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Technology Stocks : The New QLogic (ANCR) -- Ignore unavailable to you. Want to Upgrade?

To: Roy Sardina who wrote (27720)	8/27/2000 10:32:04 AM
From: Lhn5	Read Replies (1) \| Respond to of 29386

MAC? A for asic?

To: Roy Sardina who wrote (27720)	9/13/2000 12:44:43 PM
From: J Fieb	Read Replies (1) \| Respond to of 29386

OT)?A tip of the hat to Roy, who is in the news.... Ingrian Systems Announces First Round Funding Totaling $4 Million Investors Include Many Veterans From Silicon Valley's Top-Tier Companies REDWOOD CITY, Calif., Sep 11, 2000 /PRNewswire via COMTEX/ -- Silicon Valley entrepreneur Roy Sardina, co-founder and chief executive officer of Ingrian Systems Inc., announced today that his startup has completed its first round of venture funding totaling $4 million. The exciting new venture is developing a series of scalable security products to increase the speed of transactions on the Web while maintaining privacy of data using the Secure Socket Layer (SSL) protocol. The investment was led by a group of individual investors, including Andy Bechtolsheim, Bill Joy and Martin Hellman. Bechtolsheim and Joy are co-founders of Sun Microsystems. Joy is Sun's chief scientist and served on Sun's executive committee, while Bechtolsheim now serves as vice president of engineering at the Gigabit Switching Group at Cisco Systems. Hellman is professor emeritus of electrical engineering at Stanford University. He is best known as the inventor of public key cryptography and for his work to improve the security of national encryption standards. Other high-profile investors include Andrew Dumke, general partner of Pacific Mezzanine Fund; John Hamm, managing director of The Internet Capital Group; Greg Chabrier, most recently vice president for business development at VALinux; and Sardina, co-founder of Tasmania Network Systems, which was acquired by Cisco last year. "We are pleased to have such a strong line-up of investors to help us launch this endeavor and develop ground-breaking solutions in accelerating and managing secure Web transactions," said Sardina. According to a recent IDC Report, by 2003 the number of Web users purchasing products over the Internet is forecasted to increase by 38 percent. This increase in buying will be driven by the greater availability of products along with an improved buyer confidence in Internet security. As a result of this increase in the number of online consumers, Web-based e-commerce is anticipated to grow to more than $1.6 trillion in 2003. "Today, businesses incur high overhead costs by continuing to purchase more servers to meet demands of secure transactions on the Internet," said Sardina. "Ingrian's technology will help in lowering the total cost of ownership by offering a scalable yet accelerated, secure solution which will in turn improve the customer experience." As online services explode, so does the need for accelerated security using SSL (a widely deployed protocol for securing communications on the Web). The fact that the number of Websites using the SSL protocol to secure traffic is doubling every eight months compounds the challenge of accelerating transactions for online customers. Zona Research reports that as much as $4.35 billion in online sales may be lost annually due to unacceptable download speeds and resulting bailout behaviors on the part of users. "There is a great opportunity for Ingrian to speed up secure transactions on the Web by providing a high level of privacy for consumers and businesses," said Martin Hellman, Ingrian investor and Stanford University professor. "Ingrian uses an innovative technology that economically enables companies to provide high performance security." Meanwhile, Ingrian has assembled a seasoned executive team to develop and deliver accelerated secure e-commerce solutions for an ever-increasing market of Web-based customers. The team features: -- Roy Sardina as co-founder and chief executive officer. Most recently, he was co-founder at Tasmania Network Systems and a founding management team member of Brocade Communications Systems; -- Dan Boneh as co-founder, chief scientist and chief technical officer. Currently, he is a professor of Computer Science at Stanford University and head of the applied cryptography group at Stanford; -- Rajeev Chawla as co-founder and vice president of engineering. Previously, he was principal engineer at Healtheon/WebMD and a staff engineer at Sun Microsystems; -- Shiva Mandalam, director of marketing and business development. Previously, he was product line manager at Sun Microsystems where he managed networking and storage products for service providers. About Ingrian Systems, Inc. Launched in January 2000 and located in Redwood City, Calif., privately held Ingrian develops and delivers economical, scalable Web security products that enable accelerated, secure transactions on the Internet. For more information on Ingrian's e-commerce acceleration technology, visit Ingrian at www.ingrian.com.