NetReality Announces $3 Million Investment From Strategic Venture Capital Firms.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)--May 4, 1998-- Award-Winning WAN Management Firm Secures Funding from Gilde IT Fund and Cedar Fund for Rollout of WiseWan, Expansion of U.S. and European Operations NetReality, Inc., the award-winning trendsetter trend·set·ter n. One that initiates or popularizes a trend: "The Golden State, ever the trendsetter, reformed its property tax" New York. in end-to-end WAN traffic management, announced today it has secured $3 million in its second round of financing. With the company poised to ship its first products in the WiseWan(tm) family, the financing will be used to fuel NetReality's product roll out and its rapid growth in both the U.S. and abroad. The second-round funds include $2 million from Cedar Fund, an international venture capital fund backed by top US, European and Israeli investors including 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. Asset Management, Gilde Strategic Situations Fund B.V., and Discount Underwriting & Business Promotion Ltd. The Fund has a proactive investment strategy to support fast-growth companies as they become world-class organizations. An additional $1 million was secured from Gilde IT Fund, part of European venture-capital giant Gilde Investment Management. Based in Holland, the Gilde IT Fund is focused on providing world-wide funding and support to help rapidly expanding technology companies become world-class players with global focuses. The Fund has invested in over a hundred companies including Baan, Uniface An application development system for e-commerce and client/server environments from Compuware. It is a repository-driven system that integrates with a variety of CASE tools, report writers and version control systems. , Lannet and Insignia. "Cedar seeks out hot high-tech companies and assists them in reaching global status," says Cedar co-founder Gal Israely. "We are delighted to partner with a company whose product is so clearly needed in today's plugged-in, global corporate environment." "NetReality is a perfect fit for the Gilde IT Fund," says Toon den Heijer, a general partner and executive director of Gilde. "With its hot technology and astute management team, NetReality will quickly achieve the global success of other Gilde IT fund investments such as Baan and Lannet." The funding comes as NetReality prepares to ship the WiseWan family's core products, which give the industry the first solution to WAN-based global network data congestion The condition of a network when there is not enough bandwidth to support the current traffic load. congestion - When the offered load of a data communication path exceeds the capacity. . The products integrate remote monitoring (protocol) remote monitoring - (RMON) A network management protocol that allows network information to be gathered at a single computer. Whereas SNMP gathers network data from a single type of Management Information Base (MIB), RMON 1 defines nine additional MIBs that provide a with adaptive bandwidth management Controlling the traffic flow in a network. See bandwidth manager. on a single modular platform to dynamically shape traffic in response to rapidly changing WAN bandwidth availability. The products that will ship by the end of May are the hardware platform WiseWan 200(tm), the Java-based management console A terminal or workstation used to monitor and control a network. See Microsoft Management Console. WanXplorer(tm), adaptive traffic shaper WanShaper(tm) and real-time monitor WanSentry(tm). WanTel(tm), a ground-breaking WiseWan module launched today at Networld+InterOp, will give organizations unprecedented management and analysis of integrated voice and data traffic and will ship in July. As a result of the investments and impending im·pend intr.v. im·pend·ed, im·pend·ing, im·pends 1. To be about to occur: Her retirement is impending. 2. product roll out, NetReality has relocated its U.S. and Israel offices to larger facilities. The new U.S. office is located at 3945 Freedom Circle, Suite 670, Santa Clara, CA 95054; telephone: 408/988-8100; fax: 408-988-8109. The new Israel-based office is located at 6 Shoham St., Kiryat Matalon Petach Tiqwa, 49517, Israel; telephone: 972-3-922-9585; fax: 972-3-922-9586. "This is a very exciting time for NetReality as we roll out the initial WiseWan offering and introduce the industry's first solution for the management of integrated voice and data," says Ilan Raab, founder and 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 NetReality. "The funding from Gilde and Cedar and the contacts these high-powered capital funds bring to NetReality will help make our roll out a success." -0- About NetReality, Inc. Winner of the January 1998 ComNet New Products Achievement Award and selected as an Editor's Choice by Communications News in March, NetReality is a trendsetter in end-to-end WAN traffic control. The company was founded in April 1997 by seasoned WAN and networking experts from Bay Networks, 3Com and Lannet. NetReality's product, WiseWan, was the first to offer complete WAN bandwidth services on a modular hardware/software platform and is now the first to allow companies to manage integrated voice and data traffic over IP and Frame Relay A high-speed packet switching protocol used in wide area networks (WANs). Providing a granular service of up to DS3 speed (45 Mbps), it has become popular for LAN to LAN connections across remote distances, and services are offered by most major carriers. . WiseWan tightly integrates full-featured remote monitoring with adaptive bandwidth management capabilities and is uniquely located on the WAN to actively manage voice and data traffic in response to rapidly changing WAN bandwidth availability. By delivering traffic monitoring, prioritization, adaptive bandwidth allocation Bandwidth allocation refers to various methods used in the communications industry to design and assign frequency channels to different wireless applications. Also on programs such as Bittorent or Limewire. and accounting for voice and data traffic over both IP and Frame Relay, WiseWan gives users the control they need to finally take charge of their WANs and take advantage of the full benefits of convergence. A member of the Frame Relay Forum, NetReality is located in Santa Clara, Calif. and Tel Aviv Tel Aviv (tĕl əvēv`), city (1994 pop. 355,200), W central Israel, on the Mediterranean Sea. Oficially named Tel Aviv–Jaffa, it is Israel's commercial, financial, communications, and cultural center and the core of its largest , Israel. For more information about NetReality, call 408/988-8100 or visit http://www.net-reality.com. NetReality, Inc., NetReality, Ltd., WiseWan, WiseWan 200, WanXplorer, WanSentry, WanTel, and WanShaper are trademarks of NetReality, Ltd. All other product names mentioned herein are trademarks of their respective owners. CONTACT: Collaborative Communications, Inc. Christine Johansen-Hewitt, 617/520-9104 hewitt@collaborative.com OR Susan Walsh, 617/520-9121 walsh@collaborative.com |
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