Spirent Invests in Caw

Spirent Communications led $16 million Series B funding, which gives Caw Networks something to crow about

October 30, 2001

2 Min Read

MOUNTAIN VIEW, Calif. -- Caw Networks, the authority in real-world capacity assessment, today announced that it has raised $16 million in its Series B funding round. The new capital will fund further development of its leading edge technology in layer 4-7 real-world capacity assessment, sales expansion and allow new market segment development. Closure of the round brings the total investment in the company since its formation in November 1999 to a total of $25 million. The Series B funding, led by Spirent Communications, a wholly owned business group of Spirent plc. (NYSE:SPM), also included returning investor Menlo Ventures (which led the Series A funding), XML Fund, as well as the original angel investors. Gil Cabral, president of the SmartBits Division of Spirent Communications, will gain a seat on Caw Networks' board. "In an incredibly difficult environment in which to raise money Caw Networks closed an up round at nearly twice our previous valuation. The investment by Spirent, a leader in Layer 2-3 testing, validates the need for realism in capacity assessment and testing -- our core competency. This clearly shows the confidence that both the investment community and the industry have in our company and our technology," said Andrew Foss, CEO and president of Caw Networks.Caw NetworksIn a separate release:CALABASAS, Calif. -- Spirent Communications, a wholly-owned business group of Spirent plc. (NYSE:SPM), and Caw Networks of Mountain View, Calif. today announced that they have entered into a strategic partnership. The agreement includes an equity investment by Spirent plc. in Caw Networks, resale of Caw's WebAvalanche(TM) and WebReflector(TM) products by Spirent Communications to its existing installed base of 2500 customers, ongoing joint development to integrate Caw Networks technology with Spirent SmartBits(TM) performance analysis systems and joint marketing efforts. "This is a continuation of our strategy to bring the very best-of-breed solutions together for our customers," said Gil Cabral, President of Spirent Communications, SmartBits Division. "This unique integration of products creates a new solution for the industry. It addresses very topical issues of throughput and security for large scale Internet and intranet systems and content providers."Spirent Communications

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