Azanda Network Devices Expands Sales Channels in the Asian Market Through Partnership with MetaTech Limited.Business Editors/High-Tech Writers International IC Conference & Exhibition SUNNYVALE, Calif.--(BUSINESS WIRE)--Feb. 26, 2003 Azanda Network Devices -- Sales and distribution partnership will target the Chinese and Pacific Rim chip market -- MetaTech to display Azanda's products at upcoming International IC Conference & Exhibition Azanda Network Devices, an innovator in the development of silicon products for managing the way traffic is processed in core, edge and access networks, today announced that it is continuing to increase its presence in the Asian markets by entering a strategic relationship with Asian distribution specialist MetaTech. With 16 offices in eight countries, MetaTech will leverage its strong customer relationships in Taiwan, Hong Kong Hong Kong (hŏng kŏng), Mandarin Xianggang, special administrative region of China, formerly a British crown colony (2005 est. pop. 6,899,000), land area 422 sq mi (1,092 sq km), adjacent to Guangdong prov. , China, Singapore, Malaysia, Thailand and the Philippines to sell and distribute Azanda's complete line of products, including the Scimitar(TM) and Saber(TM) traffic management product families. This strategic agreement further extends Azanda's presence in the innovative and expanding Asia/Pacific Rim market. The Asian telecommunications Communicating information, including data, text, pictures, voice and video over long distance. See communications. market is thriving, with an increasing focus being placed on the region as network system companies seek to meet growing demands for a variety of technologically advanced traffic management technologies. Azanda and MetaTech are combining forces to supply the region with best-of-breed traffic management solutions for high-speed optical networking Communications between computers, telephones and other electronic devices using light. An optical network is far more reliable and has far greater potential transmission capacity than networking in the electrical domain. See optical fiber. . "Asia represents a potentially large opportunity of business for Azanda and in particular China has shown maturation maturation /mat·u·ra·tion/ (mach-u-ra´shun) 1. the process of becoming mature. 2. attainment of emotional and intellectual maturity. 3. in self-generated technology products and associated demand," said Tom Griffin Tom Griffin is the name of multiple people:
"We specialize spe·cial·ize v. 1. To limit one's profession to a particular specialty or subject area for study, research, or treatment. 2. To adapt to a particular function or environment. in providing our customers with innovative technologies for solving their application and design issues and are very happy to be partnering with Azanda at this exciting time of growth in Asia," said Louis Xu, managing director of the Greater China Group for MetaTech. "Cost efficiency, in combination with low power consumption are incredibly important to our customers and Azanda's easily integrated, wire-speed traffic manager products deliver precisely the type of capabilities our customers seek. Combining our local presence in the region and Azanda's unique technology should prove to be a very beneficial strategic partnership for both of our companies." Azanda's traffic management technology delivers fine-grained traffic policing, scheduling and shaping to meet network OEMs' development efforts for reducing overall system cost while incorporating multiple service technologies into a single platform. The open architecture of Azanda's platform provides OEMs with the flexibility to augment aug·ment v. aug·ment·ed, aug·ment·ing, aug·ments v.tr. 1. To make (something already developed or well under way) greater, as in size, extent, or quantity: network processor capabilities and meet demands for wire speed performance by enabling them to integrate their existing infrastructure and take advantage of new technologies as they develop. Interested parties can learn more about Azanda's Saber and Scimitar product families from MetaTech representatives at the International IC Conference & Exhibition in Shanghai on March 3-4 and in Shenzhen on March 10-11, 2003. About the Companies MetaTech, Ltd. MetaTech (www.metatech.com.hk) is one of Asia's leading distributors dedicated to electronic components. Operating in the Asia/Pacific Rim, MetaTech has representatives in 16 offices in eight countries, including Taiwan, Hong Kong, China, Singapore, Malaysia, Thailand, and Philippines, as well as a US Liaison Office. With a focus on products such as semiconductor components and connecting devices Connecting devices allow hardware devices to communicate with each other. The most popular example of connecting devices nowadays is wireless connections. Wireless devices transfer and receive information through infrared or radio waves. , MetaTech offers a range of services including e-commerce and local language data sheets. Azanda Network Devices Azanda Network Devices is an innovator in the development of silicon products for managing the way traffic is processed in core, edge and access networks. Azanda's high-performance silicon products help OEMs leverage their existing investments in systems and accelerate their product time to market. Azanda's investors include Bessemer Venture Partners Bessemer Venture Partners is a private venture capital firm with offices in Silicon Valley, New York, Massachusetts, China, and India. It has backed such companies as Ciena, Flarion, Parametric Technologies, Skype, Staples, VeriSign and Veritas. , China Development Industrial Bank, Commonwealth Capital Ventures, Dresdner Kleinwort Dresdner Kleinwort (DKIB) is the investment bank of Dresdner Bank AG, part of Allianz since July 2001. Headquartered in London and Frankfurt and with an international network including offices in the financial centres of New York and Tokyo, Dresdner Kleinwort provides a wide range Capital, Goldman Sachs The Goldman Sachs Group, Inc., or simply Goldman Sachs (NYSE: GS) is one of the world's largest global investment banks. Goldman Sachs was founded in 1869, and is headquartered in the Lower Manhattan area of New York City at 85 Broad Street. , Highland Capital Partners Highland Capital Partners is a global venture capital firm with offices located in Boston, Silicon Valley, Geneva, and Shanghai. Since its inception in 1988, the firm has invested in more than 180 early and growth stage companies and taken a sector-focused approach to investing in , Newbury Ventures and Parker Price Venture Capital. Additional information on Azanda can be found at http://www.azanda.com, or by contacting company headquarters in Sunnyvale, Calif., at 408/720-3100. |
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