AVCI...Avici Systems Expands Into Asia; Expansion Targets One of World's Largest Telecom Markets
N. BILLERICA, Mass., Apr 9, 2001 (BUSINESS WIRE) -- Avici Systems Inc. (Nasdaq:
AVCI), a leading provider of scalable core routing solutions for intelligent
IP-over-optical networks, today announced the opening of offices in Beijing and
Hong Kong, to better target one of the largest telecom markets in the world.
Avici's new offices, its first in the Asia-Pacific region, will enhance its
ability to support local customers and partners.
According to telecommunications analyst firm RHK, the Asian market is expected
to account for 48 percent of worldwide Internet usage by 2003, with China alone
adding two million users per month. "The exponential growth of Internet use in
Asia validates the need and demand for new IP infrastructure. In order to
compete in the worldwide IP router market, Avici Systems is establishing a
strong sales, service and support presence in Asia," said Steve Kaufman,
president and COO of Avici Systems. "Regional customers and partners will
benefit from our direct presence in this market."
Avici's sales, service and support capabilities in Asia include partnerships
with Nissho and Itochu in Japan, Samsung in Korea, and CommVerge Solutions in
the Pan-Asian region.
Avici is the only vendor with a proven scalable core routing solution to fulfill
carriers' needs as they create 21st century networks to increase profits, reduce
costs and improve the velocity of provisioning new IP services. Its TSR(R), a
leading core routing platform, though capable of reaching terabit speeds, is --
more importantly -- incrementally scalable from gigabit to terabit capacity
while in service, unlike competitive fixed-configuration routers. With the TSR,
Avici is capitalizing on the rapidly expanding worldwide market opportunity for
core routers, which RHK estimates to be $4.5 billion in 2001, $8.6 billion in
2002 and $12.7 billion in 2003.(1)
About Avici Systems
Avici Systems Inc., headquartered in North Billerica, Mass., is a developer of
next-generation Internet backbone platforms that optimize and drive creation of
all-optical "speed-of-light" networks. Designed to bring packet intelligence to
the core of optical networks, Avici's technologies offer superior scalability,
resiliency and port density enabling just-in-time bandwidth provisioning, high
reliability and the quality of service needed for carriers and ISPs to support
mission-critical applications of the future. Visit Avici's World Wide Website at
avici.com. |
