[April 02, 2007] Comcast Interactive Capital Invests in Vyatta Tweet SAN MATEO, Calif. --(Business Wire)-- Vyatta today announced it has completed its Series B financing led by Comcast Interactive Capital (CIC). In addition to leading the round, CIC has joined the Vyatta board of directors, where it will assist the company in addressing service provider market opportunities for its open-source networking solutions that include routing, firewall, and VPN functionality as well as extensibility for many other network applications. "Service providers are constantly on the lookout for solutions that can generate new revenue streams," said Deepak Sindwani, principal at Comcast Interactive Capital. "Through its innovative use of open-source technologies and integration with best-of-breed third-party applications, Vyatta enables several new potential managed service bundles for small and medium-sized business and enterprise markets. Further, its use of standard x86 hardware provides the opportunity for fundamentally better economics than proprietary hardware products." Comcast Interactive Capital was joined in the new funding round by all of Vyatta's existing investors, including JPMorgan Partners (as advised by Panorama Capital), ComVentures, and ArrowPath Venture Partners, bringing the total venture funding in Vyatta to $18.5 million. The funds will be used for operating capital as the company scales its market penetration and product delivery. "This investment by Comcast Interactive Capital provides further validation of Vyatta's vision," said Kelly Herrell, CEO of Vyatta. "Whether deployed by enterprises or delivered as premise equipment by service providers, the network infrastructure market is at the beginning of a profound wave of change driven by the power of openness. Vyatta is poised to capitalize on this dynamic, and we look forward to working with Comcast Interactive Capital as we drive this change." Vyatta was created to bring commercial-quality, open-source networking products to market. The company is staffed by industry veterans, serial entrepreneurs, and some of the brightest minds in the open source and networking industries who share a passion for flexible, low-cost networking products that allow users to create highly-reliable infrastructure. The Vyatta system is available as a software subscription with tiered service and support options, or as a pre-configured hardware appliance that can be easily dropped into a network. Vyatta has also sponsored the Vyatta Community, a public forum for Vyatta users and developers who are interested in open-source network innovation. For more information on Vyatta products, visit: http://www.vyatta.com/products/plans.php. About Comcast Interactive Capital Comcast Interactive Capital (CIC) is a venture capital fund focused on broadband, enterprise and interactive technologies. CIC is affiliated with Comcast Corporation, a diversified global leader in cable, broadband services, telecommunications, and entertainment. CIC's primary goal is to generate superior financial returns from private equity investments in early-stage technology companies. To achieve this goal, CIC works to foster the success of its portfolio companies by bringing to bear the unique resources, experience, and insight of both CIC and the Comcast family of companies. Additional information is available at www.civentures.com. About Vyatta "Vyatta" is the ancient Sanskrit word meaning "open" - a fitting name for a company that was created to bring commercial-quality, open-source networking products to market. Open source has created a profound change in the market place, shifting the balance of power from large corporations back to the users of products. Open source is about cost savings, increased flexibility and choice, and better security. Vyatta is bringing those qualities to the world of network infrastructure products. For more information, please visit www.vyatta.com. [ Back To TMCnet.com's Homepage ]