Coriolis Comes Out Of Hiding

Coriolis Networks, Inc. (www.coriolisnet.com) today announced that its product development effort is aimed at the challenge of helping network service providers reap greater economic rewards from their traditional and emerging services while easing the migration path from current transmission technologies.

Founded in 1999, Coriolis secured first-round funding from Bessemer Venture Partners, New Enterprise Associates and Columbia Capital, based on the vision and experience of the company's management team. Coriolis employees have joined the company from some of the leading telecommunications companies in the world, including Digital Equipment Corp., Cascade Communications, Cisco Systems, Lucent, 3Com, VideoServer, Harris & Jeffries, Cabletron and GTE.

"There are plenty of optical networking companies focused on helping carriers exploit their dark fiber, but no other company is addressing carriers' bottom-line service delivery business models for both traditional high-revenue services and high-growth IP-based services," said Robert L. Castle, president and CEO of Coriolis Networks. "We are committed to providing facilities-based carriers - whether they be traditional carriers that are moving into the IP world or IP-centric carriers who intend to offer quality sensitive services - with metro optical solutions that increase revenues and reduce the overall cost of management and support needed to deliver multiple services to customers."

Coriolis Networks is focused on meeting the needs of fiber-based network service providers worldwide, including Internet Service Providers (ISPs), Incumbent Local Exchange Carriers (ILECs), Interexchange Carriers (IXCs), Competitive Local Exchange Carriers (CLECs) and emerging high-speed multi-tenant service providers.

"Carriers are faced with new economic realities that mandate delivery of bread-and-butter services, like voice, for which much of theirnetworks were built, while capturing the high-growth, high-profit IP service market," said Rob Soni, managing general partner of Bessemer Venture Partners. "Unfortunately, most metro products today are ineffective in meeting this challenge. We found Coriolis particularly exciting for our portfolio because it has found an innovative answer to this problem that gives carriers the best of both worlds."

Coriolis Networks has been developing a family of products based on the Dynamic Service Transport Network(TM) (DSTN)architecture that deftly bridges the gap between high cost, but reliable SONET environments, and highly scalable, but difficult to manage IP solutions. The product is in integration and will be available at customer sites during the last quarter of calendar year 2000.

http://209.67.246.146/about/press/press001.html