Tarari Accelerates Growth with $14 Million in Series C Funding.SAN DIEGO -- Acceleration Technology Draws Investment from Enterprise Partners Venture Capital; Bob Conn Joins Tarari Board of Directors Tarari, Inc., the award-winning acceleration company, today announced that it has successfully completed a Series C round of private equity financing Equity Financing The act of raising money for company activities by selling common or preferred stock to individual or institutional investors. In return for the money paid, shareholders receive ownership interests in the corporation. for $14 million. The lead third-round investor, Enterprise Partners Venture Capital (EPVC EPVC Enterprise Partners Venture Capital EPVC Early Popular Visual Culture (academic journal) EPVC Extended Permanent Virtual Connection EPVC Enterprise Permanent Virtual Circuit ), was joined by existing investors, including Crosspoint Venture Partners, Morgan Stanley Venture Partners, Miramar Venture Partners, and XMLFund. Bob Conn, managing director at EPVC, has also joined the Tarari board of directors. "We are extremely proud to add Enterprise Partners Venture Capital to the prestigious list of investors on our Series C round," said Randy Smerik, co-founder and President/CEO Tarari. "The continued strong interest in the company by the investment community is based on Tarari's sound fundamentals. We have an excellent team in place with the exact right core competencies to build and deliver the right products to our 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. We firmly believe that within the Security, Application Networking, XML/Web Services, and Digital Media markets, there is a large and rapidly growing need for accelerating content-aware processing using specialized ASICs, silicon, and software. Bob Conn's business and technical expertise will provide valuable insight as we move forward." "Tarari has demonstrated the ability to design, deploy and deliver complete acceleration solutions to leading Tier 1 customers," said Bob Conn, managing director at EPVC. "We believe Tarari is uniquely positioned in its end markets and we are excited to work with a team that has such deep expertise and prior success in the relevant end markets." A number of analysts including IDC who track the market for XML XML in full Extensible Markup Language. Markup language developed to be a simplified and more structural version of SGML. It incorporates features of HTML (e.g., hypertext linking), but is designed to overcome some of HTML's limitations. and Network Security products predict that sales will exceed 2 million units with revenues of more than $21 billion by 2008. The XML & Network Security market includes the following sub-markets: Intrusion Detection/Prevention (IDS/IPS), Antivirus, Antispam, Compliance, XML Gateway, XML Server, Content Networking, Firewall, and Unified Threat Management See UTM. (UTM (Unified Threat Management) Refers to a stand-alone appliance or a software package that combines a firewall, antivirus, spam and content filtering as well as intrusion detection. See firewall, antivirus, antispam and IDS. ). Showing particularly strong growth is the Threat Management security appliance market which alone will exceed $5 billion by 2009. These markets are ideal for Tarari, and the company has solid design wins with market-leading OEMs and ISVs. Tarari has repeatedly demonstrated its ability to execute on its silicon road map to bring innovative technologies to market. Tarari's "Content Processor" products are ASICs, production boards, and embedded software components that are designed to snap in to networking, appliance, and server systems. The company has a growing number of Tier 1 original equipment manufacturer (OEM), original design manufacturer (ODM (Original Design Manufacturer) A contract manufacturer that uses its own designs and intellectual property (IP). See contract manufacturer. ), and independent software vendor (ISV (Independent Software Vendor) A person or company that develops software. It implies an organization that specializes in software only and is not part of a computer systems or hardware manufacturer. ) customers for its Network Security, XML and Digital Media products. The company's technologies have won numerous awards, including the 2005 ComputerWorld Honors Program Medal of Achievement, Grand Best of Show Award at the 2005 Network Systems Design Conference, finalist for Red Herring Red Herring A preliminary registration statement that must be filed with the SEC describing a new issue of stock (IPO) and the prospects of the issuing company. Notes: 100 Private Companies Award, and Most Innovative Product award from UCSD UCSD University of California, San Diego (La Jolla, California) UCSD User Centered System Design UCSD Urbana-Champaign Sanitary District (Illinois) UCSD Ultra Cool Sexy Dudes Connect. Key Tarari product achievements include: --Application Networking and XML -- Tarari has designed and is shipping the industry's first production silicon-based XML chipset. Having XML processing natively implemented in silicon allows the fast growth of XML-based protocol streams that can be intelligently understood and processed at network speeds. Tarari's Random Access XML (RAX RAX Random Access XML (Tarari) RAX Remote Agent Experiment RAX Rural Automatic Exchange ) chipsets and software support: XSLT (eXtensible Stylesheet Language Transformation) Software that converts an XML document into another format such as HTML, PDF or text. It may also be used to convert one XML document to another XML document with a different set of XML tags (different schema). , Schema Validation, Crypto, XPath, Parsing, and Tokenization. RAX is already in production with major networking OEMs. --Network Security and RegEx -- Tarari delivered a multi-gigabit Regular Expression (RegEx) Content Processor that major Unified Threat Management (UTM) Appliance vendors have designed into future products to prevent intrusions, viruses, and spam from causing havoc on mission-critical network and enterprise systems. The top security threats today are threats that are carried in content, and the "deep packet inspection Analyzing network traffic to discover the type of application that sent the data. In order to prioritize traffic or filter out unwanted data, deep packet inspection can differentiate data, such as video, audio, chat, voice over IP (VoIP), e-mail and Web. " capabilities Tarari offers is a perfect match to help detect these attacks. --Digital media -- Working closely with Microsoft, Tarari brought to market the Tarari Encoder Accelerator for Windows Media for SMPTE (Society of Motion Picture and Television Engineers, White Plains, NY, www.smpte.org) A professional society for motion picture and TV engineers with more than 9,000 members worldwide. It prepares standards and documentation for TV production. VC-1 standard- and high-definition encoding, a key enabling technology for a new generation of high-speed digital media products. --Tarari T9000 ASIC (Application Specific Integrated Circuit) Pronounced "a-sick." A chip that is custom designed for a specific application rather than a general-purpose chip such as a microprocessor. -- Tarari completed development of the world's first multi-core Content Processing ASIC that includes regular expression and grammar processing agents, making it even easier for OEMs, ODMs, and ISVs in the XML and Network Security industries to incorporate Tarari's acceleration technology into their multi-gigabit products. --Accelerated Software -- In addition to its ASIC and silicon components, Tarari also developed innovative software-only acceleration agents, enabling equipment vendors and ISVs to quickly create products for their entry-level switches and appliances that are completely API compatible with their higher-end Tarari hardware-accelerated products. "Tarari's consistent ability to execute is directly attributable to the deep expertise of a core team that has remained committed to tying its technology innovations to the real-world needs of the company's target markets," said Bob Hoff, general partner at Crosspoint Venture Partners. "With this Series C funding, Tarari will continue to extend its leadership in the content processing space." "Tarari continues to demonstrate a deep industry understanding and is shipping powerful and scalable solutions," said Kristen Hughes, executive director at Morgan Stanley Venture Partners. "We continue to see Tarari's acceleration technology enabling new solutions throughout the enterprise and communications infrastructure -- from high-speed switches, to appliances, to application servers -- for an increasing number of vertical industries." About Enterprise Partners Venture Capital Enterprise Partners Venture Capital (EPVC) was founded in 1985 and is the largest venture firm headquartered in Southern California, with more than $1.1 billion in capital under management. The firm is investing its sixth fund and focuses on wireless, consumer and business Internet services, semiconductors, software, and the life sciences. For more information, please visit: www.epvc.com. About Crosspoint Venture Partners Crosspoint Venture Partners (www.cpvp.com) invests in early-stage companies in two strategic areas: Vertical Service Providers (VSPs)/E-Business Services and Broadband Infrastructure. In particular, they are interested in highly differentiated products and services that have the ability to achieve market leadership and remain differentiated over time. About Morgan Stanley Venture Partners Morgan Stanley Venture Partners (MSVP MSVP Microsoft Vendor Program ) is the venture capital affiliate of Morgan Stanley (NYSE NYSE See: New York Stock Exchange :MS), a preeminent global financial services firm. Since its inception in 1985, MSVP has invested over $1.2 billion in more than 150 companies. MSVP manages a group of funds group of funds See family of funds. that invest in high growth companies within the information technology and healthcare industries, primarily in the United States. For more information, visit www.msvp.com. About Intel Capital Intel Capital, Intel's strategic investment program, focuses on making equity investments and acquisitions to grow the Internet economy in support of Intel's strategic interests. Intel Capital invests in hardware, software and services companies in several market segments, including computing, networking and wireless communications. For more information, visit www.intel.com/capital. About Miramar Venture Partners Miramar Venture Partners targets technology companies with high growth potential in communications, networking, information storage, processing, security, next generation software and application services. It seeks companies that are as market-driven as they are technology-driven, have proprietary and defensible technology positions yielding a competitive edge and barrier to entry, and are led by management teams with the experience, dedication and high sense of urgency to succeed at their endeavors. For more information, visit www.miramarvp.com. About XMLFund XMLFund's (www.xmlfund.com) mission is to help build the next generation of the Internet using XML-based Web Services. They are doing that by taking a focused, collaborative approach to fostering innovation. As experienced innovators and entrepreneurs, they have the knowledge, experience, connections and resources to help guide and grow those companies that are developing promising technology. XMLFund has several leading-edge companies within its portfolio including Aventail, Intalio, XMLGlobal (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :XMLG), CAW (merged with Spirent, NYSE:SPM SPM - Sequential Parlog Machine , in summer of 2002), DataChannel (acquired by Netegrity, 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 :NETE, in 2001), and XYZFind (acquired by Interwoven in·ter·weave v. in·ter·wove , in·ter·wo·ven , inter·weav·ing, inter·weaves v.tr. 1. To weave together. 2. To blend together; intermix. v.intr. , NASDAQ:IWOV, in 2002). About Tarari, Inc. Tarari, Inc., the award-winning acceleration company headquartered in San Diego, Calif., USA, designs and produces Tarari Content Processors that accelerate and offload compute-intensive, complex algorithms used in XML/Web Services, Network Security and Digital Media environments. Tarari's product line includes boards, ASICs and software acceleration components designed for network equipment, appliance and server vendors as well as independent software vendors and enterprises. Tarari is a privately held company privately held company A firm whose shares are held within a relatively small circle of owners and are not traded publicly. with venture backing from Crosspoint Venture Partners, Morgan Stanley Venture Partners, Enterprise Partners Venture Capital, Miramar Venture Partners, XMLFund, Intel Capital. For more information, visit: www.tarari.com , e-mail: info@tarari.com , or call (858) 385-5131. Trademarked company and product names are the property of their respective owners. |
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