• E-mail
• Print
• Comment
• Font Size
• Digg
• del.icio.us
• Discuss article

Cymphonix Receives $5.4 Million Investment From Intel, vSpring and Prospector Equity Capital

Posted on: Thursday, 9 March 2006, 09:00 CST

Cymphonix today announced it has received an investment from Intel Capital as part of the company's $5.4 million Series A funding round. Intel joins vSpring Capital of Salt Lake City and Prospector Equity Capital of Park City, Utah as investors. This investment will be used to expand the company's solutions and the marketing reach of its products.

"Organizations face increasing conflicts between security and user requirements as network traffic grows," said Kirt Bailey, investment manager for Mobile and Communications Sectors at Intel Capital. "Cymphonix's XLi technology makes it easier for administrators to identify and stop threats, abuses and non-critical traffic."

Cymphonix Cross-Layer Intelligence(TM) (XLi) technology will also be included in Intel's Converged Application Platform (CAP) reference design, which allows enterprises to integrate and deliver voice, data, and video over a single IP network. More information is available at http://www.cymphonix.com/intelplatform and http://www.intel.com/netcomms/technologies/voice/cap.htm.

Greg Warnock, partner at vSpring Capital, said, "There is growing demand for smarter, next-generation network management solutions. Intel's investment in Cymphonix helps meet that demand, and Cymphonix's participation in CAP will bring the value of XLi Technology to Intel customers."

Cymphonix delivers smart gateway appliances that give organizations control over users, applications and threats by correlating isolated events to optimize network usage, security and performance. Patent-pending Cross-Layer Intelligence Technology scans, identifies and controls network traffic, allowing administrators to see and control the applications and users that tax network resources and to stop threats before they enter the network.

About Cymphonix

Cymphonix Corporation, headquartered in Sandy, Utah, uses patent-pending Cross-Layer Intelligence technology to provide unmatched network threat protection and resource optimization. With the powerful XLi engine, Cymphonix products seamlessly integrate network protection, application performance, and traffic visibility into a single, easily managed solution. More information about Cymphonix can be found at http://www.cymphonix.com.

About Intel Capital

Intel Capital, Intel's venture capital organization, makes equity investments and strategic acquisitions to stimulate technology growth and advance how people work and live. Intel Capital's mission is to find and support innovative companies worldwide. It invests in technology companies targeting digital entertainment, enterprise computing, networking and communications, software development and manufacturing. Created in 1991, Intel Capital has invested more than US$4 billion in approximately 1,000 companies in more than 30 countries through 2005. During this time, about 160 portfolio companies have been acquired by other companies and another 150 have gone public on various exchanges around the world. Intel Capital currently employs investment managers in about 25 countries worldwide. In 2005, Intel Capital invested about US$265 million in about 140 deals, with approximately 60 percent of dollars invested outside the U.S. For more information, visit www.intelcapital.com.

Cross-Layer Intelligence(TM) (XLi) is a trademark of Cymphonix Corporation.

Source: Business Wire

More News in this Category