Wednesday, December 9, 2009
Tuesday, December 1, 2009
Broadcom To Acquire Dune For $178 Million
The deal will boost Broadcom's data center and cloud computing portfolio.
By W. David Gardner
InformationWeek
December 1, 2009 01:32 PM
http://www.informationweek.com/news/hardware/data_centers/showArticle.jhtml?articleID=222000084
Broadcom is stepping up its data center and cloud computing offerings by agreeing to acquire Dune Networks, which has developed a 100 Gbps scalable chipset that is capable of connecting more than 10,000 servers in a single deployment. Broadcom said the deal involves a payment of about $178 million for the Israeli company.
"Dune's massively scalable interconnect fabric, combined with our Ethernet products, augments our portfolio of solutions for data center networking equipment," said Broadcom's Martin Lund. "This technology is particularly well suited to meet the emerging requirements for cloud computing networks at a large scale."
Lund, who is VP and general manager of Broadcom's network switching business line, added that the Dune acquisition will help Broadcom in bringing new Ethernet applications to data centers. Broadcom has been building on its traditional Ethernet strength to broaden its position in data centers. Ever since the company failed in its effort to acquire a recalcitrant Emulex to beef up its data center offerings, Broadcom has been on the prowl for firms that can bolster its data center and cloud computing portfolio of products.
"Dune Networks' distributed connection fabric is a complement to Broadcom's existing product suite," said Eyal Dagan, Dune's CEO, in a statement. "Our joint customers will be able to bring to market low cost, high performance data center switching that will enable end users to build next-generation cloud computing networks."
A privately held company, Dune builds devices that facilitate application development of data center, enterprise, and carrier Ethernet solutions. Its products can scale in capacity, port rate, and service schemes, thereby extending the lifecycle of packet platforms of older legacy models.
Broadcom noted that data centers are scaling to high-bandwidth capacities demanded by cloud computing and the company plans to augment its services for that market through the Dune Networks acquisition. Broadcom said it expects to close the deal by the end of March 2010.
By W. David Gardner
InformationWeek
December 1, 2009 01:32 PM
http://www.informationweek.com/news/hardware/data_centers/showArticle.jhtml?articleID=222000084
Broadcom is stepping up its data center and cloud computing offerings by agreeing to acquire Dune Networks, which has developed a 100 Gbps scalable chipset that is capable of connecting more than 10,000 servers in a single deployment. Broadcom said the deal involves a payment of about $178 million for the Israeli company.
"Dune's massively scalable interconnect fabric, combined with our Ethernet products, augments our portfolio of solutions for data center networking equipment," said Broadcom's Martin Lund. "This technology is particularly well suited to meet the emerging requirements for cloud computing networks at a large scale."
Lund, who is VP and general manager of Broadcom's network switching business line, added that the Dune acquisition will help Broadcom in bringing new Ethernet applications to data centers. Broadcom has been building on its traditional Ethernet strength to broaden its position in data centers. Ever since the company failed in its effort to acquire a recalcitrant Emulex to beef up its data center offerings, Broadcom has been on the prowl for firms that can bolster its data center and cloud computing portfolio of products.
"Dune Networks' distributed connection fabric is a complement to Broadcom's existing product suite," said Eyal Dagan, Dune's CEO, in a statement. "Our joint customers will be able to bring to market low cost, high performance data center switching that will enable end users to build next-generation cloud computing networks."
A privately held company, Dune builds devices that facilitate application development of data center, enterprise, and carrier Ethernet solutions. Its products can scale in capacity, port rate, and service schemes, thereby extending the lifecycle of packet platforms of older legacy models.
Broadcom noted that data centers are scaling to high-bandwidth capacities demanded by cloud computing and the company plans to augment its services for that market through the Dune Networks acquisition. Broadcom said it expects to close the deal by the end of March 2010.
EndoGastric Solutions Raises $21.5 Million
EndoGastric Solutions in Seattle, WA.
http://www.ventureloop.com/ventureloop/vb_article.php?natId=528&p=1
EndoGastric Solutions (EGS) has announced that it has closed a round of Series E financing worth $21.5 million. The investment was led by Advanced Technology Ventures and included other current investors. EGS plans to use the funding to support its expanding commercial presence for its market-leading Natural Orifice Surgery (NOS) platform, a platform that includes the EsophyX and StomaphyX surgical devices.
2009 has been a transformational year for the company, seeing it more than double its revenue, case volume and commercial employee base. The company anticipates acceleration of its revenue growth in 2010. Over the past six months EGS has increased its sales and marketing organization to support 30 territories nationwide, and to include a complete marketing, training and reimbursement team. The financing is an indication of the support and enthusiasm shared by current investors for the products and procedures the company is developing.
EndoGastric Solutions is a pioneer in endoluminal procedures for the treatment of upper gastrointestinal diseases, including gastroesophageal reflux disease (GERD) and other GI disorders. EGS’ mission is to utilize the most current wisdom in gastroenterology and surgery to develop new transoral procedures and products to address the largest unmet needs in gastrointestinal diseases. EGS is headquartered in the Greater Seattle Area and was founded in 2002.
http://www.ventureloop.com/ventureloop/vb_article.php?natId=528&p=1
EndoGastric Solutions (EGS) has announced that it has closed a round of Series E financing worth $21.5 million. The investment was led by Advanced Technology Ventures and included other current investors. EGS plans to use the funding to support its expanding commercial presence for its market-leading Natural Orifice Surgery (NOS) platform, a platform that includes the EsophyX and StomaphyX surgical devices.
2009 has been a transformational year for the company, seeing it more than double its revenue, case volume and commercial employee base. The company anticipates acceleration of its revenue growth in 2010. Over the past six months EGS has increased its sales and marketing organization to support 30 territories nationwide, and to include a complete marketing, training and reimbursement team. The financing is an indication of the support and enthusiasm shared by current investors for the products and procedures the company is developing.
EndoGastric Solutions is a pioneer in endoluminal procedures for the treatment of upper gastrointestinal diseases, including gastroesophageal reflux disease (GERD) and other GI disorders. EGS’ mission is to utilize the most current wisdom in gastroenterology and surgery to develop new transoral procedures and products to address the largest unmet needs in gastrointestinal diseases. EGS is headquartered in the Greater Seattle Area and was founded in 2002.
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