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Financing Solutions that Fit
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 in financing.

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 board.

"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 (, a principal member of the Optical Internetworking Forum (, and a participating member of CSIX (, and the 10 Gigabit Ethernet Alliance (

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

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
Heather McCulligh
Tel: 650-621-0066

Solidum Systems Corp.
Tim Feldhousen
Tel: 831-461-0940
Posted in: Communications

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