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Expand Networks has landed $8.5 million more in venture funding from Intel Capital plus its previous investors. The WAN optimization company says it will use the money to support research and development in virtualization and to finance near-term technology buys.
Expand makes Compass Accelerators, devices that perform a variety of compression, protocol optimization, application optimization and pattern caching to speed up applications over WAN links. (Compare application acceleration and WAN traffic optimization products.)
The company already received $25 million in venture funding in 2000, $9 million in 2005 and $21 million in 2007.
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Comments (2)
Is WAN Optimization done? Not according to Intel Capital...By Anonymous on August 28, 2008, 5:56 pmIs WAN Optimization done? Not according to Intel Capital. Unless you think they like to throw money anywhere and hope for the best? Look at the facts, 19+ vendors,...
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What's left?By denniscox on August 27, 2008, 12:12 pmIsn't WAN Optimization done? I mean Juniper bought one, Cisco bought one - what are people expecting 3com? What do the investors think they will get out of this?...
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