In the News
We want to congratulate our portfolio companies, which continue to garner industry recognition for innovation, fast growth, compelling business models, and exceptional talent. As always, they are working hard to broaden product lines, grow revenue, and expand operations. Below is a small sampling of some noteworthy recent events.
Visit the portfolio news section of our website to learn more about all of the companies we work with.
| Congratulations to Kashya, (Tel Aviv, Israel, and San Jose, CA) acquired by EMC in a cash transaction valued at approximately $153 million. Kashya started as a “team-in-residence” with Battery in 2001, and grew to be recognized as a leading provider of enterprise-class data replication and data protection software. | |
Congratulations to CBeyond (Nasdaq: CBEY), which began trading on Nasdaq in the fourth quarter of 2005. |
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| Spot Runner launched earlier this year, gaining immediate recognition for their breakthrough concept from a number of leading publications including AdWeek, Business Week, Fortune, The New York Times, Red Herring and The Wall Street Journal. | |
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Veraz Networks continues to win industry accolades for its extensively deployed VoIP solutions. Most recently, TMC®’s INTERNET TELEPHONY® magazine named Veraz’s I-Gate 4000 EDGE media gateway as a recipient of a 2005 Product of the Year Award. |
| The team at IP Unity are consistently looked to as industry leaders, invited to present at technical and business forums around the world. Earlier this Spring, CEO Arun Sobti gave the keynote address at VON China. | |
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At the Consumer Electronics Show (CES) in January, Luminus Devices introduced its breakthrough solid state light source for rear-projection televisions (RPTVs), garnering widespread attention and Insight Media’s “Best Buzz Award.” |
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Congratulations to Spot Runner, The NewsMarket and Ruckus Network for being named to AlwaysOn’s “AO100 Hollywood” list of top digital entertainment companies. |
ITA’s CEO Jeremy Wertheimer was named a “Top Travel Innovator” by Travel & Leisure magazine — which writes: “In 1994, Wertheimer set out to create a system that would use the Internet rather than mainframes to search for and store airline fares. Today, his technology powers such travel sites as Orbitz and Kayak and is used by US Airways, Alitalia, Continental, and Alaska Airlines for their own sites. This year, ITA will be the first company to build a major airline's reservation system from the ground up….” Travel & Leisure, April 2006 |
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BladeLogic continues to add to their list of large enterprises who depend on their software to keep data center operations running smoothly. ETrade, The Chicago Mercantile Exchange and Virgin Mobile are a handful customers joining the roster in recent months. |
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| Earlier this year, optical transport solutions company Optium acquired Engana to expand its product line. | |
Raza Khan and Vishal Garg, co-founders of MRU, and Luminus Devices’ co-founder Alexei Erchak, were named to Business Week’s collection of “Tech’s Best Young Entrepreneurs: Under 30, on the Cutting Edge.” |
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| Arbor Networks has launched a blog to drive industry dialog and share their expertise and cutting-edge research on network availability, malware and flow-based monitoring. Bloggers include members of the Arbor Security Engineering & Response Team (ASERT), who are responsible for evaluating burgeoning Internet-scale threats that could cause significant infrastructure damage to Arbor Networks customers. Join the discussion at http://asert.arbornetworks.com/. | |
After hitting its 2-millionth customer milestone in February, MetroPCS continued its reach into new markets with subsequent service launches in the Dallas/Fort Worth and Detroit metro areas. |
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Bangalore-based Tejas Networks, a leader in next-generation optical networking products, was named as the “Distinguished Product Company” by NASSCOM at the Product Summit 2005. |
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| Billy McNair, Peerflix co-founder, joined the debate over legal issues in content distribution, and made the case for legal peer-to-peer networks as a panelist on Next Generation P2P Music and Film at the Digital Hollywood Spring conference. | |
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Since launching in 2005, LifeMed Media’s dLife — the only primetime offering dedicated solely to those living with diabetes — has held a steady viewership of nearly a half-million for its Sunday, 7pm time slot on CNBC. Continuing the momentum, the company recently singed carriage deals for dLife with DirecTV, Dish Network, Healthy Living Network and XM Satellite Radio. |
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As a sponsor of this year’s MIT $50K competition, we’re proud to congratulate all of the participants and finalists, and offer special congratulations to this year’s winners: Stericoat and Centromigrante. |
Catalina Marketing was profiled recently in Stores Magazine based on their use of Netezza’s data warehousing appliance to cost-effectively achieve better targeting, faster query speeds and improved manageability. This quarter, Netezza continues its customer momentum with the addition of a significant number of large enterprises, including: Classmates Online, Commonwealth of Massachusetts, Debenhams, iBasis, Restoration Hardware and The Carphone Warehouse. New worldwide resellers include: Etica Software, ICare, Keyrus, KEYSOFT Solutions and Nihon Unisys Group. |
© 2006 Battery Ventures. All rights reserved.




