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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 |
location = [[Roseland, New Jersey]], [[Tel-Aviv, Israel]]|
location = [[Roseland, New Jersey]], [[Tel-Aviv, Israel]]|
key_people = receiver : [[Paz Rimer]]|
key_people = [[Liquidator]]: [[Paz Rimer]]|
industry = WAN Acceleration Equipment|
industry = WAN Acceleration Equipment|
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 receiver
'''Expand Networks, Ltd.''', based in [[Tel Aviv]], Israel, is a provider of [[WAN Optimization]] solutions, currently run by a [[Liquidator]]
== 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.


Expand Networks' competitors include; [[Blue Coat Systems]], [[Cisco Systems]], [[Riverbed Technology]].
Expand Networks' competitors include; [[Blue Coat Systems]], [[Cisco Systems]], [[Exinda]], [[Ipanema Technologies]], [[Riverbed Technology]].


== receivership ==
== Liquidation ==


In mid October 2011, following the requests of Plenus, one of the company's lenders, an Israeli court appointed a receiver- Mr. Paz Rimer.
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>.


== 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.


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>


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}}


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>
⚫
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 2011<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>


==External links==
==External links==

Revision as of 05:21, 7 January 2012

Expand Networks, Inc.
Company typePrivate Company
IndustryWAN Acceleration Equipment
Founded1997
HeadquartersRoseland, New Jersey, Tel-Aviv, Israel
Key people
Liquidator: Paz Rimer
ProductsAccelerator appliances, WAN Optimization
Websitewww.expand.com

Expand Networks, Ltd., based in Tel Aviv, Israel, is a provider of WAN Optimization solutions, currently run by a Liquidator

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 [7] 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 [8] China, [9] across Europe, Israel, Singapore, South Africa and throughout the United States.

The company manufactures accelerators in physical [10], virtual [11] 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, Exinda, Ipanema Technologies, Riverbed Technology.

Liquidation

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[2]. 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. [3].

Acquisitions

In August, 2005 it was announced that Disksites technology was integrated into the Compass Platform through an OEM agreement[4] Expand later acquired Disksites’ intellectual property, technology, and product line fully integrating into Expand Networks in 2006[5]

In 2008, the company acquired NetPriva, an Australian software provider for $7,300,000 [12] NetPriva specialised in developing software only WAN Optimisation solutions. The acquisition of NetPriva led Expand to deliver a SoftWOC [13]. This solution was launched in 2009 as the Mobile Acceleration Client, or MACC[14]

Additional information

Expand Networks remains a privately held company, and therefore never discloses any of its trading figures to any external parties.

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.[6][7]

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]

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[8][9]

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[10]

References

  1. ^ News Article: Expand positioned in leaders quadrant 2009 WAN optimization controllers[1]
  2. ^ Liquidator terminates 24 Expand employees [2]
  3. ^ Expand employees request a liquidation order [3]
  4. ^ [4] Source: news article by James Rogers, 15th May 2006
  5. ^ Source: IT Analysis news article 'Acquisition of Disksites'[5]
  6. ^ Expand Financial Reports Exposed: 14 million dollar loss, Calcalist
  7. ^ דו"חות אקספנד נחשפים: הפסד של 14 מיליון דולר
  8. ^ Expand continues to transmit signs of distress
  9. ^ אקספנד נטוורקס הקלה תנאים למלווה פוטנציאלי
  10. ^ Globes: Riverbed in Talks to Acquire Expand Networks, Nov 19th 2009 [6]
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