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Peribit Networks  Acquired by Juniper Networks (2005 $ 337,000,000)

2300 Central Expressway
Santa Clara, CA 95050
Website Company Summary Management Team

Outside board: (May no longer be on the board) Jeffrey A Allen (NetApp);  Jim Goetz (Accel) Adam Grosser (Foundation Capital) Janice Roberts (Mayfield Fund) Maynard G Webb (eBay COO)
Former outside board: J Peter Wagner (Accel)

Business description: Peribit Networks is now the world leader in bandwidth creation products that boost application performance. Peribit’s patent-pending Molecular Sequence Reduction (MSR) technology dramatically improves wide-area network (WAN) performance. The development of MSR marks the first time DNA research techniques have been used to bolster the performance and capacity of IT applications. Peribit has discovered that up to 90 percent of WAN traffic is repetitive data. Using MSR, Peribit’s products identify and eliminate repetitive data running over wide area network links, effectively increasing capacity by up to 10 times instantly, without the need for purchasing additional bandwidth. Peribit’s products frequently provide a hard dollar ROI in a matter of months.
Customers include: ArupCintasFairchild SemiconductorIDEXX LaboratoriesQuaker Chemical CorporationRoyal Caribbean CruisesSumitomo;  Absa Group;  Astra Tech;  Atwell-Hicks;  Banco Santander International;  Bank Tabungan Negara;  Bobst Group;  Bridon Group;  British American Tobacco;  Butler Manufacturing;  Cathay Pacific;  Dhipaya;  Dimon;  Dubai Municipality;  EDAG Engineering + Design;  Essilor;  Gray Cary WareAndFriedenrich;  International Aluminum;  JT International;  McKee Foods;  Meyer Corporation;  Ministry of FinanceAndIndustry;  Multichoice;  National Drilling;  New Zealand Bay Of Plenty District Health Board ;  New Zealand Department of Conservation;  Norwood Adam;  Prolog;  Resurgens Orthopaedics;  Ryland Group;  Seminis;  The Truman Arnold Companies;  Toys“R”Us;  Vicinti Networks;  Vivendi Water Systems
Partners include: AvayaEMCIBMNetAppVeritas Technologies;  Centia;  iDirect;  Norwood Adam;  SITA

Rounds: 4
Recent Fundings: Oct 2003   Mar 2002
Capital raised: 41.0M
Last Round: 10.0M
Ownership: Acquired by Juniper Networks (2005 $ 337,000,000)

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Record updated: Apr 2005
Sector: Communications
Year Founded: 2000
Rounds: 4
Recent Fundings: Oct 2003   Mar 2002
Capital Raised: 41.0M
Last Round: 10.0M
Ownership: Acquired by Juniper Networks (2005 $ 337,000,000)