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