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(c) 2002 NetsEdge Research Group |
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Newsletter -- Week Ending July 12, 2002 |
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InternetAcceleration News Summary The BIG news from Seattle last week was the double whammy of F5 Networks' announcement that it is ditching EDGE-FX, their Inktomi "powered" integrated cache that they announced with much fanfare in April 2001, along with the reduction of about 40 people as it changes strategy. F5 cited the "increasing commoditization of cache appliances." I'm not sure I know what "increasing commoditization" is but considering that they had the Inktomi product in their offering for just about a year, you would think they'd have figured that out sooner. F5 said that EDGE-FX generated less than $800K in quarterly sales, meaning that Inktomi's software strategic alliance license royalty revenues are probably pretty small, putting another nail in that coffin (the strategy that is). Let's see what this week's news from San Mateo brings! In our "WHAT WERE THEY THINKING" department, Pluris' backers decided to call it a day and shut the doors. In February, Pluris announced that it had raised another $53M, adding to a total of $167 raised by November, 2000. We're thinking that with the present scandals, bankruptcies and re-organizations going on in the telecom business right now that there probably wasn't too much appetite for service providers purchasing million dollar core routers in the near future. While it is sad news for their 165 employees, things like this are a necessary step in the process of bottoming out and getting on with the recovery, or so we're told. And speaking of getting whole, Yipes Enterprise Services (formerly PHX communications) acquired the network operations and other assets of Yipes Communications (which filed for bankruptcy earlier in the year). The company also raised $40.8 million round of funding. Yipes had been able to keep their metro fiber service up and running through the reorganization. There was even more financing news last week -- Integra Telecom, a local, long distance and Internet services provider, secured $22 million from Bank of America Capital Investors, Bank of New York, Boston Ventures, CIT Group, GE Capital and Nautic Partners. Ample Communications, frames processing silicon solutions provider, received $21 million in second round funding. And Synamics secured an additional $2 million in follow-on financing bringing their total to $10 million. Synamics provides business communications solutions. Xalted Networks, developer of broadband access systems, filed for Chapter 11 as well as closed third round of funding of an undisclosed amount from Charter and Alliance -- sounds like some lease holders are getting the shove. On the product front, application security provider Ingrian Networks introduced new security capabilities for corporate users accessing Web-based Outlook e-mail. Mirapoint announced its multimedia messaging platform built on the Mirapoint Message Server and KnowNow, an XML messaging software provider, debuted their KnowNow Application Connector for Excel integration Southern California-based software/service provider Cognitive, launched VelociNET pay-per-use load balancing services for small and medium-sized Web hosting firms. Kagoor Networks, a voice over IP (VoIP) traffic management products provider, announced a VoIP demarcation solution bridging enterprise to carrier networks. Silverback Systems introduced iSNAP, a family of storage network access processors. Resonate Central Dispatch, a LAN-based software traffic management product from Resonate, received IBM ServerProven status ensuring the product runs reliably on IBM servers. In last week's issue of Network Computing, contributing editor Peter Morrissey wrote an interesting review of Sockeye's GlobalRoute 2.0 for managed routing services. From the sound of it, he actually took the time to figure out how GlobalRoute actually works -- pretty refreshing approach. In partnership news, EMC has formed a new storage consulting group, Information Solutions Consulting, developed through a 5-year agreement with Accenture. CBS and RealNetworks have partnered to provide 24/7 live video streaming from 'Big Brother 3.' Akamai and Technidata, a Mexican-based reseller, have partnered to power Mexico's premiere technical university's distance learning initiative. And, Curl announced partnering with eighteen system integrators including Dataskill, Imisys, Meiga Innovation Oy and others. Meanwhile in the personnel area, ORMvision, provider of hosted applications for the telecom industry, named Robert Fillmore as CEO. Harland LaVigne was named president and CEO of Lancope, an intrusion detection systems appliance company. EMC announced the appointment of Mark Lewis as executive vice president of new ventures and chief technology officer and David Goulden as vice president of global marketing and business development. Alan Usas was selected as vice president of engineering at OneSecure. Mirror Image named Richard Buck as vice president of engineering and Spinnaker Networks appointed Kevin Nigh vice president of operations. And, New Edge Networks, a broadband services provider, promoted three members of its management team. Mark Day was named vice president of wholesale sales, Tom Mangan was appointed to vice president of WAN sales and Jeff Waddell was promoted to vice president of direct and alternate channel sales. See below for links to 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. |
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Product News |
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F5 Networks Announces
Change in Content Management Strategy, Pro Forma Third Quarter Results in
Line with Management Guidance
Silverback Systems
Debuts Storage Network Access Processors
Cognitive Launches
Pay-Per-Use Load- Balancing
"Sockeye's GlobalRoute
2.0 for Managed Routing Services," Peter Morrissey, Network
Computing (7/8/02)
Resonate Central
Dispatch Receives IBM Server Proven Status |
Kagoor Networks
Announces VoIP Demarcation Solution Bridging the Enterprise to Carrier
Networking Gap
Ingrian Networks
Delivers High-Strength Security for Remote Corporate Users to Access
Web-Based Microsoft Outlook E- Mail
Mirapoint Launches
Multimedia Messaging Platform
KnowNow Debuts Dynamic
Excel Integration |
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Agreements/Partnerships |
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EMC to Offer Open,
Platform-Independent Storage Consulting Services Through Innovative
Agreement with Accenture
CBS & RealNetworks
Bring "Big Brother 3" Live to the Internet
Akamai & Technidata
Power Distance Learning Program for Mexico's Premiere Technical University
18 System Integrators
Embrace Curl Client/Web Platform |
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Corporate News |
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Ingrian Networks
Announces New Paris Office to Support Growing French Customer Base
Integra Telecom Secures
$22 Million in Funding
$21 Million Second
Round Launches Ample Communications; Revenue Shipments Underway
Synamics Closes New
Round of Financing
Yipes Enterprise
Services Emerges as Newly Funded Company Poised for Growth
Xalted Networks Files
for Chapter 11, Gets More Funding
Pluris Ceases Business |
RealNetworks has named
Jeremy Jaech to its board of directors
Harland LaVigne was
named president and CEO of Lancope, an intrusion detection systems
appliances company
EMC announced the
appointment of Mark Lewis as executive vice president of new ventures and
chief technology officer
David Goulden has been
named EMC's executive vice president of global marketing and business
development
OneSecure, a network
security provider, has selected Alan Usas as vice president of engineering
New Edge Networks, a
business broadband services provider, has promoted three members of its
management team to vice presidents
Mirror Image, a
provider of distributed Web and content delivery services, appointed Richard
Buck as vice president of engineering
Kevin Nigh has been
appointed vice president of operations of Spinnaker Networks, a developer of
distributed storage systems
Robert Fillmore was
named chief executive officer of ORMvision |
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Customer Announcements |
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FINAMA Asset Management
Implements France's First Storage Area Network with Cisco Systems
China's Largest CDN
Provider ChinaCache Chooses Array Networks Over F5 Networks & CacheFlow
Leading Korean
Telecommunication Companies Implement Radware's Global IP Application
Switching Solution
Certas Improves Citrix
Performance By More Than 400% |
Mirapoint Powers the
UK's First Multimedia Message Storage Service
Proficient Networks
Technology Enhances Financial Services
Barewalls.com Decorates
the Web with Mirror Image Internet
Equant Relies on
Resonate Solutions to Support Managed Services
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