Cerent Named 'Investors' Choice' At Technologic Partners' Network Outlook Conference.PETALUMA, Calif.--(BUSINESS WIRE)--March 22, 1999--Cerent Corporation, the company supercharging SONET transport networks, today announced that it received an "Investors' Choice" award at the seventh annual Technologic Partners' Network Outlook conference held earlier this month. The top ten companies developing networking and communications products were chosen as "most likely to succeed" from a list of 87 privately financed technology companies that presented their business plans to an audience of several hundred venture capitalists, money managers, investment bankers and industry executives. The award was the result of conference attendee balloting. "I see Cerent as an important link between the worlds of data and telephony, a step towards real convergence," said Richard Shaffer, editor, publisher of both ComputerLetter and VentureFinance, and principal analyst of Technologic Partners. "The market has a clear need for a bandwidth optimizing product that can solve transport bandwidth problems now, as well as prepare customers for the future. Cerent is in a position to make a unique contribution to the networking industry." The Cerent 454 incorporates advanced optical and data networking features that have resulted in an unprecedented multi-service platform with the smallest footprint in the industry. This allows competitive service providers to provision a SONET network in minutes at half the cost of traditional SONET gear, delivering next generation network economics today. "This is a real vote of confidence from the technology and investment community for Cerent's technological innovation and leadership," said Carl Russo, 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 Cerent. "We're working hard to respond to what our customers really want in the transport space, and helping them to build the networks of the future right now." Russo added that the Cerent 454 has been generally available since December of 1998. To date, over 40 service providers throughout North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. have purchased the system. About Cerent Corporation Located in Petaluma, California Petaluma is a city in Sonoma County, California, in the United States. As of the 2000 census, the city had a total population of 54,538. As of 2005, Petaluma's population is 56,721. [link was dead) contains the Rancho Petaluma Adobe, a National Historic Landmark. , Cerent Corporation is the revolutionary network element delivering innovative SONET solutions today. The company comprises a uniquely blended culture of telecom and datacom expertise. Its flagship product A primary product of a company, which is typically why the company was founded and/or what made it well known. For example, MS-DOS, Windows and the Microsoft Office suite have been flagship products of Microsoft. CorelDRAW is a flagship product of Corel Corporation. , the Cerent 454, is the industry's first multi-service SONET/SDH platform that supports any network traffic type over any optical bit rate at 50 percent lower cost than existing solutions. Cerent customers are service providers (such as ILECs, CLECs, IXCs, Cable TV providers) who need a simple, scaleable and efficient system that fits today's SONET infrastructure, solves the transport bottleneck and is flexible enough to help them evolve to next-generation optical networks. The company's investors include Cisco Systems “Cisco” redirects here. For other uses, see Cisco (disambiguation). Cisco System,Inc. (NASDAQ: CSCO, HKSE: 4333 ) is an American multinational corporation with 54,000 employees and annual revenue of US $28.48 billion as of 2006. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :CSCO CSCO Cisco Systems Incorporated (stock symbol) CSCO Chief Supply Chain Officer ), Advanced Fibre Communications (NASDAQ:AFCI AFCI Association of Film Commissioners International AFCI Arc Fault Circuit Interrupter AFCI Advanced Fibre Communications, Inc AFCI Acupuncture Foundation of Canada Institute (Institut de la Fondation d'Acupuncture du Canada) ), Kleiner, Perkins, Caufield and Byers, Integral Capital Partners, Norwest Venture Partners, Telesoft Partners and Arete a·rête n. A sharp, narrow mountain ridge or spur. [French, from Old French areste, fishbone, spine, from Late Latin arista, awn, fishbone, from Latin, awn. Ventures. Information about Cerent can be found at: http://www.cerent.com. Note to Editors: Cerent and Cerent 454 are trademarks of Cerent Corporation |
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