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December 10, 2006

Crescendo Networks gains additional funding

Application-acceleration products supplier Crescendo Networks Ltd has secured $10m in new financing. The funding round was led by by Evergreen Venture Partners, and included existing investors Apax, StageOne, Magnum, and Convergent Venture Capital Funds.

By CBR Staff Writer

The Israeli company was founded in February 2002 on the back of its $4m seed round. In April 2003, it raised $5.2m in a second round of financing.

Crescendo develops high-performance application acceleration solutions. Its appliances are designed to enhance the performance of server farms and data centers used by small and medium-sized businesses and server storage providers.

Its first products came to market more than a year ago, and the company said its is experiencing strong sales demand. The funding will be used to increase sales and marketing activities, as well as to expand its support team.

Crescendo is headquartered in Israel with a US regional office in New Jersey, and Asian regional offices in Beijing and Singapore.

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