CLOUD

Astute Networks has announced it has received a significant capital investment from Tallwood Venture Capital.  The investment will enable Astute Networks to expand its existing customer base and secure additional design wins for its ATCA (Advanced Telecommunications Computing Architecture) bladed storage products.

"We continue to see growth in the ATCA market segment and believe that Astute Networks has a significant competitive advantage with its innovative storage technology," said George Pavlov, general partner, Tallwood Venture Capital.  "With this round of funding, Astute Networks will be able to enhance its portfolio of ATCA storage offerings to its customer base and further its market reach."

Astute Networks is a proven technology leader with systems in use worldwide by a variety of customers in telecommunications, defense and other mission-critical environments.  The company developed the industry's first 10Gb iSCSI ATCA storage blade with the performance required to support the bandwidth needs of these next-generation applications.

The strategic infusion of capital from Tallwood Venture Capital will provide the foundation for expansion of the Astute Networks' storage technology, and to augment its support for a variety of applications.

"The support from Tallwood Venture Capital further validates the company's success to date and the opportunities that lie ahead," said Keith Klarer, vice president hardware engineering, Astute Networks.  "We believe the company is well positioned for continued growth in the ATCA market and the development of new product offerings will offer the prospect of many new design wins."