• 08/28/2008
    1:55 AM
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Expand Finds Funding & Fixes Sights on M&A

WAN specialist picks up $8.5M from Intel Capital and outlines roadmap
WAN optimization vendor Expand Networks is eyeing new markets, virtualization, and potential acquisitions after clinching $8.5 million in funding from Intel Capital.

There’s a lot of activity at the moment, including global expansion,” says Adam Davison, Expand’s corporate vice president of sales and marketing. “We have opened up in Canada, India, Eastern Europe, Russia, and Latin America.”

The exec was less forthcoming on Expand’s hiring plans, refusing even to confirm the size of the company’s workforce, which is said to number upwards of 150 people.

Like other firms in the rapidly consolidating WAN optimization market, Expand is also considering some M&A action, according to Davison.

“We’re currently looking to potentially acquire technology that aligns to our vision and roadmap,” says Davison, but would not reveal which companies are in the vendor’s cross-hairs.

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