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EFFICIENT NETWORKS, INC. COMPLETES VENTURE FINANCING

 DALLAS, Aug. 2 /PRNewswire/ -- Efficient Networks, Inc. announced today the completion of venture financing, raising $3.5 million. The financing round was led by Enterprise Partners, Los Angeles, Calif.; Crosspoint Ventures, Irvine, Calif.; and El Dorado Ventures, Pasadena, Calif.
 Efficient Networks was founded in March 1993, by Chase Bailey to build low-cost desktop Asynchronous Transfer Mode (ATM) LAN solutions. The solutions include low-cost adapters with Solaris, SVR4 Unix, and Windows NT software. The first phase of the products include SBus and EISA I/O based hardware. Later versions of the product line will include MicroChannel, PCI, and other styles of adapters. Efficient Networks is currently designing an ATM AAL type-5 ASIC for internal use in the development of their adapters.
 Chase Bailey, chief technical officer of Efficient Networks stated, "We see a real void at the desktop for ATM. There are no real cost effective or technology efficient solutions. Today's protocols and protocol stacks do not mesh well with the ATM technology. We are working with the enterprise network managers, network integrators, application designers and end-users to define, design, and fulfill their needs with this new emerging technology."
 Jim Gauer, general partner of Enterprise Partners commented, "We believe that ATM will rapidly become 'the gold standard' for the next generation networks. Cost effective bandwidth to the desktop is a critical issue, and Efficient Networks has a very elegant solution with its ATM adapter products. We at Enterprise Partners are particularly pleased to be working with the world class management team at Efficient Networks."
 -0- 8/2/93
 /CONTACT: Chase Bailey of Efficient Networks, Inc., 214-317-6641/


CO: Efficient Networks, Inc. ST: Texas IN: CPR SU: FNC

PS -- NY032 -- 8244 08/02/93 09:50 EDT
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Publication:PR Newswire
Date:Aug 2, 1993
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