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April 4, 2007
LONDON -- Ethos Networks, today announced that it has secured a $6 million seed investment from Evergreen Partners and Vertex Venture Capital. Ethos, established in 2003, develops Ethernet multi-GigE switches that are able to address all the traffic engineering challenges of carrier-grade packet transport.
Ethos combines the simplicity of pure Ethernet with real time global network optimization algorithms, enabling carriers to solve many of the challenges they face today and significantly reducing their establishment and operational costs.
In order to meet the increased demand for advanced broadband services (Triple Play), large Telco companies are in the process of moving the majority of their infrastructures to Ethernet based networks.
Ethos technology enables Telco carriers to flexibly allocate their resources in real time and to expand their basket of products, whilst reducing expenses. Using Ethos technology, Telco carriers can efficiently use broadband metropolitan networks and provide advanced data based services, at a significantly reduced cost.
Boaz Dinte, Managing Partner at Evergreen, said, "Evergreen is investing in the first round after having made a pre-seed investment in the Ethos team, in the very early stages of the company. Ethos is a promising company, providing a necessary solution for Telco Carriers world wide."
Ethos Networks Ltd.
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