Comcast Interactive Capital Invests in Vyatta.$11 Million in Series B Funding to Accelerate Vyatta's Disruptive Innovation SAN MATEO San Mateo (săn mətā`ō), city (1990 pop. 85,486), San Mateo co., W Calif., on San Francisco Bay; inc. 1894. It is a commercial and retail center with some high-technology manufacturing. San Mateo, Spanish for St. , Calif. -- Vyatta today announced it has completed its Series B financing led by Comcast Interactive Capital (CIC CIC circulating immune complexes. CIC Circulating immune complexes. See Immune complexes. ). In addition to leading the round, CIC has joined the Vyatta board of directors, where it will assist the company in addressing service provider market opportunities for its open-source networking solutions that include routing, firewall, and VPN (Virtual Private Network) A private network that is configured within a public network (a carrier's network or the Internet) in order to take advantage of the economies of scale and management facilities of large networks. functionality as well as extensibility for many other network applications. "Service providers are constantly on the lookout for in search of; looking for. See also: Lookout solutions that can generate new revenue streams," said Deepak Sindwani, principal at Comcast Interactive Capital. "Through its innovative use of open-source technologies and integration with best-of-breed third-party applications, Vyatta enables several new potential managed service bundles for small and medium-sized business and enterprise markets. Further, its use of standard x86 hardware provides the opportunity for fundamentally better economics than proprietary hardware products." Comcast Interactive Capital was joined in the new funding round by all of Vyatta's existing investors, including JPMorgan Partners (as advised by Panorama Capital), ComVentures, and ArrowPath Venture Partners, bringing the total venture funding in Vyatta to $18.5 million. The funds will be used for operating capital Noun 1. operating capital - capital available for the operations of a firm (e.g. manufacturing or transportation) as distinct from financial transactions and long-term improvements capital, working capital - assets available for use in the production of further assets as the company scales its market penetration Noun 1. market penetration - the extent to which a product is recognized and bought by customers in a particular market penetration - the act of entering into or through something; "the penetration of upper management by women" and product delivery. "This investment by Comcast Interactive Capital provides further validation of Vyatta's vision," said Kelly Herrell, 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 Vyatta. "Whether deployed by enterprises or delivered as premise equipment by service providers, the network infrastructure market is at the beginning of a profound wave of change driven by the power of openness. Vyatta is poised to capitalize on Cap´i`tal`ize on` v. t. 1. To turn (an opportunity) to one's advantage; to take advantage of (a situation); to profit from; as, to capitalize on an opponent's mistakes s>. this dynamic, and we look forward to working with Comcast Interactive Capital as we drive this change." Vyatta was created to bring commercial-quality, open-source networking products to market. The company is staffed by industry veterans, serial entrepreneurs Serial entrepreneur Business person that successfully starts (does not kill) a number of different businesses. , and some of the brightest minds in the open source and networking industries who share a passion for flexible, low-cost networking products that allow users to create highly-reliable infrastructure. The Vyatta system is available as a software subscription with tiered service Tiered services is business jargon for providing a service (such as telecom connectivity or cable channel service) according to separate, incrementally distinct quality and pay levels, or "tiers." The term has current usage in the debate over network neutrality. and support options, or as a pre-configured hardware appliance A device that is dedicated to a specific function in contrast to a general-purpose computer. The hardware comes pre-installed with its operating system and application. Many consider the router to be the first network appliance. that can be easily dropped into a network. Vyatta has also sponsored the Vyatta Community, a public forum for Vyatta users and developers who are interested in open-source network innovation. For more information on Vyatta products, visit: http://www.vyatta.com/products/plans.php. About Comcast Interactive Capital Comcast Interactive Capital (CIC) is a venture capital fund focused on broadband, enterprise and interactive technologies. CIC is affiliated with Comcast Corporation, a diversified global leader in cable, broadband services, telecommunications, and entertainment. CIC's primary goal is to generate superior financial returns from private equity investments in early-stage technology companies. To achieve this goal, CIC works to foster the success of its portfolio companies by bringing to bear the unique resources, experience, and insight of both CIC and the Comcast family of companies. Additional information is available at www.civentures.com. About Vyatta "Vyatta" is the ancient Sanskrit word meaning "open" - a fitting name for a company that was created to bring commercial-quality, open-source networking products to market. Open source has created a profound change in the market place, shifting the balance of power from large corporations back to the users of products. Open source is about cost savings, increased flexibility and choice, and better security. Vyatta is bringing those qualities to the world of network infrastructure products. For more information, please visit www.vyatta.com. |
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