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ACQUIRED COMPANY
 
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Procket Networks  Acquired by Cisco Systems (2004 $ 90,000,000)

1100 Cadillac Court
Milpitas, CA 95035
USA
(408)-635-7900
Website Company Summary Management Team
Board

Outside board: (May no longer be on the board) Jorge A. del Calvo (Pillsbury, Winthrop Partner) James Becker (Qwest);  Stuart Phillips (U.S. Venture Partners) Daniel J. Warmenhoven (NetApp CEO) Geoffrey Yang (Redpoint Ventures)
Former outside board: Jorge DeCalvo (Pillsbury);  Richard Lowenthal (councilman)
Company

Business description: Procket Networks has developed new IP networking technology and products that change today's Internet into a highly reliable, scalable and profitable New Network. We let our customers focus on building successful businesses rather than troubleshooting their networks. Our team of proven network and silicon architects set out to solve the problems plaguing today's Internet including 20 year old software, unreliable routing hardware and the lack of intelligent network management systems that are resulting in traffic congestion, low reliability, poor scalability and reduced profitability. Procket Networks has fundamentally redesigned the network from the ground up with breakthrough software, silicon, high-availability routing systems and service intelligence innovations that are designed to make the New Network always available, effortless, reliable, predictable, economical and as dependable as the utility services we rely on every day.
Customers include: IDC's;  ILEC's;  IXC's;  Stealth Communications
Partners include: Mentor Graphics;  Axeda Systems;  NTT Communications;  Technica
Capital

Rounds: 2
Recent Fundings: Mar 2002   Feb 2001
Capital raised: 272.0M
Last Round: 238.0M
Ownership: Acquired by Cisco Systems (2004 $ 90,000,000)

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Overview
Sector: Communications
Year Founded: 1999
Headcount: 201-300 as of May 2003
Rounds: 2
Recent Fundings: Mar 2002   Feb 2001
Capital Raised: 272.0M
Last Round: 238.0M
Ownership: Acquired by Cisco Systems (2004 $ 90,000,000)