Expand Networks: Difference between revisions
Semperfi4000 (talk | contribs) Mr. Rimer is not a receiver as he was appointed by the court. Therefore he is a liquidator. The company is indeed in the process of being sold to Riverbed for $6.45MM. Once this is done, they will pretty much fire everyone and keep the rolodex.. |
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foundation = 1997 | |
foundation = 1997 | |
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location = [[Roseland, New Jersey]], [[Tel-Aviv, Israel]]| |
location = [[Roseland, New Jersey]], [[Tel-Aviv, Israel]]| |
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key_people = |
key_people = receiver: [[Paz Rimer]]| |
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industry = WAN Acceleration Equipment| |
industry = WAN Acceleration Equipment| |
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products = Accelerator appliances, [[WAN Optimization]]| |
products = Accelerator appliances, [[WAN Optimization]]| |
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'''Expand Networks, Ltd.''', based in [[Tel Aviv]], Israel, is a provider of [[WAN Optimization]] solutions, currently run by a |
'''Expand Networks, Ltd.''', based in [[Tel Aviv]], Israel, is a provider of [[WAN Optimization]] solutions, currently run by a receiver |
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== About == |
== About == |
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Today the company’s technology includes Byte Level [[Cache|Caching]] and Dynamic Compression, Layer 7 [[Quality of Service]](QoS)and Monitoring, Application and Protocol Acceleration, Wide Area File Services. |
Today the company’s technology includes Byte Level [[Cache|Caching]] and Dynamic Compression, Layer 7 [[Quality of Service]](QoS)and Monitoring, Application and Protocol Acceleration, Wide Area File Services. |
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Expand Networks' competitors include; [[Blue Coat Systems]], [[Cisco Systems |
Expand Networks' competitors include; [[Blue Coat Systems]], [[Cisco Systems]], [[Riverbed Technology]]. |
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== Liquidation == |
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In mid October 2011, following the requests of Plenus, one of the company's lenders, an Israeli court appointed a liquidator - Mr. Paz Rimer. The liquidator terminated 24 of the company's employees<ref> Liquidator terminates 24 Expand employees [http://www.globes.co.il/news/article.aspx?did=1000694173]</ref>. 67 of the company's remaining employees have filed with an Israeli court demanding that the court issue a [[liquidation]] order, a process by which a company is brought to an end. <ref> Expand employees request a liquidation order [http://www.calcalist.co.il/local/articles/0,7340,L-3549746,00.html]</ref>. |
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== Acquisitions == |
== Acquisitions == |
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Expand Networks remains a privately held company, and therefore never discloses any of its trading figures to any external parties. |
Expand Networks remains a privately held company, and therefore never discloses any of its trading figures to any external parties. |
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In 2008, the company's revenues were approximately $24,000,000, up from $20,000,000. In 2008, the company lost $13,900,000 - down from a loss of $17,500,000 in 2007.<ref>[http://translate.google.com/translate?js=y&prev=_t&hl=en&ie=UTF-8&u=http://www.calcalist.co.il/articles/0,7340,L-3331505,00.html&sl=iw&tl=en&history_state0= Expand Financial Reports Exposed: 14 million dollar loss, Calcalist]</ref><ref>[http://www.calcalist.co.il/articles/0,7340,L-3331505,00.html דו"חות אקספנד נחשפים: הפסד של 14 מיליון דולר]</ref> |
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In early 2009, the company laid off an additional 20 employees, reducing its global headcount to 150, of which 80 are in Israel.{{Citation needed|date=October 2009}} |
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The company is attempting to raise an additional loan of $3,000,0000, giving participating shareholders an 8x preference. This is effectively a wash-out round giving the company a pre-money valuation of $0 as none of the current shareholders will see any income should the company be sold for less than $24,000,000<ref>[http://translate.google.com/translate?js=y&prev=_t&hl=en&ie=UTF-8&u=http://www.calcalist.co.il/internet/articles/0,7340,L-3363094,00.html&sl=iw&tl=en&history_state0= Expand continues to transmit signs of distress]</ref><ref>[http://www.calcalist.co.il/internet/articles/0,7340,L-3363094,00.html אקספנד נטוורקס הקלה תנאים למלווה פוטנציאלי]</ref> |
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Recently, the company has continued to attract interest from big industry players, with rumours of a potential acquisition by publicly listed competitive vendor [[Riverbed Technology]] in 2009<ref> Globes: Riverbed in Talks to Acquire Expand Networks, Nov 19th 2009 [http://www.globes.co.il/serveen/globes/docview.asp?did=1000514377] </ref> |
Recently, the company has continued to attract interest from big industry players, with rumours of a potential acquisition by publicly listed competitive vendor [[Riverbed Technology]] in 2009<ref> Globes: Riverbed in Talks to Acquire Expand Networks, Nov 19th 2009 [http://www.globes.co.il/serveen/globes/docview.asp?did=1000514377] </ref> |
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Revision as of 22:04, 9 January 2012
 | |
| Company type | Private Company |
|---|---|
| Industry | WAN Acceleration Equipment |
| Founded | 1997 |
| Headquarters | Roseland, New Jersey, Tel-Aviv, Israel |
Key people | receiver: Paz Rimer |
| Products | Accelerator appliances, WAN Optimization |
| Website | www.expand.com |
Expand Networks, Ltd., based in Tel Aviv, Israel, is a provider of WAN Optimization solutions, currently run by a receiver
About
Expand Networks is privately held. The company was founded in 1998; initial financing was provided by Discount Investment Corporation, The Eurocom Group, Ophir Holdings, and a private group of investors, including Memco Software founder Israel Mezin. Additional investors joined in subsequent rounds of funding. The company has raised over $95,000,000 since inception. [citation needed]
Founded by Talmon Marco [5] the business now identifies itself as WAN Optimization specialist[1]
Expand Networks global headquarters is situated in Roseland, New Jersey and Research and Development based in R&D with sales presence in Australia [6] China, [7] across Europe, Israel, Singapore, South Africa and throughout the United States.
The company manufactures accelerators in physical [8], virtual [9] and mobile deployment deployment options.
Today the company’s technology includes Byte Level Caching and Dynamic Compression, Layer 7 Quality of Service(QoS)and Monitoring, Application and Protocol Acceleration, Wide Area File Services.
Expand Networks' competitors include; Blue Coat Systems, Cisco Systems, Riverbed Technology.
Acquisitions
In August, 2005 it was announced that Disksites technology was integrated into the Compass Platform through an OEM agreement[2] Expand later acquired Disksites’ intellectual property, technology, and product line fully integrating into Expand Networks in 2006[3]
In 2008, the company acquired NetPriva, an Australian software provider for $7,300,000 [10] NetPriva specialised in developing software only WAN Optimisation solutions. The acquisition of NetPriva led Expand to deliver a SoftWOC [11]. This solution was launched in 2009 as the Mobile Acceleration Client, or MACC[12]
Additional information
Expand Networks remains a privately held company, and therefore never discloses any of its trading figures to any external parties.
Recently, the company has continued to attract interest from big industry players, with rumours of a potential acquisition by publicly listed competitive vendor Riverbed Technology in 2009[4]