Wasabi Systems Receives Funding From Intel Capital

9/12/2002 - Wasabi Systems, the leading commercial provider of the NetBSD operating system for embedded applications, announced an equity investment from Intel Capital. The funding will be used, in part, to develop storage and networking products in collaboration with Intel.

Wasabi Systems is the leading provider of custom products and development services for the NetBSD operating system. NetBSD's small footprint and advanced networking capabilities are necessary components for next-generation embedded systems — the computers hidden in everyday devices such as cell phones, telecom switches and cable set-top boxes. Wasabi's customers have included manufacturers of Internet infrastructure products, storage devices, and set-top boxes.

"Wasabi's expertise and robust NetBSD development environment are a key complement to Intel's storage building block family," said Jeff Dawkins, General Manager of Intel's Storage Components Division. "Wasabi's support of the Intel® XScale® technology-based I/O processors gives developers a strong starting point for developing high performance storage applications."

"The future of storage networking is coming into view and Wasabi and Intel are dedicated to providing high quality next generation storage solutions," said Robert Raucci, CEO of Wasabi Systems. "We are delighted to be working with Intel to help bring these solutions to our customers."

About Intel Capital (www.intel.com/capital)
Intel Capital, Intel's strategic investment program, focuses on making equity investments and acquisitions to grow the Internet economy in support of Intel's strategic interests. Intel Capital invests in hardware, software and services companies in several market segments, including computing, networking, and wireless communications.

About Wasabi Systems (www.wasabisystems.com)
Wasabi Systems, Inc., is the commercial source for NetBSD, an advanced embeddable operating system. NetBSD enables embedded systems manufacturers to produce more functional offerings in less time and at lower cost. NetBSD's small-footprint, full-featured Unix environment runs on the widest range of hardware platforms of any operating system. Wasabi's team, which includes the world's foremost NetBSD developers, provides development, support and customization to customers ranging from small startups to Fortune 500 companies.

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