Qwilt Raises $24 Million for ISP Video Cache

Qwilt, a start-up based in Redwood Shores, California, has raised $24 million in two rounds of funding for its development of video infrastructure products. The company's mission is to help Internet Service Providers to more efficiently and cost-effectively deliver high-quality video to their customers from sources like Netflix, YouTube and Amazon. The platform will identify, monitor, store and deliver Internet video. Product specifics have not...

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Tekelec Beats Expectations, New $20M Diameter Signaling Router Order

Tekelec pre-announced its Q3 results, saying that it has received a $20 million Diameter Signaling Router related order, the largest Diameter Signaling Router order in its history. Tekelec now expects orders will be between $66 million and $68 million for the third quarter of 2011 -- ahead of market expectations. The $20 million order was received in early October. Revenues for the third quarter 2011 are expected to be between $103 million and...

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Isocore Tests MPLS-TP Interoperability with Spirent

Isocore recently leveraged the MPLS-TP capabilities of Spirent TestCenter to validate interoperability across a multi-vendor network environment that included solutions from Alcatel-Lucent, Cisco, Juniper Networks and NEC. The Spirent gear enables a range of interoperability tests, including testing traffic and OAM over statically provisioned MPLS-TP connections and sending and receiving multicast traffic over next-generation multicast VPNs. http://www.spirent....

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Dell Opens Silicon Valley Research and Development Center

Michael Dell formally opened Dell's newest research and development center on Great America Parkway in Santa Clara, California. Also speaking at the event were California Gov. Edmund G. Brown Jr. and City of Santa Clara Mayor Jamie Matthews. Approximately 700 team members are expected eventually to occupy 240,000 square feet of space in two buildings. In addition to filling new positions, the Silicon Valley facility will allow Dell to consolidate...

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Private Equity Firm to Acquire Alcatel-Lucent's Genesys business for $1.5 Billion

A company owned by the Permira funds has agreed to acquire Alcatel-Lucent's Genesys business for $1.5 billion in cash.Genesys – which reported 2010 sales of approximately US$500 million - specializes in customer service software and contact center solutions for enterprises. The contemplated deal would include the transfer of the approximately 1,800 employees worldwide, the management team and the existing business structure to ensure seamless continuity with customers and other stakeholders.Ben Verwaayen, CEO of Alcatel-Lucent, said: “We have now...

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Riverbed Posts Q3 Revenue of $190 Million, up 28%

Riverbed reported Q3 2011 revenue of $190 million, an increase of 28% from $148 million of GAAP revenue reported in the third quarter of fiscal year 2010 (Q3'10). Non-GAAP revenue increased 29% to $191 million. GAAP net income for Q3'11 was $19 million, or $0.12 per share. This compares to GAAP net income of $14 million, or $0.09 per diluted share, in Q3'10. Non-GAAP net income for Q3'11 was $40 million, or $0.24 per diluted share, as compared to non-GAAP net income for Q3'10 of $27 million, or $0.17 per diluted share.“We are very pleased with...

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European Commission Plans EUR 9.2 Billion Broadband Investment

The European Commission announced plans to invest almost EUR 9.2 billion from 2014 to 2020 on broadband networking projects and digital services. The public funding, which would include equity, debt instruments and grants, aims to spur additional private investments in existing networks. The Digital Agenda for Europe set targets for 2020 of broadband access for all at speeds of at least 30 Mbps, with at least 50% of households subscribing to speeds...

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Ozmo Devices Cites Traction for Low-power Wi-Fi

Ozmo Devices announced a milestone for its low-power Wi-Fi Personal Area Network (Wi-Fi PAN) silicon -- the shipment of its 1 millionth OZMO2000 chip, which started shipping earlier this year."Ozmo is addressing a very large market opportunity currently served by Bluetooth and proprietary 2.4GHz technologies," said Bill McLean, Chief Executive Officer, Ozmo Devices. "Shipping one million units so soon after introducing the OZMO2000 demonstrates...

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Broadcom Combines Baseband Modem+ Net Processor for 4G Microwave Backhaul

Broadcom introduced a system-on-a-chip to address the need for higher bandwidth in 4G mobile backhaul. The new BCM85620 chip is the first SoC to combine a baseband modem and network processor. Targeted platforms are gigabit-class microwave backhaul systems.The device, which integrates the technology of recently acquired Provigent, combines the functionality of up to ten off-the-shelf application-specific standard parts (ASSPs) into one SoC. It...

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ADVA Report Q3 Revenue of EUR 79.3 million

ADVA Optical Networking reported Q3 20111 revenues of EUR 79.3 million, slightly above guidance of between EUR 73 million and EUR 78 million. This compares to EUR 80.5 million in Q3 2010 and is up 1.9% vs. Q2 2011 at EUR 77.8 million. IFRS pro forma operating income, excluding stock-based compensation and amortization & impairment of goodwill & acquisition-related intangible assets, amounted to EUR 5.5 million or 6.9% of revenues, also above guidance of between 2% and 5% of revenues. “We are extremely pleased with our Q3 2011 revenues of...

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