Crescendo Networks Receives $9,500,000 New Funding
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Feed Type
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Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=0ada94ce-9473-4fc8-9150-0b48974beecc&Preview=1 -
Date
7/30/2008 -
Company Name
Crescendo Networks -
Mailing Address
633 Menlo Avenue Menlo Park, CA 94025 -
Company Description
Crescendo Networks Ltd. is an innovative, award winning company, which develops, markets, and sells application acceleration devices for data centers. The company founders recognized a fundamental shift in the data center paradigm (caused by the convergence of many factors) resulting in ineffective server utilization, and growing application latency. Within this new paradigm the data center must be based upon a highly flexible, reliable, efficient and scalable model capable of supporting complex web-enabled applications, stringent business continuity requirements, predictable high-speed performance, and dynamic computing strategies. -
Website
http://www.crescendonetworks.com -
Transaction Type
Venture Equity -
Transaction Amount
$9,500,000 -
Transaction Round
Undisclosed -
Proceeds Purposes
Proceeds purposes were not disclosed. -
M&A Terms
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Venture Investor
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Venture Investor
Evergreen Partners -
Venture Investor
Apax Partners -
Venture Investor
Magma Venture Partners -
Venture Investor
StageOne Ventures -
Venture Investor
Convergent Capital
