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Press Releases
IP Address Management Leader Nominum Secures $16 Million in Additional Funding Mar 22 2005 Latest round led by Advanced Technology Ventures brings total investment to $45 million REDWOOD CITY, Calif. - March 22, 2005 – Nominum, the leader in IP address management, today announced it has raised $16 million in additional funding. The new funding round was led by Advanced Technology Ventures (ATV). Existing Nominum investors Bessemer Venture Partners, Morgenthaler Ventures, Globespan Capital Partners, Presidio Venture Partners, Silicon Valley Bank and other strategic investors also participated in the funding round. With the new funds, the total equity investment in Nominum is now $45 million. Nominum will use this investment to continue expansion of their worldwide sales and business operations in support of its Nominum Foundation™ product family. “The increased reliance on Internet technologies for worldwide communications is raising the bar on the crucial name-and-address network infrastructure,” said Steve Baloff, general partner of Advanced Technology Ventures. “Nominum has the people, expertise and solutions to improve on fundamental technologies that underlie the Internet, making the company a key element of a marketplace that is primed for growth.” “With this new financing and investor support, Nominum is well-positioned to extend its current leadership in IP name and address management software,” said Chris Risley, CEO of Nominum. “This latest round of funding validates investor confidence in our offering of carrier grade solutions for today’s critical network infrastructure.” Nominum worldwide customers include British Telecom, Samsung Networks, ASAHI Net, COLT Telecoms, NTL, Telewest, 3, and KPN. Leveraging the powerful performance of Nominum’s DNS, DHCP and IP name and address management product suite, service providers and enterprises are implementing Nominum’s software to provide a reliable, secure, and cost effective platform from which to run their mission critical operations. About Advanced Technology Ventures Founded in 1979, Advanced Technology Ventures (ATV) is a bi-coastal venture capital firm with more than $1.4 billion in capital under management. The firm works closely with entrepreneurial teams in several technology markets, including communications, IT infrastructure, software and services, and healthcare technologies, to build emerging-growth business ventures into market leaders. With more than 25 years of experience, ATV has a proven track record of success in helping to build strong, sustainable business enterprises. About Nominum Nominum is the leading provider of IP address infrastructure solutions for Global 2000 companies. Nominum provides the Industry’s only high-scalability and high-availability Internet name and address solutions for the always-on network. Nominum’s Foundation product family includes scalable, reliable and secure DNS and DHCP servers and IP address management (IPAM) systems. These solutions allow service providers to deliver a carrier-grade telecommunications infrastructure that supports the rapidly growing demand for new services, and allows enterprises to create resilient and reliable networks that are responsive to changing business conditions. For further information visit www.nominum.com Note: Nominum and the Nominum logo are registered trademarks of Nominum Inc. All other trademarks are the property of their respective owners. |