Bivio Networks Secures $15.8 Million in Funding

Silver Creek Ventures Leads Round to Fund Rapidly Growing Demand for Bivio's High-Performance DPI Platform

• Press Release
• Source: Bivio Networks
• On 7:57 am EST, Tuesday December 9, 2008

PLEASANTON, CA--(MARKET WIRE)--Dec 9, 2008 -- Bivio Networks (www.bivio.net), the leader in networking systems for deep packet inspection (DPI)-enabled applications and services essential for network security, visibility, control and monetization, today announced the company has secured $15.8 million in funding led by Silver Creek Ventures. In addition, ITOCHU Corporation, ITOCHU Techno-Solutions Corporation (CTC), and Cross Technology Partners join existing investors, including InterWest Partners, Storm Ventures, Venrock Associates and Goldman Sachs, that have reinvested in the current round. Bivio Networks continues to experience record growth in shipments of its groundbreaking product line, meeting increased demand for DPI platforms that deliver the foundation for next-generation network infrastructure.

"This investment is indicative of Bivio's continued market momentum and demonstrates the industry's demand for a platform that enables a new era of advanced networking," said Dr. Elan Amir, CEO of Bivio Networks. "With this funding, Bivio is well-positioned to continue to lead the market by delivering deep packet inspection and processing capabilities that enable the execution of today's emerging network services."

Funding will be used to accelerate global sales, expansion of operations and continued product development. It will also drive the expansion of Bivio's worldwide marketing and business development efforts, including advancement of its technology and channel partner program initiatives.

"Silver Creek is committed to supporting companies that deliver innovative offerings which meet critical market needs," said Mark Masur, General Partner at Silver Creek Ventures. "Bivio's unique DPI platform is essential for today's organizations requiring greater visibility into and control of their network. Led by an impressive management team, Bivio is an excellent investment and the company's proven success speaks for itself."

Bivio experienced record growth in 2007 which has continued in 2008, sustained by rapid growth of the Bivio 7000 series that delivers the industry's most powerful packet processing platform for the first true 10 Gbps deep packet processing solution.

Bivio's standard Linux platforms enable network infrastructure solution vendors, application software vendors, federal government agencies, network service providers and strategic vertical enterprises to easily and efficiently deliver network aware, control and monetization services. Customers greatly benefit from the security, cost, performance and time-to-market benefits that result from using Bivio's network appliance platform. Bivio is ideal for the most demanding mission-critical applications. Bivio's application and network processor scaling technology makes it the leading choice for the deep packet processing required by a variety of services including security, information assurance, network surveillance, IPv6, P2P and application traffic management, VoIP infrastructure, content management and insertion, and data leakage, among others.

About Bivio Networks

Bivio Networks delivers networking systems for DPI-enabled applications and services essential for network security, visibility, control and monetization. Only Bivio Networks delivers a broad-based approach to DPI-enabled applications and services, combining wire-speed performance, advanced networking technologies and a standard Linux environment. Bivio products simplify and speed the development and deployment of a wide-range of applications to better control and increase the value of networks. More information is available at www.bivio.net.