Expand Networks
Encyclopedia
Expand Networks, Ltd., based in Tel Aviv
, Israel, is a provider of WAN Optimization
solutions.
, The Eurocom Group, Ophir Holdings, and a private group of investors, including Memco Software
founder Israel Mezin. Additional investors joined in subsequent rounds of funding. The company has raised over $95,000,000 since inception.
Founded by Talmon Marco http://www.guestcentric.com/about-us/advisory-board/ the business now identifies itself as WAN Optimization specialist
Expand Networks global headquarters is situated in Roseland, New Jersey and Research and Development based in R&D
with sales presence in Australia http://www.crn.com.au/News/148353,local-reseller-chosen-for-expand-networks-win.aspx China, http://www.allbusiness.com/services/business-services/3932897-1.html across Europe, Israel, Singapore, South Africa and throughout the United States.
The company manufactures accelerators in physical http://vmblog.com/archive/2010/03/17/expand-networks-continues-virtualization-drive-with-expandview-virtual.aspx,
virtual http://matthensley.wordpress.com/2009/12/13/expand-networks-virtual-accelerator-vdi-application-virtualization-and-the-wan/ and mobile deployment deployment options.
Today the company’s technology includes Byte Level Caching
and Dynamic Compression, Layer 7 Quality of Service
(QoS)and Monitoring, Application and Protocol Acceleration, Wide Area File Services.
Expand Networks' competitors include; Blue Coat Systems
, Cisco Systems
, Exinda
, Ipanema Technologies
, Riverbed Technology
.
In 2008, the company acquired NetPriva, an Australian software provider for $7,300,000 http://www.futurenetltd.co.uk/Netpriva.htm NetPriva specialised in developing software only WAN Optimisation solutions.
The acquisition of NetPriva led Expand to deliver a SoftWOC http://www.itbusinessedge.com/cm/blogs/cole/expand-buys-netpriva/?cs=12768. This solution was launched in 2009 as the Mobile Acceleration Client, or MACChttp://www.networkworld.com/community/node/25234
In 2008, the company's revenues were approximately $24,000,000, up from $20,000,000. In 2008, the company lost $13,900,000 - down from a loss of $17,500,000 in 2007.
In early 2009, the company laid off an additional 20 employees, reducing its global headcount to 150, of which 80 are in Israel.
The company is attempting to raise an additional loan of $3,000,0000, giving participating shareholders an 8x preference. This is effectively a wash-out round giving the company a pre-money valuation of $0 as none of the current shareholders will see any income should the company be sold for less than $24,000,000
Recently, the company has continued to attract interest from big industry players, with rumours of a potential acquisition by publicly listed competitive vendor Riverbed Technology
in 2009
Tel Aviv
Tel Aviv , officially Tel Aviv-Yafo , is the second most populous city in Israel, with a population of 404,400 on a land area of . The city is located on the Israeli Mediterranean coastline in west-central Israel. It is the largest and most populous city in the metropolitan area of Gush Dan, with...
, Israel, is a provider of WAN Optimization
WAN Optimization
WAN optimization is a collection of techniques for increasing data-transfer efficiencies across wide-area networks. In 2008, the WAN optimization market was estimated to be $1 billion , and it will grow to $4.4 billion according to Gartner, a technology research firm.The most common measures of...
solutions.
About
Expand Networks is privately held. The company was founded in 1998; initial financing was provided by Discount Investment CorporationDiscount Investment Corporation Ltd.
Discount Investment Corporation Ltd. is a holding company based in Israel. The company is listed on the Tel Aviv Stock Exchange and is a constituent of the TA-25 Index. The company’s is controlled by IDB Holding Corporation Ltd...
, The Eurocom Group, Ophir Holdings, and a private group of investors, including Memco Software
Platinum Technology
Platinum Technology Inc. was founded by Andrew Filipowski in 1987 to market and support deployment of database management software products and the applications enabled by database management technology and render related services...
founder Israel Mezin. Additional investors joined in subsequent rounds of funding. The company has raised over $95,000,000 since inception.
Founded by Talmon Marco http://www.guestcentric.com/about-us/advisory-board/ the business now identifies itself as WAN Optimization specialist
Expand Networks global headquarters is situated in Roseland, New Jersey and Research and Development based in R&D
with sales presence in Australia http://www.crn.com.au/News/148353,local-reseller-chosen-for-expand-networks-win.aspx China, http://www.allbusiness.com/services/business-services/3932897-1.html across Europe, Israel, Singapore, South Africa and throughout the United States.
The company manufactures accelerators in physical http://vmblog.com/archive/2010/03/17/expand-networks-continues-virtualization-drive-with-expandview-virtual.aspx,
virtual http://matthensley.wordpress.com/2009/12/13/expand-networks-virtual-accelerator-vdi-application-virtualization-and-the-wan/ and mobile deployment deployment options.
Today the company’s technology includes Byte Level Caching
Cache
In computer engineering, a cache is a component that transparently stores data so that future requests for that data can be served faster. The data that is stored within a cache might be values that have been computed earlier or duplicates of original values that are stored elsewhere...
and Dynamic Compression, Layer 7 Quality of Service
Quality of service
The quality of service refers to several related aspects of telephony and computer networks that allow the transport of traffic with special requirements...
(QoS)and Monitoring, Application and Protocol Acceleration, Wide Area File Services.
Expand Networks' competitors include; Blue Coat Systems
Blue Coat Systems
Blue Coat Systems Inc. is a network security and network management company based in Sunnyvale, California, United States.It identifies itself as an application delivery network specialist...
, Cisco Systems
Cisco Systems
Cisco Systems, Inc. is an American multinational corporation headquartered in San Jose, California, United States, that designs and sells consumer electronics, networking, voice, and communications technology and services. Cisco has more than 70,000 employees and annual revenue of US$...
, Exinda
Exinda
Exinda is a United States technology company that provides computer networking products and services. Headquartered in Andover, Massachusetts, Exinda delivers WAN optimization and network bandwidth management solutions to small and medium-sized enterprises....
, Ipanema Technologies
Ipanema Technologies
- Company Information :Ipanema Technologies’ is an I.T. company founded in 1999 by Jean-Yves Leclerc,Thierry Grenot and François Lecerf. They develop systems for application traffic management, WAN visibility, WAN optimization, WAN acceleration, WAN control and Wan governance.They are...
, Riverbed Technology
Riverbed Technology
Riverbed Technology is a technology company that specializes in improving the performance of networks and networked applications. It was founded May 23, 2002 by Jerry Kennelly and Steve McCanne in San Francisco, California where its world headquarters remains...
.
New Company Structure
Expand has undergone a change in the company structure following a necessary legal process to entrench the position of the primary venture lending organization, Expand fully support this action. This development will have no impact on the company’s financial viability and in no way detracts from the ongoing strategy and business objectives. Expand receives the backing and support of its lending partners and the company is fully committed to helping its customers meet the challenges they face in their businesses through technical innovation, R&D, services and support.Acquisitions
In August, 2005 it was announced that Disksites technology was integrated into the Compass Platform through an OEM agreement Expand later acquired Disksites’ intellectual property, technology, and product line fully integrating into Expand Networks in 2006In 2008, the company acquired NetPriva, an Australian software provider for $7,300,000 http://www.futurenetltd.co.uk/Netpriva.htm NetPriva specialised in developing software only WAN Optimisation solutions.
The acquisition of NetPriva led Expand to deliver a SoftWOC http://www.itbusinessedge.com/cm/blogs/cole/expand-buys-netpriva/?cs=12768. This solution was launched in 2009 as the Mobile Acceleration Client, or MACChttp://www.networkworld.com/community/node/25234
Additional information
Expand Networks remains a privately held company, and therefore never discloses any of its trading figures to any external parties.In 2008, the company's revenues were approximately $24,000,000, up from $20,000,000. In 2008, the company lost $13,900,000 - down from a loss of $17,500,000 in 2007.
In early 2009, the company laid off an additional 20 employees, reducing its global headcount to 150, of which 80 are in Israel.
The company is attempting to raise an additional loan of $3,000,0000, giving participating shareholders an 8x preference. This is effectively a wash-out round giving the company a pre-money valuation of $0 as none of the current shareholders will see any income should the company be sold for less than $24,000,000
Recently, the company has continued to attract interest from big industry players, with rumours of a potential acquisition by publicly listed competitive vendor Riverbed Technology
Riverbed Technology
Riverbed Technology is a technology company that specializes in improving the performance of networks and networked applications. It was founded May 23, 2002 by Jerry Kennelly and Steve McCanne in San Francisco, California where its world headquarters remains...
in 2009