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ACQUIRED COMPANY
 
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Azanda Network Devices  Acquired by Cortina Systems (2005)

250 Santa Ana Court
Sunnyvale, CA 94085
USA
(408)-720-3100
Website Company Summary Management Team
Management

CEO: Steve Dines (4/01)
Technology: Rami Zecharia (1993)
Sales/Marketing: Dean Grumlose; Tom Griffin
Board

Former outside board: Sid Agrawal (Zambeel CEO) Colleen Salo (Newbury Ventures)
Former advisory board: Rob L. Soni (Bessemer Venture Partners)
Company

Business description: Azanda Network Devices is an innovator in the development of silicon products for the optical metro network, the access portion of core networks, and enterprise networks at the WAN edge. It is poised to evolutionize the datapath architecture of high-speed optical line cards by using an open architecture approach to managing the way data traffic is processed. Azanda's high-performance silicon products, such as ScimitarTM AZ61100 and AZ61120, help OEMs leverage their existing investments in systems and accelerate their product time to market. Azanda's traffic management products integrate three critical functions into a single-chip: 1) simultaneous packet and ATM switching; 2) hierarchical shaping and scheduling; and 3) IP-to-ATM, or Frame Relay-to-ATM interworking via an integrated, wire-speed Segmentation and Re-assembly (SAR) engine. Moreover, Azanda's products concurrently perform these functions for as many as one million Virtual Circuits (VCs) at full-duplex OC-48 speeds.
Capital

Rounds: 4
Recent Fundings: Mar 2004   Aug 2002
Capital raised: 58.4M
Last Round: 5.4M
Ownership: Acquired by Cortina Systems (2005)
VCs include: Bessemer Venture PartnersHighland Capital PartnersNewbury VenturesGoldman SachsSatwik Venture Capital Partners;  Commonwealth Capital Partners;  GS PEP Technology Fund;  Parker Price Venture Capital;  75 Wall Steet Technology Partners;  Dresdner Kleinwort Capital
Corporate investors: China Development Industrial Bank

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Overview
Record updated: Jun 2005
Sector: Communications
Year Founded: 2000
Headcount: 51-75 as of Apr 2002
Rounds: 4
Recent Fundings: Mar 2004   Aug 2002
Capital Raised: 58.4M
Last Round: 5.4M
Ownership: Acquired by Cortina Systems (2005)