Cambio Networks receives venture funding from Adler & Company; additional financing enables further investment in product development and company growth.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)--April 15, 1997--Cambio Networks Inc., the pioneer of network documentation solutions, today announced that it has completed a new round of venture financing. It has received funding from investment funds Noun 1. investment funds - money that is invested with an expectation of profit investment assets - anything of material value or usefulness that is owned by a person or company managed by Frederick Frederick, city, United States Frederick, city (1990 pop. 40,148), seat of Frederick co., NW Md.; settled 1745, inc. 1817. The processing center of a fertile farm and dairying area, it makes beer, household items, optical and glass products, leather goods, R. Adler Ad·ler , Alfred 1870-1937. Austrian psychiatrist. He rejected Sigmund Freud's emphasis on sexuality and theorized that neurotic behavior is an overcompensation for feelings of inferiority. , a well-known venture capitalist Venture Capitalist An investor who provides capital to either start-up ventures or support small companies who wish to expand but do not have access to public funding. Notes: Venture capitalists usually expect higher returns for the additional risks taken. . Cambio will use the capital primarily for continued product development of Cambio Network's new COMMAND Network Documentation System product line. Adler is also expected to join the board of Cambio Networks. "We are delighted to receive the funding and confidence from Mr. Adler, who has a proven track record of successes, and brings the wisdom and experience that is sure to benefit Cambio Networks in the future," said Gari Grimm, Chief Operating Officer Chief Operating Officer (COO) The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. for Cambio Networks Inc. "This new funding reinforces Cambio Networks' long term viability and enables the company to sustain its leadership position in the network documentation market segment." "We invested in Cambio Networks because it has positioned itself to be the leader in the network documentation market," said Adler, managing director of Adler & Company. "Cambio Network's new product line enables us to participate in a high growth market, and our financial backing will certainly allow Cambio Networks to leverage its market momentum created by the launch of COMMAND 5.0." On March 3, Cambio Networks announced its COMMAND 5.0 Network Documentation System. Designed to function as an essential corporate information system, COMMAND provides organizations with a complete client/server software system that allows network support professionals to create, maintain and access a central model of the entire network, its components and their relationships. COMMAND provides a foundation to reduce network related costs for a variety of business needs, including relocations, mergers & acquisitions, network outsourcing (1) Contracting with outside consultants, software houses or service bureaus to perform systems analysis, programming and datacenter operations. Contrast with insourcing. See netsourcing, ASP, SSP and facilities management. , backup & disaster recovery and regulatory compliance. About Adler & Company Mr. Adler is the founder and managing partner of Adler & Company, a venture fund management company with offices in San Francisco San Francisco (săn frănsĭs`kō), city (1990 pop. 723,959), coextensive with San Francisco co., W Calif., on the tip of a peninsula between the Pacific Ocean and San Francisco Bay, which are connected by the strait known as the Golden , Calif.; Stamford, Conn.; and Palm Beach, Florida Palm Beach is an incorporated town in Palm Beach County, Florida. The Intracoastal Waterway separates it from the neighboring cities of West Palm Beach and Lake Worth. As of 2000, Palm Beach had a year-round population of 10,468, with an estimated seasonal population of 30,000. . He currently serves as director and chairman of the executive committee of Data General Corp. He also is a director of Prime Cellular, Inc., Global Pharmaceutical Corp., and USA Detergents Corp. Mr. Adler is chairman and director of Shells Seafood Restaurants Inc. and a director of various private corporations. He also worked with Ms. Grimm during her tenure at WordStar, Electronics for Imaging and several other companies. About Cambio Networks Cambio Networks, headquartered in Santa Clara, is the leading supplier of client/server software solutions for network documentation. Network documentation consolidates, tracks and controls information about equipment, cables, circuits and their connectivity for LANs and WANs. The company offers a full line of consulting, training and implementation services. Additional information about the company and its products can also be obtained via the World Wide Web at http://www.cambio.com . -0- Note to Editors: COMMAND and the Cambio Networks logo are trademarks of Cambio Networks Inc. All other names may be trademarks, services or registered trademarks of their respective companies. CONTACT: Cambio Networks, Inc. Don Harris, 408/567-1400 dharris@cambio.com or Sommerhauser Public Relations public relations, activities and policies used to create public interest in a person, idea, product, institution, or business establishment. By its nature, public relations is devoted to serving particular interests by presenting them to the public in the most Charles Sommerhauser, 510/417-5227 charlespr1@aol.com |
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