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Clarent  (Stock symbol: CLRN ) Acquired by Verso Technologies (2002 $ 9,800,000)

700 Chesapeake Drive
Redwood City, CA 94063
Website Company Summary Management Team

Outside board: (May no longer be on the board) Tom Elliott (CableLabs Founder);  Mark Hattendorf (Questlink Technology);  Wen-Chang Ko (WK Technology Fund);  Syaru Lin (Goldman Sachs)

Business description: Clarent Corporation is a leading provider of softswitch and enterprise convergence solutions for next generation networks. Clarent solutions enable service providers and enterprises to quickly deploy an integrated network capable of carrying both voice and data traffic, deliver capital and operating expense savings, and generate new revenue opportunities with innovative services.
Customers include: ATandTLucent TechnologiesNortel NetworksSprint;  Avantis Telecom;  Gateway Communications;  Korea Telephone;  Teamcom AS;  Zai-Can Telecommunications
Partners include: DSP GroupMicrosoftNCRPhylonUnisysVoxwareVPNet Technologies;  AudioCodes;  ChinaWeal;  Moneytel;  Natural MicroSystems;  Shiva

Rounds: 3
Capital raised: 18.0M
Ownership: Acquired by Verso Technologies (2002 $ 9,800,000)
Stock Symbol: CLRN
Corporate investors: Intel Capital

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Sector: Communications
Year Founded: 1996
Headcount: 151-200 as of Dec 2002
Rounds: 3
Capital Raised: 18.0M
Ownership: Acquired by Verso Technologies (2002 $ 9,800,000)
Stock Symbol: CLRN