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Expand Networks Secures Funding
(Wireless News Via Acquire Media NewsEdge)
Expand Networks, a provider of application acceleration solutions over
the Wide Area Network (WAN), announced that it has secured $8.5 million
of funding primarily led by Intel Capital and existing investors.
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.
"We are delighted Intel Capital has led this round of funding, which
will give us further momentum in the growing WAN Optimization market
and our leadership position within it," said Elie Barr, CEO of Expand
Networks. "Market maturity combined with the changing economic climate
has transformed WAN Optimization from being 'nice to have' to a
'business necessity' representing a great market opportunity for Expand
to attack."
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((Distributed on behalf of 10Meters via M2 Communications Ltd -
http://www.m2.com))
((10Meters - http://www.10meters.com))
Copyright ? 2008 Wireless News
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