Yipes Earns Industry Acclaim for Optical IP Networks; Six Major Trade Journals Honored Yipes for Innovation in 2000.
SAN FRANCISCO--(BUSINESS WIRE)--Jan. 3, 2001
Yipes Communications, Inc., the defining provider of bandwidth on demand, today announced that it was honored last year by six major trade publications, within its first 10 months of providing service. Their editors and expert panels recognized Yipes' pioneering deployment of uniquely scalable optical networks using Gigabit Ethernet for faster, more flexible and affordable service.
The honors came from America's Network, Computerworld, Inter@ctive Week, The Net Economy, Network World and Telephony, leading observers of the networking, data communications and telecommunications industries:
-- In April, America's Network honored Yipes as one of "12 red-hot startups" based on its unusually "innovative response to a business problem or opportunity." The magazine noted that one of its winners "might be the next
Cisco."
-- In September, Inter@ctive Week and The Net Economy awarded Yipes an Interop Infrastructure Award for innovation, "because it was the first company to bring
Ethernet service, carried over an optical network, to major metropolitan areas across the country."
-- In November, Computerworld named Yipes one of "100 companies to watch." The editors and a panel of industry experts chose the winners from 10 key technology areas as likely "winners" in 2001 based on their innovation and
proven ability to execute.
-- In December, Network World named Yipes CEO Jerry Parrick as one of a select group of network industry leaders who form "the industry's power base."
-- Also in December, Telephony magazine recognized Yipes as one of "Ten to Watch" in 2001. The editors selected companies they believe "will make headlines during the next year -- maybe indefinitely," based on their "push for
competitive ascension."
Dozens of industry analysts also singled out Yipes for praise last year, based on the appeal of its optical IP network architecture and its proven ability to serve customers across the country with scalable bandwidth, ranging from 1 Mbps all the way up to 1 Gbps in 1 Mbps increments. (See yipes.com
"Despite the difficulties of a volatile market and stiff competition, Yipes met its milestones and achieved a remarkable record of accomplishments in 2000," said Nick Maynard, analyst for the Yankee Group in Boston. "That record speaks both to the strength of its technology and the experience of its management team."
"We are indeed honored that our pioneering rollout of Ethernet-based optical networks in regions coast-to-coast has been so widely recognized and appreciated," said Jerry Parrick, Yipes CEO. "The weight of so many expectations might paralyze some startups, but Yipes has gone from concept to nationwide deployment in record time. Our 20 markets, 23,000 miles of lit fiber strands and more than 100 operational customer sites all reflect our success in breaking bandwidth bottlenecks that until now have slowed the spread of Internet applications and cost businesses untold sums of money."
Yipes currently serves 20 markets across the country. Its customers include ISPs and ASPs, Web-based businesses, software developers, law firms, major medical facilities, universities, financial institutions, school districts and government agencies.
Yipes is the defining provider of managed optical IP networks. Yipes leverages the elegance of native Ethernet technology to provide Just-In-Time Bandwidth(SM) that is smoothly and quickly scalable from 1 Mbps to 1 Gbps (in 1 Mbps increments), enabling the next generation of Internet services. Yipes' highly affordable services, currently available in 20 markets coast-to-coast, include Yipes MAN (metro area networking), Yipes WAN (wide area networking) and Yipes NET (high-speed Internet access). Yipes is building the first Application-Aware Network(SM), which will empower customers to manage bandwidth and quality of service on a real-time, application-specific basis. Yipes has received $265 million in funding from more than 20 investors including Norwest Venture Partners, New Enterprise Associates (NEA), The Sprout Group/DLJ, Charter Growth Capital, Chase Capital Partners, BancBoston Capital, Soros Private Equity Partners and Intel Capital. The company is headquartered in San Francisco. For more information, visit www.yipes.com. |
