Tech Company Financing Transactions
Expand Networks Funding Round
On 8/26/2008, Expand Networks announced $8.5 million in financing from Intel Capital, DFJ Tamir Fishman Ventures and Vertex Venture Capital.
Transaction Overview
Company Name
Announced On
8/26/2008
Transaction Type
Venture Equity
Amount
$8,500,000
Round
Undisclosed
Investors
Proceeds Purpose
The new funding will be used to supplement research and development of Expand's next generation of WAN Accelerators, specifically in the areas of virtualization and VDI (Virtual Desktop Infrastructure), and help finance near-term technological acquisitions.
Company Information
Company Status
Acquired or Merged
Industry
Networking
Mailing Address
103 Eisenhower Parkway
Roseland, NJ 07068
USA
Roseland, NJ 07068
USA
Phone
Website
Email Address
Overview
Expand has evolved into a supplier of a multi-service integrated platform known as The Expand Compass. The Expand Compass developed from the recognition that as applications migrated to the web and were joined by a number of other converged IP services such as VOIP, the challenges facing clients grew exponentially and could no longer be addressed by router-based, or single purpose solutions.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Elie Barr
Chief Financial Officer
Eran Bendoly
Chief Technical Officer
Efi Gatmor
VP - Finance
Thomas Silvestri
VP - Human Resources
Anat Gafni
VP - Operations
Zvi Bichler
VP - R & D
Rony Atoun
VP - Sales
Steve O'Brien
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About Our Venture Capital Transactions Database
We report on every notable VC transaction. VC investment data records reported here are sourced from news reports and company announcements. The data is sourced from VentureDeal.com, an affiliated venture.
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