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TORONTO -- MM Venture Partners is pleased to announce the completion of a $3.0 million venture financing with Ottawa based SOLIDUM Systems Corporation as part of a $10.0MM overall round. SOLIDUM is a fabless semiconductor company that develops high-speed packet classification engines.

Bandwidth demand is growing exponentially and Communications Components OEM's are racing to try and develop new communications components products fast enough to meet the demand. The current hardware that runs the core of these networks is not dynamic, which means that in order to upgrade the networks the hardware must be replaced. Programmable network processors allow companies to develop new technologies, as they are needed.

SOLIDUM has developed the Packet Classifier that can be programmed in an easy and efficient way using SOLIDUM's algorithms and software tools. The classifier is capable of processing policies consisting of thousands of rules without packet loss at data rates of 10 Gigabits/sec. SOLIDUM's key advantage stems from its patented approach to advanced packet classification; compact programmable state machine technology that directly executes policies, protocols and data patterns described using PAX PDL. SOLIDUM has opened the PAX language to the industry while incorporating the benefits of the patented state machine approach into ICs and board level hardware/software offerings for sale to manufacturers.

The rapid growth of the worldwide networking industry is currently nearing $50 Billion. SOLIDUM's patented technology is enabling the network companies to meet this demand.

SOLIDUM is a fabless semiconductor company developing high-speed cell and packet classification engines that provide future-proof solutions for policy-based Quality of Service network equipment. SOLIDUM has the patented core chip technology and implementation techniques to help industry suppliers meet the needs of 21st Century networking: scalable, Quality of Service capable solutions for the converged, services-based Internet. SOLIDUM markets chip and OEM board products as classification pre-processors directly to networking equipment and service application manufacturers like Cisco and Nortel.

"We've identified advanced packet processing solutions as one of the keys to solving the bandwidth demand for 21st century networking. SOLIDUM's product which is capable of processing data at rates of 10 Gigabits/sec is an integral part of solving this need." States MM Venture Partners' Minhas Mohamed.

About SOLIDUM Systems Corp.
SOLIDUM is a fabless semiconductor company developing high-speed cell and packet classification engines that provide future-proof solutions for policy-based Quality of Service network equipment. SOLIDUM has the patented core chip technology and implementation techniques to help industry suppliers meet the needs of 21st Century networking: scalable, Quality of Service capable solutions for the converged, services-based Internet.

About MM Venture Partners
MM Venture Partners is the General Partner of the $150 million GATX/MM Venture Finance Partnership. This privately held venture capital fund focuses exclusively on public and private technology companies in Canada. MM Venture Partners has focused specifically on a niche in the capital markets by providing venture debt financing to Canadian information technology and biotechnology companies. The fund's partner, San Francisco based GATX Capital Corp., is a global diversified investor.

CONTACT:

MM Venture Partners
Ron Patterson, Partner
(416) 977-9718
rpatterson@mmvp.com

SOLIDUM Systems Corp.
Misha Nossik, Founder & EVP
(613) 244-4804 Ext. 213
mnossik@solidum.com
Posted in: Communications




 
     
 
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