Expand Networks: Difference between revisions
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liquidated = 2011 | |
liquidated = 2011 | |
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location = [[Roseland, New Jersey]], [[Tel-Aviv, Israel]]| |
location = [[Roseland, New Jersey]], [[Tel-Aviv, Israel]]| |
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key_people = [[Liquidator]]: [[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.''' |
'''Expand Networks, Ltd.''' was a [[Tel Aviv]], Israel based provider of [[WAN Optimization]] solutions. The company was liquidated in 2011. |
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== About == |
== About == |
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| ⚫ | Expand Networks was a privately held company, founded in 1998; initial financing was provided by [[Discount Investment Corporation Ltd.|Discount Investment Corporation]], The Eurocom Group, Ophir Holdings, and a private group of investors, including [[Platinum Technology|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|date=October 2009}} |
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| ⚫ | Expand Networks global headquarters was situated in Tel-Aviv, Israel with sales presence across the United States and Europe, New Jersey, Australia <ref>[http://www.crn.com.au/News/148353,local-reseller-chosen-for-expand-networks-win.aspx ''Local reseller chosen for Expand Networks win''] on crn.com.au</ref>, China<ref>[http://www.allbusiness.com/services/business-services/3932897-1.html ''Expand Networks Extends Global Presence - Establishes Expand China.''], on allbusiness.com</ref>, Singapore, and South Africa. |
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| ⚫ | Expand Networks |
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| ⚫ | The company manufactured accelerators in physical<ref>[http://vmblog.com/archive/2010/03/17/expand-networks-continues-virtualization-drive-with-expandview-virtual.aspx ''Expand Networks Continues Virtualization Drive with ExpandView Virtual''] on vmblog.com</ref>, virtual <ref>[http://matthensley.wordpress.com/2009/12/13/expand-networks-virtual-accelerator-vdi-application-virtualization-and-the-wan/ ''Expand Networks Virtual Accelerator: VDI, Application Virtualization and the WAN''] on [http://matthensley.wordpress.com Matt Hensley's Blog]</ref> and mobile <ref>[http://www.cio.com/article/493181/Expect_More_From_WAN_Optimization_Than_Just_Optimization ''Expect More From WAN Optimization Than Just Optimization''] on cio.com</ref> deployment options. |
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| ⚫ | Expand Networks global headquarters |
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| ⚫ | |||
| ⚫ | The company |
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Today the company’s technology includes Byte Level [[cache (computing)|Caching]] and Dynamic Compression, Layer 7 [[Quality of Service]](QoS)and Monitoring, Application and Protocol Acceleration, Wide Area File Services. |
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== Liquidation == |
== 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 gradually terminated the company's employees <ref>[http://www.globes.co.il/news/article.aspx?did=1000694173 ''Liquidator terminates 24 Expand employees''], on globes.co.il</ref> and eventually, on 11 January 2012 sold most of the assets of the company to [[Riverbed Technology]], which immediately terminated all the company's products and ceased support.<ref>[http://www.riverbed.com/us/company/news/press_releases/2012/press_011112.php ''Riverbed Purchases Assets of Expand Networks''], on riverbed.com</ref>. |
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R.I.P. |
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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 |
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On 11 January 2012, [[Riverbed Technology]] announced that it has purchased certain assets of Expand Networks, including its intellectual property, out of liquidation in Israel. Riverbed® did not purchase the corporate entity of Expand Networks and has not assumed any of Expand's liabilities, obligations or contracts. Riverbed plans to make available for purchase new technical support offerings for Expand products, and expects to work with former Expand customers to explore promotional upgrade opportunities.<ref>[http://www.riverbed.com/us/company/news/press_releases/2012/press_011112.php ''Riverbed Purchases Assets of Expand Networks''], on riverbed.com</ref>. |
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== Acquisitions == |
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In August, 2005 it was announced that [[Disksite]]s technology was integrated into the Compass Platform through an OEM agreement<ref>[http://www.networkcomputing.com/other/expand-snaps-up-disksites.php?type=article News article by James Rogers, 15th May 2006]</ref> Expand later acquired Disksites’ intellectual property, technology, and product line fully integrating into Expand Networks in 2006<ref>http://www.it-analysis.com/channels/sys_integration/content.php?cid=8532 ''Acquisition of Disksites''], on it-analysis.com</ref> |
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In 2008, the company acquired [[NetPriva]], an [[Australian]] software provider for $7,300,000 {{Citation needed|date=March 2012}} NetPriva specialised in developing software only WAN Optimisation solutions. |
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The acquisition of NetPriva led Expand to deliver a SoftWOC <ref>[http://www.itbusinessedge.com/cm/blogs/cole/expand-buys-netpriva/?cs=12768 ''Expand Buys NetPriva''], on itbusinessedge.com</ref>. This solution was launched in 2009 as the Mobile Acceleration Client, or MACC<ref>[http://www.networkworld.com/community/node/25234 ''Wanted: Mobile Applications Acceleration''] on networkworld.com</ref> |
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==Additional information== |
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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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Prior to liquidation, the company attracted 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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==External links== |
==External links== |
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Revision as of 17:43, 9 March 2012
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| Company type | Private Company |
|---|---|
| Industry | WAN Acceleration Equipment |
| Founded | 1997 |
| Headquarters | Roseland, New Jersey, Tel-Aviv, Israel |
| Products | Accelerator appliances, WAN Optimization |
| Website | www.expand.com |
Expand Networks, Ltd. was a Tel Aviv, Israel based provider of WAN Optimization solutions. The company was liquidated in 2011.
About
Expand Networks was a privately held company, 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]
Expand Networks global headquarters was situated in Tel-Aviv, Israel with sales presence across the United States and Europe, New Jersey, Australia [1], China[2], Singapore, and South Africa.
The company manufactured accelerators in physical[3], virtual [4] and mobile [5] deployment options.
Expand Networks' competitors included; 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 gradually terminated the company's employees [6] and eventually, on 11 January 2012 sold most of the assets of the company to Riverbed Technology, which immediately terminated all the company's products and ceased support.[7].
R.I.P.
External links
References
- ^ Local reseller chosen for Expand Networks win on crn.com.au
- ^ Expand Networks Extends Global Presence - Establishes Expand China., on allbusiness.com
- ^ Expand Networks Continues Virtualization Drive with ExpandView Virtual on vmblog.com
- ^ Expand Networks Virtual Accelerator: VDI, Application Virtualization and the WAN on Matt Hensley's Blog
- ^ Expect More From WAN Optimization Than Just Optimization on cio.com
- ^ Liquidator terminates 24 Expand employees, on globes.co.il
- ^ Riverbed Purchases Assets of Expand Networks, on riverbed.com