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Alteon Web Systems  (Stock symbol: ATON ) Acquired by Nortel Networks (2000 $ 7,500,000,000)

50 Great Oaks Blvd
San Jose, CA 95119
Website Company Summary Management Team

Outside board: (May no longer be on the board) Adam Grosser (Foundation Capital General Partner) Tench Coxe (Sutter Hill Ventures);  Peter Morris (NEA);  Andrew W. Verhalen (Matrix Partners)

Business description: Alteon Web Systems connects clusters of multivendor servers to the network, improving server performance, freeing up the network to move data traffic more smoothly.
Partners include: Blue Coat SystemsCompaqDECIBMInktomiNECNetAppSilicon GraphicsSun Microsystems

Rounds: 4
Capital raised: 58.0M
Ownership: Acquired by Nortel Networks (2000 $ 7,500,000,000)
Stock Symbol: ATON
VCs include: Focus VenturesMatrix PartnersNEAOnset VenturesSutter Hill VenturesTCV;  Korean Technology Banking Corp
Corporate investors: GE Capital

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Record updated: Jul 2000
Sector: Communications
Year Founded: 1996
Headcount: 151-200 as of Jul 2000
Rounds: 4
Capital Raised: 58.0M
Ownership: Acquired by Nortel Networks (2000 $ 7,500,000,000)
Stock Symbol: ATON