Expand Networks Secured $8.5 Million of Funding

Expand Networks, provider of application acceleration solutions over the Wide Area Network (WAN), has secured $8.5 million of funding primarily led by Intel Capital and existing investors. The new funding will be used to supplement research and development of Expand’s next generation of WAN Accelerators, specifically in the areas of virtualization and VDI (Virtual Desktop Infrastructure), and help finance near-term technological acquisitions.

“We are delighted Intel Capital has led this round of funding  which will give us further momentum in the growing WAN Optimization market and our leadership position within it,” said Elie Barr, CEO of Expand Networks. “Market maturity combined with the changing economic climate has transformed WAN Optimization from being ‘nice to have’ to a ‘business necessity’ representing a great market opportunity for Expand to attack.”

“The rise of the distributed enterprise has led to an increase in branch offices and the exponential growth of remote and mobile workers demanding access to centralized corporate resources,” said Ashish Patel, managing director of Europe, Middle East and Africa (EMEA), Intel Capital. “This places pressure on WAN infrastructures to overcome disruptive latency issues in order to support an enterprise’s mobile computing strategy; our investment in Expand Networks will help them tackle these pressure issues and address a fast growing market opportunity.”