Arbor Networks' oversubscribed series B funding round was led by Thomas Weisel Venture Partners; Arbor names Thomas Arthur CEO

August 5, 2002

3 Min Read

LEXINGTON, Mass. -- Arbor Networks(TM), a leading provider of network availability solutions, today announced that it has raised $22 million in Series B financing from top-tier venture capital firms and strategic investors. Led by Thomas Weisel Venture Partners, the round includes Series A investors Battery Ventures and Cisco Systems, new strategic investors Comcast Interactive Capital and SAIC Venture Capital Corporation, and new venture investors Ironside Ventures and EDF Ventures. With this new round of funding, Arbor Networks has raised a total of $33 million. David Crowder, co-director of Thomas Weisel Venture Partners, will join Arbor's Board of Directors.Arbor Networks builds availability solutions for companies that run large, complex, mission-critical networks. Network anomalies that threaten availability - such as denial of service (DoS) attacks, network worms and routing attacks - can significantly impact revenue, reputation, relationships and critical communications. For example, the Yankee Group estimates that the impact of the February 2000 DoS attacks was $1.2 billion. Arbor Networks' Peakflow(TM) solutions close the gap between the detection of such anomalies and their resolution, protecting the availability of critical networks."We have observed strong demand for and, more importantly, an increase in spending on solutions that address the network availability challenges threatening large enterprises, providers and government agencies," said Dave Crowder, co-director of Thomas Weisel Venture Partners. "As evidenced by significant customer wins across these markets during this period of contracting IT budgets, Arbor has the right architecture to solve the difficult availability problems that vex the operators of business critical networks. We're confident that by building on its core dynamic baselining and anomaly detection technology and established customer base, Arbor will continue to grow and strengthen its leadership position."In a separate release:Arbor Networks™, a leading provider of network availability solutions, today announced the appointment of Thomas Arthur as the company’s chief executive officer. Most recently, Arthur served as the president of ActivCard, Inc., a leader in digital identity and electronic certification technology. Arthur brings a wealth of security and networking expertise, having built ActivCard’s U.S. presence and played a key role in the company’s increases in market share, five-fold revenue growth and highly successful IPO. “From its earliest days, Arbor has built credibility with an innovative approach, a proven technology platform and a focused, top-tier, customer base,” said Dr. Farnam Jahanian, co-founder of Arbor Networks. “It is this model that attracted an executive of Tom’s caliber to the company. With Tom on board, Arbor is now poised to accelerate the business to the next level. He has a proven track record of rapidly growing revenue and market share for new networking and security businesses. His skills in developing strong teams and establishing strategic marketing partnerships will be vital to Arbor’s growth plans.” Prior to joining ActivCard, Arthur was the general manager of the Internet Infrastructure Division of Novell, leading the engineering, business development and marketing teams responsible for directory and security services. Under Arthur’s leadership, the division established major licensing deals with AT&T, Deutche Telecom, NTT, Hewlett-Packard, Sun Microsystems and IBM. These relationships created a platform for Novell and its partners to drive revenue from cross platform, value-added networking services. In his twelve years with Novell, Arthur held positions of increasing responsibility across sales, business development and marketing. Arbor Networks Inc.

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