>

Quarterly Reports

Internap Reports Financial Results for First Quarter 2004
Internap Network Services Corporation reported results of operations for the quarter ended March 31, 2004, revenues totaled $36.3 million, an increase of 6.1% compared to the first quarter 2003 and a sequential increase from the fourth quarter of 2003. Internap's net loss was $2.3 million in the first quarter of 2004 compared to a net loss of $12.4 million in the first quarter of 2003. The Company ended the quarter with $81.9 million in cash...more>

Akamai Delivers Profitability with Record First Quarter 2004
Akamai Technologies reported revenue for the first quarter 2004 was $48.4 million, a 7 percent increase over fourth quarter 2003 revenue of $45.2 million, and a 32 percent increase over first quarter 2003 revenue of $36.6 million. Net income for the first quarter of 2004 was $2.9 million, including a charge of $2.0 million relating to early extinguishment of debt, compared to a net loss for the fourth quarter 2003 of $2.1 million and a net loss for the first quarter of 2003 of $8.6 million...more>

NetIQ Announces Third Quarter Fiscal 2004 Results
NetIQ's revenue for the third quarter of fiscal 2004 decreased 16.5% to $66.9 million, compared with $80.2 million in the same quarter of the prior year. In accordance with the terms of its license agreement with Microsoft, NetIQ received no license revenue from Microsoft in the third quarter of fiscal 2004, compared with $10.0 million received in the third quarter of fiscal 2003. Net loss was $10.6 million in the third quarter of fiscal 2004, compared with a net loss of $3.2 million or in the third quarter of fiscal 2003...more>

TippingPoint Technologies Reports Fourth Quarter and Fiscal 2004 Results
TippingPoint Technologies reported revenues of about $2.8M for the three months ended 1/31/04, an increase of 34% from the previous quarter. The company had no revenues for the quarter. Net loss for the 3 months ended 1/31/04 was $3.3M, an increase of 6% from previous quarter. For the 12 months, company reported total revenue of $5.8M The company had no revenues for the 12 months ended 1/31/03...more>

Equinix Reports Q1 2004 Results
Equinix reported revenues were $36.8 million for the first quarter ended March 31, 2004 representing a 45% increase over the same quarter last year and an 11% increase over fourth quarter of 2003. Recurring revenues, consisting of colocation, interconnection and managed services, were $34.5 million, a 43% increase over the same quarter last year and a 9% increase over fourth quarter 2003. Non-recurring revenues were $2.3 million for the quarter ended March 31, 2004, consisting of $1.6 million of professional services and installation fees and $700,000 of customer settlements...more>

EmailLabs Reports Record Revenue and Profits for Q1 2004
EmailLabs revenues increased 24 percent in Q1 2004 over Q4 2003 and 74 percent over Q1 2003. This represents the ninth consecutive quarter of record revenues for the company. Profits for Q1 2004 grew 74 percent over Q1 2003 and 12 percent over Q3 2003. No financial data was given...more>

Corporate News -- Executives on the Move

Good Technology, wireless e-mail and messaging software for handheld devices, named Steve Manser vice president of engineering...more>

Force10 Networks, Ethernet switch/routers, promoted Mark Cooper to vice president of sales...more>

Former IBM executives, Linda Zider and Carl Caricari join Platform Solutions. Zider becomes vice president and general manager, Siebel Global Financial Services and Caricari as vice president of product development...more>

Tom Spadafore appointed vice president of sales and customer care at Reconnex, hardware-based network security appliances...more>

Decru, networked storage security, announced that former U.S. senator Sam Nunn has joined the company as strategic advisor...more>

Colubris Networks, intelligent wireless LAN access solutions, named Marty Falaro as vice president of enterprise and channel sales, Karen Barton as vice president of marketing and Roger Sands as vice president of enterprise development...more>

Sygate Technologies, enterprise endpoint security solutions, appointed Iain Kerr as senior vice president of worldwide sales...more>

CXO Systems, Web services-based software, selected John Busa vice president of product management...more>

Pavilion, neural network modeling to industrial applications, appoints Dave Cooper Chief Technology Officer...more>

Changes at Aruba Wireless Networks include: Pankaj Manglik, co-founder and first CEO is stepping down while Don LeBeau, former Cisco executive, becomes CEO and Michael Lin, vice president of engineering will also be leaving the company. Keith Hoskison, will be vice president of worldwide channels...more>

Peter Cohen joins Red Bend Software as vice president of corporate marketing...more>

Matthew Durkin named CEO at Neartek, software-based tape virtualization...more>

AlterPoint names David Williams as vice president of marketing...more>

Mike Minelli has been appointed VP of Sales for Active Reasoning, policy-based data center
management software...more>

Tidal Software, application automation, integration and management software, appoints Brian McGrath as senior vice president of worldwide sales and Tom Bernhardt as chief technology officer...more>

Ellacoya Networks, bandwidth management solutions, appoints Benoit Legault as vice president of marketing...more>

Vivato, Wi-Fi systems infrastructure, named Raj Matthew as chief financial officer...more>

Zantaz, communications management solutions, appoints Brian Walsh as vice president of services and Joan Burke vice president of human resources...more>

Customer Announcements

NTT-ME deploys Force10 E-Series for 10 Gigabit Ethernet upgrade to deliver advanced voice and data services
NTT-ME, a subsidiary of Nippon Telegraph and Telephone East Corporation, has deployed Force10 Networks' E-Series in a 10 Gigabit Ethernet core upgrade to provide new advanced services to its growing base of broadband subscribers...more>

Rendition Networks Facilitates Sarbanes-Oxley and CobiT Compliance for NetIQ
Rendition Networks, network configuration control solutions, announced the utilization of TrueControl to ensure compliance with regulations, and security best practices at NetIQ...more>

Network Appliance Demonstrates Regulatory Compliance Storage Market Leadership
Network Appliance announced that its enterprise customers are using over 1,000 terabytes (1 petabyte) of NetApp compliance storage, a critical milestone for the regulatory compliance storage market...more>

Force10 Networks expands revenue and worldwide customer base at fastest pace in company history during first quarter
Force10 Networks announced that worldwide customer deployments and revenue expanded at the fastest pace in the company's history during the first quarter, ending March 31 with increased Gigabit Ethernet and 10 Gigabit Ethernet port deployments in Europe, Asia...more>

New Jersey Launches Regional Risk Management Initiative
Digital Sandbox, Enterprise Risk Management (ERM) solutions, has been awarded a contract to support the New Jersey Domestic Preparedness Regional Network Pilot Program...more>

Packeteer Visibility, Control and Compression Selected by Hall & Foreman
Hall & Foreman, civil engineering firm, has deployed Packeteer's Application Traffic Management system to avoid bandwidth upgrades and improve performance of applications including VoIP and video on a newly converged network...more>

TippingPoint's UnityOne Intrusion Prevention System Deployed at the University of Texas McCombs School of Business
University of Texas McCombs School of Business has implemented the TippingPoint's UnityOne Intrusion Prevention System to protect their network from internal and external cyber threats...more>

Philippines Long Distance Telephone Company (PLDT SG) Selects Equinix Singapore Center for Interconnection Hub
PLDT Singapore (PLDT SG) has moved their primary network point-of-presence (PoP) into Equinix's Singapore Internet Business Exchange center to enhance their voice and data connectivity with the leading networks of Asia...more>

Fortinet Enables Thailand's Largest Online Game Provider to Boost Security and Performance of "Ragnarok" Game Network
Thailand's online game provider, AsiaSoft International Co. Ltd., has chosen Fortinet to supply a network-wide security system for its Ragnarok Online game network...more>

Region 18 Education Service Center Deploys TippingPoint's UnityOne Intrusion Prevention System
Region 18 Education Service Center, Internet access to 32 school districts with over 80,000 users, purchased TippingPoint's UnityOne Intrusion Prevention Systems to protect their network from cyber threats and piracy...more>

AOK Selects Blue Coat to Secure Web Use for 10,000 Users
AOK, health insurance company in Bavaria, Germany, has deployed Blue Coat's ProxySG appliances to monitor and secure Web communications and content for 10,000 users throughout Bavaria...more>

Qurb Keeps Emarketing Association Spam-Free
eMarketing Association has adopted Qurb as the organization's weapon of choice to fight spam...more>

Venaca and EMC Supply Integrated Media Solution for Turner Entertainment Group
Venaca and EMC announced a premier technology integration for Turner Entertainment Group's Media asset management Integration Room...more>


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