Atrica Raises $17 Million in the First Close of its Fourth Round of Funding.Business Editors/High-Tech Writers SANTA CLARA Santa Clara, city, Cuba Santa Clara (sän`tä klä`rä), city (1994 est. pop. 217,000), capital of Villa Clara prov., central Cuba. , Calif.--(BUSINESS WIRE)--July 14, 2003 Atrica(TM) Inc., a leading provider of optical Ethernet equipment for the rapidly expanding metro networking market segment, today announced that it has raised $17 million in the first close of its fourth round of funding. The first close includes funding from existing investors - Accel Partners, Ascend Technology Ventures, Benchmark Capital Benchmark Capital is a venture capital firm responsible for the early stage funding of some very successful startups, including eBay. In 1995, the firm invested $6.7 million in eBay, which became worth more than $5 billion by the spring of 1999 and resulted in one of Silicon , Challenge Fund, Innovacom (the venture capital subsidiary of France Telecom), Gemini Israel Fund, Investor Growth Capital, JK&B Capital, and St. Paul St. Paul as a missionary he fearlessly confronts the “perils of waters, of robbers, in the city, in the wilderness.” [N.T.: II Cor. 11:26] See : Bravery Venture Capital; and from new investors such as Intel Capital, Intel Corporation's strategic investment program. Atrica will use the fourth round investment as working capital to meet increasingly strong demand for its Optical Ethernet Systems worldwide, especially in Asia. This round of funding builds upon the $117 million Atrica has already received from industry notables such as 3Com and from global service providers such as BellSouth Corporation, Bezeq, SBC (1) (SBC Communications Inc., San Antonio, TX, www.sbc.com) A large, national telecommunications company that grew from a multitude of local and regional companies, including Southwestern Bell, Pacific Bell and Nevada Bell, into a single, unified brand by 2002. Communications, Inc. (via Aurum-SBC Ventures), Saturn Venture Partners, and Telia. "We are pleased to announce continued support from many of our existing, world-class investment partners, and we are happy to welcome Intel Capital as a new investor," said Vivek Ragavan, president 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 Atrica. "This round of funding will allow us to continue leveraging our industry-leading technology to best meet the business and technology needs of service providers worldwide." "In addition to the Intel Capital investment, Atrica will be able to benefit from Intel technology developments in opto-electronics targeted at meeting the requirements for large scale metro Ethernet A metropolitan area network (MAN) that uses a 10 Gigabit Ethernet (10GbE) backbone rather than SONET/SDH links. Ethernet offers a more economical alternative. In a Metro Ethernet network, multiprotocol label switching (MPLS) may be deployed to provide quality of service (QoS). deployments," said Mike Ricci Michael "Mike" Ricci (born 27 October, 1971 in Scarborough, Ontario) is a retired Canadian ice hockey centre. Playing career Mike Ricci was selected 4th overall by the Philadelphia Flyers in the 1990 NHL Entry Draft. , vice president, Intel Communications Group and general manager, Optical Products Group, Intel Corporation. Atrica's Optical Ethernet Systems A complete solution for Metro carriers, Atrica's suite of Carrier-class Optical Ethernet Systems is comprised of the A-2000 family of Optical Ethernet Edge Switches, the A-4000 family of Optical Ethernet Aggregation Switches, the A-8000 family of Optical Ethernet Core Switches, and the Atrica Service Platform for Ethernet Networks (ASPEN(TM)), an integrated service provisioning and management system. Unlike modified SONET/SDH platforms that attempt to retrofit technology designed primarily for voice traffic, or most Ethernet solutions that are based on enterprise-class equipment, Atrica's Carrier-class Optical Ethernet Systems were developed specifically for the service provider environment. Atrica's Optical Ethernet Systems - including 10 Gigabit Ethernet and integrated WDM (1) (Wavelength Division Multiplexing) A technology that uses multiple lasers and transmits several wavelengths of light (lambdas) simultaneously over a single optical fiber. technology - supply significantly better price/performance than SONET/SDH-based equipment. In addition, Atrica's Optical Ethernet Systems deliver Carrier-class attributes including guaranteed service level agreements (SLAs), sub-50 millisecond One thousandth of a second. See space/time and ohnosecond. (unit) millisecond - (ms) One thousandth of a second, one thousand microseconds. A long time for a modern computer. resiliency, integration with circuit switched networks, Ethernet Circuit Emulation Services (CES) for support of TDM (Time Division Multiplexing) A technology that transmits multiple signals simultaneously over a single transmission path. Each lower-speed signal is time sliced into one high-speed transmission. traffic, and point-and-click OAM&P that meets and exceeds what carriers have been accustomed to in legacy networks. About Intel Capital Intel Capital, Intel's strategic investment program, focuses on making equity investments and acquisitions to grow the Internet economy in support of Intel's strategic interests. Intel Capital invests in hardware, software, and services companies in several market segments, including computing, networking, and wireless communications. For more information, visit www.intel.com/capital. About Atrica Atrica's mission is to deliver the most cost-effective, high-performance Optical Ethernet solutions to forward thinking service providers that are building next-generation metro networks. Its revolutionary, Carrier-class Optical Ethernet Systems are designed to allow service providers to reduce costs, simplify operations, and rapidly and profitably deliver new Ethernet-based services. Privately held, Atrica is based in Santa Clara, California Santa Clara, California (IPA: /ˌsæntəˈklærə/) , founded in 1777 and incorporated in 1852, is a city in Santa Clara County, in the U.S. state of California. , with R&D facilities in Israel and business development and sales offices throughout the U.S., Europe, and Asia Pacific. The company has received a total of $117 Million in funding to date, from top tier venture capital firms Name Location Founding date Managing Partners/Directors Specialty Capital managed 5AM Ventures Menlo Park, CA; Waltham, MA 2002 John Diekman, PhD (managing partner), Scott Rocklage, PhD (managing partner), Andrew Schwab (managing partner) life sciences $200M [1] , and seven leading global service providers. For more information, visit Atrica on the Web at www.atrica.com. Atrica and ASPEN are registered trademarks and trademarks of Atrica Ireland Limited in the United States and other countries. |
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