ROSELAND, N.J. -- Expand Networks, www.expand.com, a leading provider of application acceleration solutions over the Wide Area Network (WAN), today announced that it 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 Expands 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.
Expand Networks Inc.