& cplSiteName &

Silver Peak Gets $12.5M

Light Reading
News Wire Feed
Light Reading
9/19/2005
50%
50%

MOUNTAIN VIEW, Calif. -- Silver Peak Systems, a developer of enterprise-class network acceleration appliances, today announced the launch of the company including an executive team of seasoned industry veterans with extensive experience in enterprise networking, Wide Area Networking (WAN) and application acceleration technologies. Silver Peak introduces the first enterprise-class solution that enables organizations to re-centralize branch office server and storage infrastructure on a broad basis, reducing IT costs and enhancing enterprise-wide data security and compliance. Operating at the network layer to remain transparent to applications and transport protocols (such as TCP, UDP and RTP), Silver Peak's Local Instance Networking (LIN) approach achieves secure, scalable application delivery.

"We offer an innovative solution that addresses critical customer needs -- leapfrogging current application acceleration products by providing enterprise class scalability and security across all applications and protocols," said Rick Tinsley, president and chief executive officer at Silver Peak Systems. "Silver Peak's solution for Local Instance Networking enables organizations to move servers and storage from branch offices to the data center on a wide scale, reducing IT costs and complexity while significantly improving overall application performance. Current point products only address individual applications, or require infrastructure modifications that deliver results at the expense of scalability and ease of use."

According to Gartner, Inc., the application acceleration market is expected to reach $1.5 billion this year, a 50 percent increase over 2004.(1) Silver Peak's product line has been in development since 2004 and is in production now. The company has secured $12.5 million in funding and initial investors include premier venture firms Benchmark Capital and Greylock Partners.

Silver Peak Systems

(0)  | 
Comment  | 
Print  | 
Newest First  |  Oldest First  |  Threaded View        ADD A COMMENT
Featured Video
From The Founder
Light Reading founder Steve Saunders grills Cisco's Roland Acra on how he's bringing automation to life inside the data center.
Flash Poll
Upcoming Live Events
March 20-22, 2018, Denver Marriott Tech Center
March 22, 2018, Denver, Colorado | Denver Marriott Tech Center
March 28, 2018, Kansas City Convention Center
April 4, 2018, The Westin Dallas Downtown, Dallas
April 9, 2018, Las Vegas Convention Center
May 14-16, 2018, Austin Convention Center
September 25-27, 2018, Denver, Colorado
October 23, 2018, Georgia World Congress Centre, Atlanta, GA
November 8, 2018, The Montcalm by Marble Arch, London
November 15, 2018, The Westin Times Square, New York
December 4-6, 2018, Lisbon, Portugal
All Upcoming Live Events
Hot Topics
Net Neutrality Moves Are as Futile as Trump's Comb-Over
Iain Morris, News Editor, 1/18/2018
Samsung Plots New 5G Modem – Report
Dan Jones, Mobile Editor, 1/18/2018
Europe Urges US to Block Trump on Net Neutrality
Iain Morris, News Editor, 1/22/2018
Last Look – CES 2018 Spectacular, in Photos
Mari Silbey, Senior Editor, Cable/Video, 1/22/2018
Has the 5G Upturn Begun?
Iain Morris, News Editor, 1/19/2018
Animals with Phones
I May Have an Appointment Available Later Today... Click Here
Let me check my schedule.
Live Digital Audio

A CSP's digital transformation involves so much more than technology. Crucial – and often most challenging – is the cultural transformation that goes along with it. As Sigma's Chief Technology Officer, Catherine Michel has extensive experience with technology as she leads the company's entire product portfolio and strategy. But she's also no stranger to merging technology and culture, having taken a company — Tribold — from inception to acquisition (by Sigma in 2013), and she continues to advise service providers on how to drive their own transformations. This impressive female leader and vocal advocate for other women in the industry will join Women in Comms for a live radio show to discuss all things digital transformation, including the cultural transformation that goes along with it.

Like Us on Facebook
Twitter Feed