Azanda Network Devices Signs Strategic Korean Distribution Agreement with MJL Technology.Business Editors/High-Tech Writers SUNNYVALE, Calif. & SEOUL, Korea--(BUSINESS WIRE)--Feb. 21, 2003 MJL MJL Much Juggalo Love To Expand Azanda's Presence in Korean Semiconductor Marketplace 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 has entered into a strategic distribution relationship with MJL Technology, a leading provider of semiconductors and IT solutions in Korea. Under the agreement, MJL will sell and distribute the full line of Azanda's products, including the Scimitar(TM) and Saber(TM) traffic management product families. The Korean telecommunications market is widely recognized as one of the most innovative in the world and is home to several major OEMs that are expanding their global telecom presence. As a result, Azanda and MJL have formed this strategic relationship to ensure their mutual presence in this burgeoning telecom market. "Our agreement with MJL is an integral component of our strategy to serve the thriving Asian market and we are pleased to be working with such a well established player in Korea," said Tom Griffin Tom Griffin is the name of multiple people:
"We serve a variety of OEM (Original Equipment Manufacturer) The rebranding of equipment and selling it. The term initially referred to the company that made the products (the "original" manufacturer), but eventually became widely used to refer to the organization that buys the products and customers, each requiring a slightly different solution to meet the requirements of their network," said Dr. James B. Lim, COO of MJL Technology. "This is why Azanda's solution fits so perfectly within our portfolio of products. Their open architecture allows us to mix and match with a variety of different network technology products and elements in order to create an overall solution that addresses the unique needs of the individual customer." 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 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. About the Companies MJL Technology, Limited Dr. Mahn-Jick Lim, 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. and President, founded MJL Technology in 1988. MJL's mission is to develop the most reliable, high technology product for the worldwide market, and to provide advanced information technology solutions to enterprise and carrier customers based on strategic partnerships and MJL's own core technologies. MJL operates three main business lines, the Information Technology Business Department, the Logic Design Business Department, and Component Business Department. Core technology is developed in the MJL R&D Center, and US based operations are run from MJL America, a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of MJL Technology. MJL is a recognized leader serving Korea's foremost enterprise customers, including Samsung, LG, Hyundai, Korea Telecom KT (formerly, Korea Telecom, Korean: 한국통신, NYSE: KT) is South Korea's top integrated wired/wireless telecommunication service provider. KT has been Korea's leader in the development of the information & communications business for the last 25 years , SK Telecom, and Hanaro Telecom Hanaro Telecom, Inc. is a Seoul-based Korean telecommunications company, one of the largest providers of high-speed broadband internet access in South Korea. The company also is one of the largest telephone companies in South Korea, one of only two companies licensed to provide , along with thousands of other customers. For more information, please visit the company web site at http://www.mjl.com. 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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