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By
Beth Schultz
Network
World, 04/29/02
Venture capital funding nose-dived in 2001, and young companies folded
left and right, but most of our 2001 start-ups to watch hung tough.
Five of the 10 closed additional rounds of funding in the past 12
months to the tune of $370 million, while two of the companies say
they're close to wrapping up their latest rounds. One company, Ecora,
says sales are supporting its growth just fine. Meanwhile, most have
strengthened their product lines and market positions, bolstered their
management teams and solidified their customer bases. They are becoming
fixtures on the network scene, well worth watching this year again
as signals of an improving business climate.
| Company |
Founded |
|
|
| January 1999 |
|
|
| Finances |
|
$9 million obtained
in a third-round extension closed in July, bringing total
to $81.5 million. | |
|
| Flagship
product |
|
enRole provisioning
system, for access rights management, now in Release 4.0. |
|
|
| 12-month
overview |
|
 Co-launched the XRPM working group to develop provisioning standards.
Forged technology partnerships with Bionetrix, Deloitte & Touche, iPlanet and Netegrity.
Chairman Yuri Pikover, a co-founder, handed over CEO reins to Paul Gigg, formerly CEO of XDrive, a provider of online storage and collaboration solutions. |
|
|
| Customers |
|
U.S. Department
of Labor, i2 Technologies, Merck-Medco, Prudential Financial. |
|
|
|
To top
| Company |
Founded |
|
|
| August 2000 |
|
|
| Finances |
|
No addition to the $11 million in one round reported as of April 2001. |
|
|
| Flagship
product |
|
Peakflow DoS anti-DDoS software, now in Release 2.1. |
|
|
| 12-month
overview |
|
Joined product integration programs of Cisco, Juniper Networks, netForensics and Network Associates.
Partnered with security consulting firm @stake on sales.
Expanded management team. |
|
|
| Customers |
|
Undisclosed. |
|
|
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To top
| Company |
Founded |
|
|
| October 1998 |
|
|
| Finances |
|
No addition to the $175 million in three rounds reported as of April 2001. |
|
|
| Flagship
product |
|
Asera eBusiness Operating System, now in Release 5.0 |
|
|
| 12-month
overview |
|
Forged technology partnerships with Actuate, Intraware, Netegrity and Screaming Media.
Replaced CEO Warren Weiss with David Murphy, who had been president of Tivoli Systems, and expanded management team. |
|
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| Customers |
|
Cadence Design Systems, DSM, Elemica and Steel24-7. |
|
|
|
To top
To top
To top
| Company |
Founded |
|
|
| May 1999
|
|
|
| Finances |
|
No addition to the $12.5 million in private funding reported as of April 2001. |
|
|
| Flagship
product |
|
Configuration Auditor change management software, now in Release 2.0. |
|
|
| 12-month
overview |
|
Signed reseller agreements with Corporate Software, Softchoice, SoftMart and Software Spectrum.
Forged strategic alliance with IBM Global Services under which Ecora assessment tools are used by IBM IT consultants. |
|
|
| Customers |
|
AmGen, Fleet Securities, McKesson, Merrill Lynch, Motorola, Raytheon, Sara Lee, Sempra Energy, Snap-on Tools, University of Pittsburgh Medical Center. |
|
|
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To top
To top
| Company |
Founded |
|
|
| October 1997
|
|
|
| Finances |
|
$54 million in fourth-round financing closed in October, bringing total to more than $117 million. Microsoft is the primary investor in that round, taking a 20% equity stake. |
|
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| Flagship
product |
|
Groove collaboration software, now in Release 1.3. |
|
|
| 12-month
overview |
|
Announced enterprise server line.
Forged technology partnerships with Autonomy, Intraspect Software, PTC, Zyman Marketing Group, and a strategic relationship with Microsoft.
Committed support to the Web Services Interoperability Organization.
Expanded management team. |
|
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| Customers |
|
Anderson, Darpa, Dell, GlaxoSmithKline, Pew Charitable Trusts, Veridian. |
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|
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To top
To top
| Company |
Founded |
|
|
| December 1999 |
|
|
| Finances |
|
$18 million in second-round extension closed in November, bringing total to $85 million. |
|
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| Flagship
product |
|
Surgient eQualibrium architecture and eQ2500 product platform.
|
|
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| 12-month
overview |
|
Released eQ2500 version for streaming applications.
Certified to run RealNetworks' RealServer and Microsoft Windows Media on the eQ2500.
Completed successful live streaming beta test of the eQ2500 with Surfline, a site that delivers surf reports and forecasts.
Expanded management team. |
|
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| Customers |
|
In beta tests.
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