Turin Networks Announces Completion of Merger with Force 10 Networks
Operating as Force10 Networks, Combined New Company Delivers Intelligent Services Networks for Leading Enterprises and Service Providers
SAN JOSE, CALIFORNIA (April 2, 2009) – Turin Networks today announced the completion of the merger with Force10 Networks®. The combined new San Jose-based company is operating as Force10 Networks, Inc. and supports a product portfolio optimized to deliver best-in-class solutions for wireless and wireline service providers, portal and web 2.0 providers as well as high performance enterprise data centers.
“With the completion of the merger, Force10 Networks is now uniquely positioned to deliver innovative, cost-effective solutions that address data center consolidation, virtualization and cloud computing as well as enabling carriers around the world to transition to IP/Ethernet optimized networks and services,” said Henry Wasik, president and CEO of Force10 Networks. “With the management team in place as well as fully aligned sales, marketing and partner ecosystem programs, Force10 has a newly focused mission to deliver solutions that enable a higher level of performance across the network at a lower total cost of ownership.”
Today, the combined company’s customers including leading enterprise data centers, global wireless and wireline service providers, top supercomputing environments and iconic Internet brands have derived significant value from Force10’s solutions. More than 60,000 cell sites are using Force10 wireless backhaul solutions worldwide, while more than 1,400 customers have deployed its Ethernet switching/routing, metro edge and converged access solutions.
“In the current economic environment, both service provider and data center network administrators are evaluating vendors based on carrier-class performance metrics driven by new applications, including virtualization, cloud computing and mobile computing that require ultra reliable lossless characteristics,” said Zeus Kerravala, vice president of research at the Yankee Group. “Force10’s complete product portfolio was designed from the ground up to meet the stringent specifications of both service providers and next generation data centers, delivering an enhanced alternative that addresses the new economics of networking.”
Industry analyst firm IDC projects two million 10 GbE ports will be deployed in data centers around the world in 2010, while data center Ethernet switching revenue will grow at a CAGR of 8 percent to reach $6.4 billion in 2012. Industry analyst firm Ovum RHK forecasts that the market for pseudowire and Ethernet backhaul transport equipment will grow by more than a factor of 10 between 2008 and 2012 to reach more than $5 billion in 2012.
Advanced Equities served as the financial advisor on the transaction.
About Force10 Networks
Force10 Networks develops high-performance data center solutions powered by the industry’s most innovative line of open, standards-based, networking hardware and software. The company’s Open Cloud Networking framework grants Web 2.0/portal operators, cloud and hosting providers, enterprise and special-purpose data center customers new levels of flexibility, performance, scale and automation—fundamentally changing the economics of data center networking. Force10 Networks operates globally, providing 24×7 service and support to its customer base in more than 60 countries worldwide. For more information, visit www.force10networks.com.
StoryPR on behalf of Force10 Networks Inc.
Force10 Networks, the Force10 Networks logo, Force10, E-Series, Traverse, and TraverseEdge are registered trademarks and Open Cloud Networking, Z-Series, ZettaScale, ExaScale, S-Series, TeraScale, FTOS, Open Automation, are trademarks of Force10 Networks, Inc. All other company names are trademarks of their respective holders.