OTTAWA, Canada/Scotts Valley, CA -- Solidum Systems Corp., a fabless semiconductor company and leader in wirespeed
packet processing technology, today announced that it has secured US$16.5 million
The investment was led by Vertex Management Israel and included strategic investment
from Intel Capital. Nomura International also participated in the round as a new
investor together with existing investors Business Development Bank of Canada,
Formula Growth Fund, Lawrence & Co. and Skypoint Capital.
Solidum will use this investment to expand its packet classification product family,
grow the engineering and operations team and as working capital to establish volume
revenue streams from key customers.
"We are pleased with this investment, which allows us to expand all areas of our
development team with emphasis on ASIC, FPGA, software and applications engineers,"
said Richard White, President and CEO of Solidum. "We will also build on our operations
force as we grow our network of strategic partners and lead customers."
Solidum develops products that enable wirespeed classification of data packets
for Original Equipment Manufacturers (OEMs). Solidum's classification co-processors
are capable of processing policies consisting of thousands of rules while maintaining
packet integrity at data rates of 10 Gigabits per second. The company's patented
approach to advanced packet classification directly implements policies, protocols
and data patterns described using PAX PDL, a language that Solidum has opened
to the industry.
"Intel Capital invests in companies, such as Solidum, with innovative solutions
to create the next generation network," said Tony Stelliga, General Manager of
Intel's Optical Division. "Solidum is helping define the field of packet classification
technology, and we look forward to working with Solidum in this growth area."
Solidum recently announced the appointments of industry veterans Antoine Paquin
and Scott Marshall to its board of directors. The company also announced that
Dr. Gideon Shichman, Vice President of Vertex Management Israel has joined the
"Vertex Management Israel's investment in Solidum Systems follows our strategy
of investing in key next generation information networking technologies," said
Dr. Shichman. "Solidum's co-processor will play a key role in converged and QoS
managed network edge devices. We are excited about Solidum's team and technology
and are confident that the company will contribute to and impact positively on
the communications industry."
About Solidum Systems Corp.
Established in 1997 and based in Ottawa, Canada, and Scotts Valley, CA, Solidum
is a leader in the development of wirespeed packet classification products. Solidum's
unique approach, based on programmable state machine technology and an openly
distributed pattern processing language, accelerates the time to market for a
wide range of broadband network applications. The company develops ICs for high-speed
communication equipment manufacturers. Solidum is a founding member of CPIX (
www.cpixforum.com), a principal member of the Optical Internetworking Forum (www.oiforum.com),
and a participating member of CSIX (www.CSIX.org), and the 10 Gigabit Ethernet
About Intel Capital
Intel Capital, Intel Corporation's strategic investment program, focuses on making
equity investments and acquisitions to grow the Internet economy, including Internet
infrastructure, content and services in support of Intel's strategic interests.
For more information, visit www.intel.com/capital
About Vertex Management
Vertex Management Israel manages three venture funds with a total capital of $250
million and is part of the international Vertex venture capital Group. The Group
manages $1 billion through offices in the United States, the United Kingdom, Israel,
Singapore, Taiwan and Hong Kong. Vertex Management Israel investments focus primarily
on seed and early stage Israeli, Israel-related and North American start-up companies
that specialize in the areas of Telecommunications, Information Networking and
Internet Enabling Technologies.
For more information, please contact:
High Road Communications
Solidum Systems Corp.