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Wednesday October 18, 4:54 pm Eastern Time Press Release SOURCE: Extreme Networks, Inc.
World's Fastest Ethernet Metro Networks Powered by Extreme Networks
First New 10 Gigabit Ethernet Metro Networks Demonstrate Extreme Networks' 'Ethernet Everywhere' Vision SANTA CLARA, Calif., Oct. 18 /PRNewswire/ -- The world's first operational 10 Gigabit Ethernet metro networks are built on Extreme Networks, Inc. (Nasdaq: EXTR - news) broadband networking solutions. Providing customers with unprecedented speed for Internet access, these new 10 Gigabit Ethernet metro networks reveal a breakthrough in networking and fulfill Extreme Networks' vision of ``Ethernet Everywhere.''
Faster speeds have enabled Ethernet to gain wide acceptance as a viable technology for the emerging metro, service provider and multi-tenant building markets. The two new 10 Gigabit Ethernet metro networks managed by IntelliSpace, which launched the first 10 Gigabit Ethernet metro this summer, and Yipes, validate how this technology allows for next generation networks that run at speeds previously only available with costly SONET -- the technology traditionally used in metro networks. Ten (10) Gigabit Ethernet networks provide users with the infrastructure needed to leverage the Internet and the increasing number of bandwidth intensive applications that are being introduced daily.
``With Ethernet at optical speeds, organizations are for the fist time able to offer customers unprecedented throughput to the Internet at costs attractive to local businesses,'' said Marc Josephson, CEO of Intellispace, the first and leading provider of 10 Gigabit Ethernet metro networks. ``Extreme Networks is at the forefront by executing its vision and providing reliable products to truly deliver Ethernet technology to cities where businesses are eager to reap the benefits.''
``The demand for faster networks grows daily and by using Extreme Networks' 10 Gigabit Ethernet switching solutions we will be able to meet customer needs and super charge their applications,'' said Jerry Parrick, CEO of Yipes. ``Without scalable Ethernet we wouldn't be able to deliver the speed and service value for which Yipes is so widely known.''
``Ethernet Everywhere''
Extreme Networks was founded back in 1996 to reduce the complexity in networking and to increase performance with Ethernet. The Company's family of broadband switching solutions addresses the challenge of exploding bandwidth requirements generated by the growing use of the Internet, intranets and extranets. Extreme Networks' metro switching solutions offer tiered IP services and flexible bandwidth provisioning, enabling Service Providers to turn-up services incrementally and allow customers to purchase only the bandwidth they need when they need it.
``Our increased customer base signals the growing acceptance of scalable Ethernet in metro, regional and large enterprises networks,'' said Gordon Stitt, president and CEO of Extreme Networks. ``Intellispace's and Yipes' new 10 Gigabit Ethernet networks are proof that the networking infrastructure for the Internet age will be built with Ethernet.''
Extreme Networks provides an integrated WDMi module that directly interfaces with the fiber backbone enabling wire-speed switching. 10 Gigabit Ethernet speeds are available from the core of the datacenters to the customer's back office, optimized for IP applications and storage area networking.
IntelliSpace Ethernet Metro Networks
IntelliSpace is the pioneer of commercial in-building, Ethernet based Internet access and advanced data solutions. The company provides tenants of its wired buildings with unequaled bandwidth (64K to 10G), guaranteed reliability and unmatched customer service (2 to 5 day install, with 24/7 support). IntelliSpace's unique eValve capability allows the company to instantly upgrade its customers, enabling them to satisfy their bandwidth needs via fiber-based Metropolitan Area Networks. With the help of its strategic allies, Metromedia Fiber Network, Global Crossing, Extreme Networks, and Cabletron, IntelliSpace has wired more than 85 million square feet of commercial real estate in major metropolitan markets around the country. Markets include New York, Chicago, San Francisco, Boston, Philadelphia, Baltimore, Washington D.C., Stamford, San Diego and New Jersey. For more information on IntelliSpace, visit www.intellispace.net.
Yipes' Ethernet Metro Networks
Yipes is the defining provider of a new class 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' networks typically provide bandwidth at less than half the price of traditional data communications services. Yipes' services, currently available in 15 cities coast-to-coast, include Yipes MAN (metro area networking service), Yipes WAN (wide area networking service) 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. In its first two rounds of funding, Yipes received $91 million from Norwest Venture Partners, New Enterprise Associates (NEA), The Sprout Group/DLJ, Soros Private Equity Partners, Chase Capital Partners, BancBoston Ventures/Robertson Stephens, NewSpeed Capital and strategic investors including Extreme Networks and Intel Capital. The company is headquartered in San Francisco. For more information, visit www.yipes.com.
About Extreme Networks
Extreme Networks is a leading provider of high-performance, broadband networking solutions designed for the Internet economy. The Company's family of Summit®, Alpine and BlackDiamond® switching solutions are built on a unique combination of ExtremeWare(TM) management software and an ASIC-based common architecture that enable service providers, e-businesses and enterprises to expand their businesses and be more competitive by speeding traffic through a simplified, super scalable network infrastructure.
Headquartered in Santa Clara, Calif., Extreme Networks sells its award-winning switching solutions in more than 50 countries through authorized resellers. The Company was listed as the ``Fastest Growing Company in Silicon Valley'' based on three-year revenue growth by The Silicon Valley Business Journal. For more information, visit www.extremenetworks.com.
This press release may contain forward-looking statements relating to future events and future product development that involve risks and uncertainties. These statements are only predictions and actual results could differ materially from those anticipated in these statements based upon a number of factors including future sales, technical development, product introduction by Extreme Networks and by competitors. These and other risks relating to Extreme Network's business are set forth in Extreme's filings with the SEC, specifically the most recent report on Form 10-K, and the other reports filed from time to time with the SEC.
NOTE: Extreme Networks, BlackDiamond and Summit are registered trademarks of Extreme Networks, Inc. Alpine and ExtremeWare are trademarks of Extreme Networks, Inc.
SOURCE: Extreme Networks, Inc.
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