December 9, 2002
- San Josec CA
Azanda Network Devices today announced that the Fabless Semiconductor Association (FSA), a premier semiconductor trade organization, has selected Azanda as a "Start-Up to Watch" for 2002. Azanda, an innovator in the development of silicon products for managing the way traffic is processed in core, edge and access networks, was selected at this year's annual FSA Awards Dinner held on December 5, 2002 at the Santa Clara Convention Center.
"The FSA's Venture Capital Advisory board felt that Azanda exhibited the defining qualities of a successful start-up - innovation, growth, market opportunity, capitalization and leadership," stated Jodi Shelton, executive director and co-founder of the FSA. "Companies like Azanda that embody these attributes will help the FSA and its member organizations achieve their vision for this industry."
Azanda's Scimitar™ and Saber™ traffic management product families have achieved significant market traction. More specifically, the company's industry-leading traffic management technology delivers fine-grained traffic policing, scheduling and shaping to meet network OEMs' development efforts for reducing overall system cost while incorporating multiple service technologies into a single platform. As a result of this technological leadership and market vision, Azanda has received over $43 million in two rounds of funding from blue-chip investors.
"Azanda is extremely proud to be recognized by the FSA," stated Steve Dines, president and CEO of Azanda Network Devices. "Our team has worked long and hard to achieve the success we've demonstrated so far and we look forward to proving ourselves worthy of 'watching.'"
Semiconductor industry leaders incorporated the FSA in 1994 to achieve a more optimal balance between wafer demand and capacity. FSA members represent fabless companies, integrated device manufacturers, foundry providers, packaging/assembly houses, electronic design automation companies, investment bankers, intellectual property providers and other companies.