- P-Cube
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P-Cube Ltd. Former type Subsidiary Industry Computer networking Fate Acquired by Cisco Founded 1999 Founder(s) Yuval Shahar, Benny Shnaider, Giora Yaron Defunct 2004 Headquarters Tel Aviv, Israel Products Service delivery platform Website www.p-cube.com P-Cube was a service Delivery Platform company based in the United States, with R&D facilities in Herzliya, Israel. It was acquired by Cisco Systems on August 23, 2004.[1]
History
P-Cube was founded in 1999 by three Israeli technology entrepreneur, Yuval Shahar (who was the company's CEO) and pervialsuy served as a development manager for VocalTec (Nasdaq:VOCL). Benny Shnaider, previously a co-founder of Pentacom, which was also acquired by Cisco in April 2004 for $118 million. The third founder, who was P-Cube's President, Dr. Giora Yaron, was previously president of Indigo NV (Nasdaq: INDG), and general manager of Tower Semiconductor (Nasdaq: TSEM).[2]
The idea for founding P-Cube came as a result of examining ways to improve Internet service providers' profitability. P-Cube offered them the ability to provide additional services for a fee, bringing them much needed dollars that help make them more profitable.
P-Cube has raised raised more than $65 million in venture capital funding from: Granite Global, Accel Partners, ComVentures, Evergreen, Sandoz, and Venture TDF Ventures.[3]
References
- ^ Matsumoto, Craig (August 23, 2004). "Cisco Plucks P-Cube for $200M". Light Reading. http://www.lightreading.com/document.asp?doc_id=58162.
- ^ "P-Cube wants to save the ISPs". Globes. 2 April 2001. http://www.globes.co.il/serveen/globes/docview.asp?did=481154.
- ^ "P-Cube 3rd round brings in $35 million". Israel Venture Capital Journal 2 (4). July 2002. http://www.ivc-online.com/upload/archive/IVCJ/IVCJ-07-02.pdf.
Categories:- Software companies of the United States
- Cisco Systems acquisitions
- Software companies of Israel
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