Flash Networks and Novatel Wireless announced a strategic business alliance agreement to provide optimized wireless solutions for CDPD wireless...
Flash Networks Secures $9.5 Million in Second-round Funding
Flash has closed $9.5M in second-round financing led by investors Gilat Satellite Networks, Giza GE Venture Capital III, Argoquest, and the Challenge Fund.
NETWORLD + INTEROP 2000, LAS VEGAS, NV (May 10, 2000) - Flash Networks, a global provider of network-enhancement solutions, announced today that Cable & Wireless, a major global telecommunications business, has selected Flash Networks' technology, NettGain™, to accelerate Internet access in Asia-Pacific. Cable & Wireless HKT intends to integrate and deploy NettGain across 500 remote stations by the end of 2000.
NettGain increases data transmission speeds over satellite connections by up to four-fold and significantly improves performance and reliability of data communications over two-way and hybrid satellite network links, with download speeds improving proportionally as bandwidth capacity expands.
"We are impressed with the throughput increases achieved by NettGain," said Kwok-Wah, Chan, general manager, Broadcast & Fixed Satellite Services of Cable & Wireless HKT. "Some countries in the Asia-Pacific region rely heavily on satellite communication due to the underdeveloped network infrastructure. Flash Networks can provide us with a reliable solution that brings satellite communication performance to terrestrial levels and beyond."
Cable & Wireless HKT is deploying NettGain to enhance its Multimedia Satellite Services in Hong Kong and various locations across the region. Generally, the satellite links are 1.2 Mb/s in size with a terrestrial return channel. With NettGain in place, average download speeds will triple, giving the company an edge over the local competitors.
About Cable & Wireless HKT
Cable & Wireless HKT, a Cable & Wireless company, is Hong Kong's major full-service communications provider, marketing a full array of quality voice and data telecommunication services backed by a state-of-the-art, fully digital fiber-optic network. Services include basic telephony, mobile telephony, international calls, specialized fax and data products, value-added services, Internet access, multimedia services, satellite links and telecommunications equipment and systems.
The outstanding quality of Cable & Wireless HKT's services was recognized in the global award of "Most Competitive Local or National Carrier" conferred in the Financial Times Global Telecommunications Awards in October 1999. Additionally, in a survey conducted by CFO Asia in November 1999, Cable & Wireless HKT was named as the number one company in Asia based on the wealth it has created for shareholders.
Apart from owning and operating Asia's largest commercial teleport, Cable & Wireless HKT is a pioneer in a wide range of communications solutions, such as launching the world's first fully digitized urban network, the world's first fibre-optic cable linking China, and the world's first interactive television services. With customers in 70 countries, Cable & Wireless is a major global telecommunications business with revenue of around £8 billion in the year ended March 1999 and over 50,000 employees. Its businesses around the world offer a range of services spanning broadband data and Internet services, fixed and mobile voice, as well as interactive entertainment and information. Cable & Wireless' priority for expansion is the fast growing market of data and IP (Internet Protocol) services for business customers. Since November 1998, it has announced major investments in advanced networks in the US and Europe, the restructuring of Cable & Wireless Communications in the UK and has acquired full control of Cable & Wireless IDC in Japan to support this strategy. Cable & Wireless now holds a unique position in terms of global coverage and services to business customers.
About Flash Networks
Flash Networks is an innovative developer of performance enhancement software for networked applications that enables enterprise networks, application service providers, satellite networks and broadband wireless carriers to effectively utilize existing bandwidth for high-speed TCP/IP connections. Founded in 1996, the company has customers on five continents and maintains offices in New Jersey and Herzelia, Israel