Apogee Networks Receives Investment From AAA Venture Capital, The INTEL 64 Fund and Broadview Ventures.Business/Technology Editors ORLANDO, Fla.--(BUSINESS WIRE)--May 23, 2000 Apogee apogee (ăp`əjē), point farthest from the earth in the orbit of a body about the earth. See apsis. The farthest point. Networks, Inc., the recognized leader in content and usage-based billing for Service Providers (SPs) and large Enterprises, today announced that it has received an investment from AAA AAA: see American Automobile Association. (Triple A) A common single-cell battery used in a myriad of electronic devices of all variety. Like its double A (AA) cousin, it provides 1.5 volts of DC power. When used in series, the voltage is multiplied. Venture Capital, the Intel 64 Fund and Broadview Ventures. Financial details were not disclosed. The Intel 64 Fund Investment in Apogee Networks was made to help support Apogee Networks' commitment to develop an advanced version of its NetCountant(TM) billing product line for Intel's new IA64 product family, beginning with the Itanium(TM) processor. NetCountant is a unique solution for capturing and "tariffing" IP and billing network traffic. Using NetCountant, enterprises can bill departments or business units for usage based on a variety of parameters including volume, distance, time of day, application and protocol. By applying these policies, organizations can better control network usage, and influence user behavior to drive out waste and ensure that network expenditures are properly aligned with business priorities. NetCountant/SP offers service providers the capability to bill customers for services based on usage and/or content. This solution allows service providers to create, construct, and deploy innovative services almost instantly by providing dynamic pricing plan creation, coupled with a flexible real-time engine and world class Network and Content mediation. The result is the ability to get to market faster, deliver more value to customers, capture greater market segment share, and increase profits. "We are pleased to receive this funding from these investors," said Pablo Tapia, founder and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Apogee Networks. "The investment capital will be used to help fund and expand our marketing and R&D efforts, including our IA64 porting work with Intel." About the Intel 64 Fund The Intel 64 Fund is a quarter billion dollar equity fund that invests in emerging technologies for next-generation servers and workstations utilizing Intel's IA-64 architecture. The Fund is coordinated by Intel with Compaq, Dell, HP, Intel, NEC (NEC Corporation, Tokyo, www.nec.com, www.necus.com) An electronics conglomerate known in the U.S. for its monitors. In Japan, it had the lion's share of the PC market until the late 1990s (see PC 98). NEC was founded in Tokyo in 1899 as Nippon Electric Company, Ltd. , and SGI (SGI, Sunnyvale, CA, www.sgi.com) A manufacturer of workstations and servers, founded in 1982 by Jim Clark. The company was founded as Silicon Graphics, Inc., but changed to its acronym in 1999. as co-investors. The Fund's other investors, managed by Morgan Stanley  To comply with Wikipedia's , the introduction of this article needs a complete rewrite. Dean Witter Dean Witter may refer to:
Bank of America (NYSE: BAC TYO: 8648 ) is the largest commercial bank in the United States in terms of deposits, and the largest company of its kind in the world. , The Boeing Company, Circuit City, Enron, Ford Motor Company, General Electric, McKessonHBOC, Morgan Stanley Dean Witter, Reuters, Sabre, SmithKline Beecham, Sumitomo Corp., SunAmerica and Telmex. For additional information about the Intel 64 Fund is available at www.intel64fund.com. About Apogee Networks Headquartered in the Silicon Valley of the Northeast, Apogee Networks, Inc. is the recognized leader in developing advanced content rating and billing platforms for Enterprise, Content Distributors, and IP Service Providers. Apogee Networks' Enterprise NetCountant product recently won Networld+Interop's Best-Of-Show Award. Other Apogee Networks investors include Fidelity Capital, Hambrecth & Quist, Oak Investments, BBVA BBVA Banco Bilbao Vizcaya Argentaria (First Bank of Spain) and several private investors. For additional information about Apogee Networks, please call 1-888/Apogeee, or email us at info@apogeenet.com, or visit us at http://www.apogeenetworks.com. |
|
||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion