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Sockeye Socks Away $28M

Has officially launched and gotten $28 million in funding from Baker Capital, Battery Ventures, CSFB Private Equity, and Polaris Ventures

June 25, 2001

1 Min Read

NEWTON, Mass. -- Sockeye Networks, the emerging leader in theintelligent routing market, today announced that it has officially launchedthe company and has received $28 million in first round funding from BakerCapital, Battery Ventures, CSFB Private Equity and Polaris Ventures.Sockeye Networks is the first to add intelligence to IP networks bycombining real-time data on global Internet conditions – exclusivelylicensed from Akamai Technologies, Inc. (Nasdaq: AKAM) – with proprietarylocal IP traffic information. Sockeye Networks’ service optimizes IPnetwork performance, efficiency and visibility. Focal CommunicationsCorporation (Nasdaq: FCOM), a leading national broadband services provider,has signed up as Sockeye Networks’ first trial customer. Sockeye Networksalso announced that Valeri Marks, formerly president and CEO of SBC InternetServices, will serve as Sockeye Networks’ chairman and CEO.“To achieve dependable connectivity to the Internet typically requiresparallel links from multiple network providers - called ‘multi-homing.’Yet, with this comes the complexities of multi-homing which require on-goingvigilance and activity to maintain stable, high-performance, cost-effectiveconnectivity across the Internet,” said Peter Christy, principal of NetsEdgeResearch. “Sockeye Networks brings an innovative and powerful set oftechnologies and services to market that will greatly help service providersand enterprises in this area. Sockeye Networks offers a new way to improveboth the performance and cost efficiency of IP networks.” Sockeye Networks

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