CAMBRIDGE, England and SANTA CLARA, Calif., -- CacheLogic today announced the closure of a $20 Million Series C funding round led by Amadeus Capital Partners strongly supported by existing investor 3i along with syndicate members Pentech Ventures and The Cambridge Gateway Fund.
CacheLogic will use the new funding to expand sales coverage for the Company's established P2P technologies into new geographies and extend its product portfolio to provide support for the delivery of legitimate video content. CacheLogic is uniquely placed to facilitate the use of P2P technology for content delivery over the Internet by balancing the requirements of both Internet Service Providers and content owners alike.
CacheLogic was founded in 2002 and has grown to become the leading provider of P2P technology to the ISP sector and the authority in its field. From this position the next evolution for the Company is to bring its technology and expertise together to facilitate a whole new generation of content distribution over the Internet. The springboard for this evolution is its current suite of complementary products, which offer carrier-grade solutions enabling ISPs to achieve significant cost savings through the intelligent management of P2P traffic across their networks.
Commenting on the investment, Amadeus Partner Simon Cornwell, said: "2007 will be the year of first large scale consumer launches of video content, currently being trialled by companies including the BBC, Warner Brothers and NTL. As more content owners embrace peer-to-peer to deliver content, this market has the potential to grow substantially over the next two years and CacheLogic, already a global leader in peer-to-peer, is well positioned to become a major player in this space."
Pat Chapman-Pincher, CEO at CacheLogic said: "Having established CacheLogic as the leading provider of P2P technology to the ISP marketplace, we are now expanding our products to cater for the needs of the content owners and distributors. With the benefit of this additional funding we will quickly broaden our market coverage and bring exciting new offerings to market."
3i partner, Ben Gales, added: "We were first attracted to CacheLogic over 18 months ago as a company that understood the P2P space and its potential to transform the way rich media is distributed. We are delighted with how the business has developed since then. Today major firms are recognising the value they can obtain from using CacheLogic's solutions -- reaping the economic benefits of P2P with the quality of service of conventional distribution networks. We look forward to working with Amadeus and the rest of the syndicate, to support the management to achieve their future expansion plans."
Notes to Editors
About CacheLogic (http://www.cachelogic.com)
CacheLogic provides a suite of complementary products that deliver traffic management and network intelligence solutions to the Internet Service Provider and telecommunications sectors. CacheLogic's core products provide carrier- grade solutions that enable ISPs to achieve significant cost savings through the intelligent management of Peer-to-Peer traffic across their networks, without affecting the end-user experience. In January 2004 CacheLogic set up its analysis network to provide traffic analysis from within the ISP networks across the Globe. The network ensures CacheLogic maintains leadership in understanding the changing nature of traffic across the Internet and, in particular, its impact upon Service Provider networks.
Today through its proven track record, market-leading P2P management solution and its commitment to research and development, CacheLogic is considered the leading authority in its field. CacheLogic is currently working with a number of Digital Rights Holders and Broadcasters on their strategies for the distribution of legitimate video content using P2P technologies.
About Amadeus (www.amadeuscapital.com)
Amadeus is one of Europe's leading technology investors. Since its inception in 1997, the firm has backed over 50 companies covering computer hardware and software, mobile and fixed communications technologies and medical technologies. Investments include Cambridge Silicon Radio, producing single chip bluetooth radios for short range connections and floated on the London Stock Exchange in 2004, Optos, a manufacturer of laser retinal scanners which this year had a successful IPO on the London Stock Exchange, Cambridge Broadband, developing technologies for wireless broadband networks in countries with poor infrastructure and Valista, an electronic payments company.
About 3i (http://www.3i.com)
3i is a world leader in private equity and venture capital. We focus on Buyouts, Growth Capital and Venture Capital and invest across Europe, in the United States and in Asia Pacific. Our competitive advantage comes from our international network and the strength and breadth of our relationships in business. These underpin the value that we deliver to our portfolio and to our shareholders.
3i's Venture Capital business focuses on investing in scaleable start-up and early-stage businesses. The business currently manages over 200 investments across Europe, US, Asia and Israel, valued in excess of euro 1bn. 3i's VC investments fall into four main industry sectors, including healthcare, telecommunications, software and electronics/semiconductors.
3i's recent investments include TransMedics (organ transplant system), Sulake (gaming community), The Cloud (wifi), TransTech (airfield monitoring) and DiBcom (mobile TV) with successful realisations for Interhyp, KuDOS Pharmaceuticals, Arakis, dtms, RedDot, UbiNetics, CSR, Element5, Bookham and many others.
About Pentech Ventures (http://www.pentechvc.com)
Pentech Ventures is a specialist UK early-stage software investment fund. Pentech invests in "best of breed" software companies that can demonstrate strong technical leadership with products addressing global markets.
Investing in UK and Ireland, Pentech was formed in July 2001 and has made 11 investments to date. All of Pentech's portfolio companies have very strong intellectual property positions. Pentech Partner, Dr. Sandy McKinnon, also board director of Sonaptic, Rapid-Mobile and OmniPerception will be on the CacheLogic board.
Pentech Ventures are part of Penta Capital Partners and are regulated under the FSA.
About Cambridge Gateway Fund (http://www.cambridgegateway.com)
The Cambridge Gateway Fund is a 35 million pounds Sterling early-stage venture fund based in Cambridge, UK. From its base at the centre of one of the world's fastest growing technology clusters, the Fund commits capital and resources across the UK, actively seeking to find and build exceptional early- stage companies with unique technology in the IT, communications and life science sectors. The Fund is advised by Gateway Global Partners Ltd, an FSA- authorised venture capital fund management company.
