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ACQUIRED COMPANY
 
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NetXen  Acquired by Qlogic (2009 $ 21,000,000 )

18922 Forge Drive
Cupertino, CA 95014
USA
(408) 861 4500
Website Company Summary Management Team
Team

Management: Govind Kizhepat (CEO);  Vikram Karvat (VP Marketing & Product Development)
Outside board: Bruce Dunlevie (Benchmark General Partner) G Carl Everett (Accel Venture Partner) Thomas H Lee (Stanford University Professor)
Company

Business description: NetXen is a leading provider of high-performance networking and protocol processing solutions. The company stands at the forefront of a major shift in technology in the enterprise datacenter. Blade servers, server consolidation, and the convergence of network fabrics at 10 Gigabit speeds are driving an exponential increase in both data volumes and complexity. Against this backdrop of escalating network processing demands, IT managers must also address the challenge of system power consumption and cooling, and integrating more flexibility into their datacenters. NetXen has a unique solution to address these needs. n March 2006, we introduced the Intelligent NIC™, the industry's first programmable, multi-protocol networking solution designed for volume 10GbE markets. The Intelligent NIC silicon and board-level products are ideally suited for enterprises seeking cost-effective, high-performance solutions that alleviate critical IT infrastructure problems while scaling datacenter performance. The patented NetXen chip architecture delivers advanced capabilities for the next generation of server networking, substantially improving datacenter performance and agility. NetXen's Intelligent NIC™ provides network I/O processing capabilities at multi-gigabit and 10 Gigabit speeds. The key technology breakthrough and genesis of NetXen is the Protocol Processing Engine, a purpose-built processor with a patented architecture that provides state-machine-like performance for I/O processing tasks, while being fully programmable. This engine allows NetXen Intelligent NICs to achieve unprecedented levels of performance. And it does so in a manner that permits our products to continue to evolve, adapt and extend to meet the ever-changing IT requirements of the Agile Datacenter™.
Customers include: Silverstorm ;  Supermicro
Partners include: Alacritech Blade Network Technologies Cisco SystemsForce10 Networks HPIBMLefthand Networks MicrosoftNovellOpen-E Red HatXenSource;  Fujitsu Computer Products of America;  Fulcrum Microsystems;  Inventec ;  Sigma Resources ;  Supermicro.com
Capital

Rounds: 1
Recent fundings: Jun 2005
Capital raised: 14.6M
Last Round: 14.6M
Ownership: Acquired by Qlogic (2009 $ 21,000,000 )

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Overview
Record updated: May 2009
Sector: Communications
Year Founded: 2002
Rounds: 1
Recent fundings: Jun 2005
Capital raised: 14.6M
Last Round: 14.6M
Ownership: Acquired by Qlogic (2009 $ 21,000,000 )