3/11/2003 - InfiniSwitch Corporation and Lane15 Software, Inc., announced the merger of their companies. This merger unites the leader in InfiniBand switch products for high-performance computing and enterprise datacenters with the leader in management software for fabric computing. The company will operate under the name InfiniSwitch.
As part of the merger, InfiniSwitch announced the completion of an additional round of venture financing. Current venture investors include: Austin Ventures, Bessemer Ventures, Columbia Capital, Convergent Ventures, Flagship Ventures, Index Ventures, Lightspeed Venture Partners, Moore Capital Management, and TL Ventures. Strategic investors include: Dell, HP-Compaq, Intel and Quanta Computer. Alisa Nessler, CEO and president of Lane15, was named CEO of the company and joins the Board of Directors. Rob Adams, of Austin Ventures, and Bernard Dallé, of Index Ventures, were elected new members to the Board of Directors.
“InfiniSwitch's focus on fully integrated solutions for datacenter infrastructure is a strong differentiator in an increasingly fragmented market,” said Bill Strecker, Managing Director of Flagship Ventures and former CTO of Compaq. “With industry- endorsed technology, a growing list of partnerships, and a solid balance sheet, the company is poised to turn the promise of next-generation computing into reality.”
“The synergies created by the merger are immediate and will continue to grow over time,” Alisa Nessler stated. “Over the past two years the two companies have worked closely to create winning solutions for mutual OEM customers. By merging we will now leverage all of our assets to make this a one plus one equals three equation.”
“InfiniSwitch has accomplished a great deal over the past three years. Today the company is poised for success with new funding and a winning solution set soon to be launched,” said Don Zereski, former CEO of InfiniSwitch Corporation. “It’s has been a privilege to lead this company to this point and I am excited to see the company moving to the next stage of growth.”
“Lane15 is the management software de facto standard for high speed fabric networks,” said Rob Adams, Partner at Austin Ventures. “This position of strength combined with InfiniSwitch’s pre-eminent market position is a powerful combination that goes straight to the core of what customers need, a high speed, integrated fabric management solution from a single vendor.”
Offices will be maintained in Westborough, MA and in Austin, TX.
About InfiniSwitch Corporation
InfiniSwitch Corporation is the recognized market leader in developing InfiniBand switching solutions designed for the data center. InfiniSwitch’s technology leaders have a proven industry track record designing, developing and delivering switch and system solutions at leading companies such as Compaq, Data General, Digital Equipment, IBM, Lucent and Nexabit. InfiniSwitch is located in Westborough, Massachusetts, and is a member of the IBTA Steering Committee. For additional information visit www.infiniswitch.com.
Lane15 Software is the leading provider of management software for fabric computing, including the industry de facto standard fabric manager. Lane15 products provide the fabric management solution that all enterprise-computing centers require to deliver greater centralized control and computing power on demand. Lane15 is on the Steering Committee of the InfiniBand Trade Association (IBTA), a member of the Data Access Transport (DAT) Collaborative, The Open Group Interconnect Consortium. Among Lane15 customers are IBM Corporation, Dell Inc., InfiniCon Systems, InfiniSwitch Corporation, Intel Corporation, JNI Corporation, Agilent Technologies and Mellanox Technologies. For additional information visit www.lane15.com.
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