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1.12.09Rally Software Acquires 6th Sense Analytics

12.16.08Core Capital Partners Participates in $5 Million Round for JackBe

12.15.08Roundbox Secures Over $20 Million in Series C Financing

11.18.08Rollstream Secures $6 Million in Series B Capital Led by Core Capital

11.13.08Core Capital's Tom Wheeler Named to FierceWireless List of Top U.S. Wireless Innovators of All Time

11.12.08Core Capital Partners Invests in $14.5 Million Round for Trust Digital

10.17.08V.i. Labs Secures $4 Million in Additional Funding

9.11.08Core Capital Partners Realizes Successful Exit with the Sale of SwapDrive, Inc.

6.25.08BridgeWave Enables Transition to WiMax and LTE by Expanding Mobile Backhaul Efforts with $10M Series 4 Round

2.26.08Core Capital Announces Merger of Covega and Gemfire


RALLY SOFTWARE ACQUIRES 6TH SENSE ANALYTICS

Acquisition boosts Rally’s capabilities for complete visibility and predictability across the Agile development lifecycle

Boulder, CO (January 12, 2009) - Rally Software Development Corp.®, the Agile lifecycle management leader, today announced that it has acquired the assets of 6th Sense Analytics, Inc., provider of an on-demand automated metrics collection and analysis solution for development organizations. The acquisition of 6th Sense Analytics' product capabilities and team of experienced developers will build on Rally's recent 2008.6 product release to deliver more access to project data and easier ways to report progress and quality across the Agile development lifecycle.

"If you can't accurately measure software delivery, then you can't improve it," said Tim Miller, CEO of Rally. "We're thrilled that we were able to take advantage of this opportunity to incorporate 6th Sense Analytics' rich reporting capabilities to the Rally platform, as well as add a phenomenal development team to our staff."

In December, Rally introduced its sixth product release of 2008, which was all about the power of real-time project information in driving Agile development for distributed teams. Rally Release 2008.6 gives Agile organizations more access to project data, deeper integration with other development and management systems and easier ways to report progress and quality. The acquisition of 6th Sense Analytics will build upon the 2008.6 product release to add rich analytics and trending to Rally's Agile application lifecycle management platform.

"Having built an on-demand analytics engine for software development, we felt that Rally and 6th Sense were an excellent fit," said Todd Olson, co-founder and president of 6th Sense Analytics. "We're excited to kick-off Rally's remote development operations in North Carolina and use our analytics expertise to give development teams the information to build faster and cut costs in 2009."

About Rally
Rally is the Agile lifecycle management leader dedicated to making development organizations leaner and more responsive to customer needs. According to a study by QSM Associates, teams that rely on Rally's Agile lifecycle management products and services are 50% faster to market and 25% more productive than plan-based, waterfall projects. Rally's products were honored with three consecutive Jolt Product Excellence Awards (the industry's Oscars) in 2006, 2007 and 2008. The company's end-to-end solutions for Agile development also include Agile University, the largest source for Agile training, and Agile Commons, the largest collaborative Web 2.0 community dedicated to advancing software agility. For more information, visit www.rallydev.com.

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CORE CAPITAL PARTNERS PARTICIPATES IN $5 MILLION ROUND FOR JACKBE

Funding Bolsters Growth Strategy for Enterprise Mashup Software Leader

Washington, D.C. (December 16, 2008) – Core Capital Partners, a leading venture capital firm that invests in high-growth technology companies, today announced its participation in a $5 million round of funding for JackBe, a leading provider of enterprise mashup software. The capital will support sales and marketing initiatives for JackBe’s award-winning enterprise mashup software product, Presto.

JackBe’s enterprise mashup software solves the quintessential information problem: accessing and combining data from disparate internal and external data sources and software systems to support timely decision-making. JackBe enables application developers and end users to make more effective decisions and independently complete daily tasks through self-service data access while meeting the toughest enterprise security and governance requirements.

“Mashups can greatly enhance the enhance productivity, adaptability and return-on-assets of an enterprise. JackBe’s Presto Enterprise Mashup Platform delivers on this promise with a scalable, secure enterprise-grade solution,” said Pascal Luck, managing director of Core Capital Partners. “As an award-winning thought-leader in this market, JackBe is uniquely positioned for significant growth.”

Luis Derechin, CEO of JackBe, added: “Our continued relationship with Core Capital Partners reinforces our position in the enterprise mashup industry. Core Capital Partners plays a critical role in shaping our corporate development initiatives and JackBe’s collaboration with Core enables us to further accelerate our mission of transforming this innovative web concept into a practical business solution.”

About JackBe
JackBe delivers trusted mashup software that empowers organizations to create, customize and collaborate through enterprise mashups for faster decisions and better business results. JackBe’s innovative Enterprise Mashup Platform, Presto, provides dynamic mashups that leverage internal and external data while meeting the toughest enterprise security and governance requirements. Presto provides enterprise mashups delivered to the user in 3 clicks versus 3 months. For more information, visit www.jackbe.com.

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ROUNDBOX SECURES OVER $20 MILLION IN SERIES C FINANCING

Florham Park, NJ (December 15, 2008) - Roundbox, Inc., the leader in mobile broadcast software, today announced it secured over $20 million in financing in a round that reflects an increase in shareholder value. Montagu Newhall Associates led the financing round with additional funding from existing investors Core Capital Partners, Polaris Venture Partners, and RRE Ventures. The round also closed with an investment from strategic investor ITOCHU Techno-Solutions Corporation (CTC), a leader in advanced IT solutions and outsource services based in Japan. Along with the equity investment, Silicon Valley Bank has provided venture debt financing. The company will use the funding to enhance and extend their position in the mobile broadcast market with key investments in the areas of product development and customer delivery.

“Roundbox has proven to be a leader in enabling the delivery of mobile broadcast services. We are delighted to join the Roundbox team, and excited about the company’s momentum and position in the market,” said Jim Lim, general partner at Montagu Newhall Associates.

“Roundbox and CTC share a common vision for mobile broadcast in Japan,” said Junichi Maruta, general manager of telecom systems planning division at CTC. “Together we have successfully delivered mobile broadcast demonstrations for KDDI and other service providers. This investment reinforces our commitment to Roundbox and this partnership.”

“In these economically challenging times, those companies who can advance and forge ahead, will be the leaders in the markets they serve,” said Roundbox co-founder and CEO Dennis Specht. “With this strong syndicate and round, we will continue to work with our investors, customers, and partners to execute on our long-term vision and build a market-leading company.”

About ITOCHU Techno-Solutions Corporation (CTC)
Established in 1972, ITOCHU Techno-Solutions Corporation (CTC) provides advanced IT solutions and offers various outsourcing services, such as operations by its own data centers. CTC supports such market segments as telecommunications, broadcasting, finance, retail, distribution, manufacturing, education, government, medicine, pharmaceutical, chemicals and apparel. CTC has formed partnerships with more than 200 leading IT companies from nine countries. These partnerships range from those with global multinational IT companies to those with highly focused venture businesses. Around 6,500 people work for CTC throughout Japan, and our service edge lies in offering one-stop 7 x 24 support in approximately 100 service centers. www.ctc-g.co.jp/en/

About Montagu Newhall Associates
Montagu Newhall Associates, founded in 2000, manages four venture capital funds with a combined total of over $900 million in committed capital. Investors in these partnerships, which include family offices, corporate pension funds, endowments, foundations and other venture capitalists, are provided access to diversified portfolios of top-tier venture capital funds and a select number of high quality, later-stage, direct venture capital investments. The Montagu Newhall Associates team leverages its substantial network, relationships and investment experience to provide a superior venture capital product to its investors. For more information, visit www.montagunewhall.com.

About Polaris Ventures
Established in 1996, with offices in Waltham and Seattle, Polaris has over $3 billion under management. Polaris Venture Partners have helped build numerous market leading companies, including Accordant Health Services, Advanced Inhalation Research, Akamai Technologies, Allaire, Alnylam Pharmaceuticals, American Superconductor, Aspect Medical Systems, Avici Systems, Centra Software, Classifieds2000, deCODE genetics, Exchange.com, Matrics, Microbia, Momenta Pharmaceuticals, Paradigm Genetics, Powersoft, PSCI, SolidWorks and TransForm Pharmaceuticals.

About RRE Ventures
New York-based RRE Ventures, founded in 1994 by Jim Robinson III, Jim Robinson IV and Stuart Ellman, invests in entrepreneurial technology companies placing special emphasis on e-commerce, software, communications and related enterprises that can become industry leaders in rapidly growing markets. With $600 million under management, RRE combines significant capital resources with a proven track record of successful managerial, financial and technical experience, in addition to corporate contacts that create value for its portfolio companies.

About SVB Financial Group
For 25 years, SVB Financial Group and its subsidiaries, including Silicon Valley Bank, have been dedicated to helping entrepreneurs succeed. SVB Financial Group is a financial holding company that serves emerging growth and mature companies in the technology, life science, private equity and premium wine industries. Offering diversified financial services through Silicon Valley Bank, SVB Analytics, SVB Capital, SVB Global and SVB Private Client Services, SVB Financial Group provides clients with commercial, investment, international and private banking services. The Company also offers funds management, broker-dealer transactions, asset management and a full range of services for private equity companies, as well as the added value of its knowledge and networks worldwide. Headquartered in Santa Clara, Calif., SVB Financial Group operates through 27 offices in the U.S. and five internationally. More information on the Company can be found at www.svb.com.

About Roundbox
Roundbox is the leading provider of mobile broadcast software solutions for mobile operators and handset manufacturers. Their products enable mobile operators to provide consumers innovative services that take advantage of next generation broadcast networks. Roundbox’s product innovations help operators provide consumers with services such as mobile TV, emergency notification, radio, and data services delivered continuously and with breakthrough economics. For more information, visit www.roundbox.com.

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ROLLSTREAM SECURES $6M IN SERIES B FUNDING LED BY CORE CAPITAL

Fairfax, VA (November 18, 2008) - RollStream Inc., the leading provider of enterprise community management solutions, today announced it has secured $6 million in Series B funding. The investment was led by Washington, DC based Core Capital, with participation from existing investor Vienna, VA based Grotech Ventures. In conjunction with this new investment, Will Dunbar, Managing Director at Core Capital, has been named to RollStream’s Board of Directors. Both venture capital firms have impressive track records for leading high-potential technology companies to success.

“We are pleased to secure this latest round of funding. Raising capital in today’s tough economic climate is a significant achievement and a direct reflection of our efforts to solve the last great problem in global supply chains: inefficient human interaction, stated Kristin Muhlner, CEO of RollStream.

RollStream delivers an innovative solution for enterprise community management. Unlike systems that simply deliver business transactions between trading partners, RollStream optimizes business relationships by accelerating person-to-person interaction across the extended supply chain. The hosted software solution enables businesses to reduce the cost to manage large partner communities by speeding collaboration and communication amongst manufacturers, suppliers, distributors and customers. RollStream customers use the solution to centralize trading partner contact and credential information; to manage partner registration, on-boarding and maintenance; and to streamline one-to-many and one-to-one performance or compliance initiatives.

“As global supply chains continue to face increased financial, regulatory and competitive pressures, they must consider solutions like RollStream to increase the profitability of their business relationships,” said Will Dunbar of Core Capital. “As the early leader in the growing enterprise community management market, RollStream is poised to revolutionize this space, and Core Capital is excited to work with the company as it expands its reach.”

“RollStream understands how the Software as a Service model can help companies affordably improve trading partner communication and collaboration. This, combined with an impressive record for delivering significant ROI to customers like Tesco and Owens & Minor, continues to drive our interest to invest,” said Steve Frederick, of Grotech Ventrues.

RollStream already has over 19,000 registered trading partners and 50,000 human contacts distributed across multiple vertical industries. The funding will be used to accelerate the development of innovative solutions and to power RollStream’s continued growth throughout North America.

About Rollstream, Inc.
RollStream is the leader in enterprise community management. RollStream delivers an online solution for accelerating communications and collaboration across the global supply chain. Industry leaders like McKesson Medical-Surgical, Owens & Minor and Tesco use RollStream to significantly reduce the cost and time required to onboard partners, communicate operational changes, and rollout sales and marketing initiatives. Learn more at www.rollstream.com.

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CORE CAPITAL'S TOM WHEELER NAMED TO FIERCEWIRELESS LIST OF TOP U.S. WIRELESS INNOVATORS OF ALL TIME

Introducing the Top U.S. Wireless Innovators of All Time

(November 13, 2008) - Last month the U.S. wireless industry officially marked the 25th anniversary of the day the first cellular system opened for business in Chicago. Many of the industry's movers and shakers gathered in Chicago on Oct. 14 for the Wireless History Foundation's gala celebrating the anniversary. That monumental event triggered a lot of discussion (and reminiscing) among the FierceWireless editorial team.

With the 25th anniversary in mind, we decided it was time to honor the contributions of some of the wireless industry's foremost leaders and innovators with the FierceWireless list of Top U.S. Wireless Innovators of All Time.

The people on this list were selected by the FierceWireless editors with some input from our readers. And because FierceWireless is primarily a U.S.-based publication, this list is focused on innovators who helped shape the U.S. wireless industry. These innovators are true wireless pioneers but they were not just selected for their past contributions. They were also chosen because many are still active in the wireless industry today, making sure that their legacy lives on.

Martin Cooper, often referred to as the "father of cell phone," led the list. Other innovators included Arlene Harris, Dale Hatfield, Irwin Jacobs, Craig McCaw, Morgan O'Brien, Herschel Shosteck, Denny Strigl, and Andrew Viterbi, one of the founders of Qualcomm.

See the full list here.

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CORE CAPITAL PARTNERS INVESTS IN $14.5 MILLION ROUND FOR TRUST DIGITAL

Funding Widens Platform for Enterprise to Secure and Manage Smartphones

Washington, DC (November 12, 2008) - Core Capital Partners, a leading venture capital firm that invests in high-growth technology companies, announced today it is participating in a $14.5 million funding round for McLean, Va.-based Trust Digital, a leading enterprise mobility management (EMM) provider. The funding will be used to extend Trust Digital’s platform to include Research in Motion’s BlackBerry devices, the Apple iPhone and Google Android. The funds will also go toward expanding direct sales and channel partner support.

The funding comes at a time when the U.S. workforce is increasingly reliant on mobility. According to analyst research firm IDC, close to 75 percent of the U.S. workforce will be mobile in the next three years. Many industries – in particular education, government and healthcare – will require both mobility and security without a dramatic increase in total cost of ownership. Trust Digital’s EMM software enables CIOs to control costs and protect corporate information.

“In light of the immense popularity of consumer devices like the iPhone, the need for increased mobility management is clear,” said Pascal Luck, managing director at Core Capital Partners. “Trust Digital is answering this unparalleled demand by offering a reliable and efficient way for companies to keep up with smartphone technology while also effectively managing their increasingly mobile workforce.”

“Core Capital recognizes that Trust Digital is in a unique position to help enterprises safely and flexibly leverage the latest smartphone technology for a more productive workforce, “said Nick Magliato, chief executive officer for Trust Digital. “Device choice is a key part of the CIO’s plan to expand the use of mobility beyond email. Our enterprise mobility management platform gives the CIO a standard way to secure and manage any smartphone, while allowing users to use innovative devices such as the iPhone to better meet their job demands.”

Trust Digital’s enterprise mobility management platform helps CIOs control smartphone costs while protecting corporate information. The company’s unique software-overlay architecture simplifies how IT administrators and help desk specialists implement policies, assist users and enforce compliance for mobile applications across the enterprise. This flexibility enables IT to integrate the Trust Digital mobility platform with existing IT infrastructure while also supporting a wide variety of handheld devices including iPhone, Windows Mobile, Palm and Symbian.

About Trust Digital
Trust Digital is the leading provider of enterprise mobility management software for government organizations and Global 2000 companies. IT organizations rely on Trust Digital’s solution to cost-effectively secure, rapidly deploy and centrally manage their smartphones. Trust Digital’s unique software-overlay methodology simplifies how IT administrators and help desk specialists implement policies, assist users and enforce compliance for mobile applications. Recipient of the 2007 SC Magazine Award for Best Mobile Device Security Solution, Trust Digital is the trusted mobility company. For more information, please visit our website, www.trustdigital.com.

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V.I. LABS SECURES $4 MILLION IN ADDITIONAL FUNDING

Continued Commitment to Help Company Expand its Software Protection and Piracy Intelligence Solutions

Waltham, MA (October 17, 2008) - V.i. Labs, a provider of software protection solutions, received $4 million in additional funding to accelerate its product development efforts and expand platform support for its CodeArmor software protection and intelligence solutions. Existing investors, Core Capital and Ascent Ventures, participated in the expansion round.

“As a result of the current financial crisis impacting business and global markets, we expect increased demand for our anti-piracy solutions as a revenue generation source for software vendors experiencing downward trends in their license revenue,” said Joe Noonan, president and CEO of V.i. Labs. “Our new CodeArmor Intelligence product is being adopted by some of largest ISVs that recognize the new opportunity to acquire customers from unlicensed installs of their products attributed to piracy.”

CodeArmor Intelligence was announced in August 2008 and provides an end-to-end system for detection and reporting of pirated software use and generating actionable business leads to allow organizations to recover revenue. The new funding will enable V.i. Labs to accelerate plans to extend platform support to Linux operating systems, a key platform for high-value software applications including EDA, PLM, and CAD industries.

“V.i. Labs has created a compelling set of solutions for software providers to preserve as well as generate revenue,” said Geoff Oblak, general partner from Ascent Venture Partners. “Our participation in this extension round underscores our commitment to the software protection space as well as the innovation V.i. Labs has consistently demonstrated in addressing global piracy issues faced by companies today.”

About V.i. Laboratories (V.i. Labs)
V.i. Labs provides software protection solutions that prevent the misappropriation and theft of intellectual property resident in software applications. Through V.i. Labs’ patented technology, software vendors, embedded system providers, enterprise organizations and government agencies are able to easily detect, gather intelligence, and protect against the threat of piracy, tampering and theft, independent of where the applications are distributed. V.i. Labs is privately held and is headquartered in Waltham, MA. For more information please visit www.vilabs.com.

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CORE CAPITAL PARTNERS REALIZES SUCCESSFUL EXIT WITH THE SALE OF SWAPDRIVE, INC.

Web-Based Storage Company Acquired for $124 Million

Washington, DC (September 11, 2008) - Core Capital Partners, a leading venture capital firm that invests in high-growth technology companies, today announced the sale of SwapDrive Inc., a web-based storage company, to Symantec Corp. Symantec, a global leader in providing security, storage, and systems management for businesses and consumers, acquired the Washington-based company for $124 million.

The SwapDrive sale marks the seventh successful exit from Core Capital’s first fund, formed in 1999. Core Capital led a $2.65 million Series A round in 2000 and was SwapDrive’s sole institutional investor through its first three rounds of financing. In the eight years since the firm’s initial investment, Core Capital provided active assistance to management as it established and grew SwapDrive’s presence in the storage and backup space. The firm provided strategic counsel that was instrumental to the expansion of SwapDrive’s reach, including structuring and financing the acquisitions of Whale Mail and consumer storage company SkyDesk, Inc.

“SwapDrive emerged as a very successful and valuable company during one of the toughest technology downturns in recent history,” said William Dunbar, managing director for Core Capital Partners. “Demand for online storage of PC data arose from the explosive growth in the volume of photos, music, videos and other personal data stored by consumers on PCs. Many companies developed offerings to fill the demand, but few built a successful, sustainable business model as SwapDrive did. We helped the company build an experienced management team and provided the capital and assistance that enabled them to build a profitable, high-growth company.”

Founded in 1998, SwapDrive was the first company to provide web-based operating software for online backup and storage in a model now known as software-as-a-service (SAAS), allowing customers to access their data through an easy-to-use interface. Often referred to as an “insurance policy for data,” the product features Wizard-based installation, secure automatic backups, fast data recovery and Internet service access 24-hours a day, seven days a week.

SwapDrive’s acquisition was finalized on June 6, 2008.

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BRIDGEWAVE ENABLES TRANSITION TO WiMAX AND LTE BY EXPANDING MOBILE BACKHAUL EFFORTS WITH $10 MILLION SERIES 4 ROUND

Funds to be used to Address Critical Need for Gigabit Mobile Backhaul that Support Migration to 4G Mobile Network Deployments

Santa Clara, CA (June 25, 2008) - BridgeWave Communications, the leading supplier of gigabit wireless solutions, today announced it has received $10 million in Series 4 funding. This round was co-led by Intel Capital and a new investor, Core Capital, with participation from prior round venture capital firms Cipio Partners, SDL Ventures, and Merifin Capital.

BridgeWave will use the funding to extend the company's position in gigabit wireless enterprise and fixed operator networks into the next generation gigabit mobile backhaul space. This move will help address the data transport challenges facing 4G WiMAX and Long Term Evolution (LTE) deployments.

“As WiMax deployments continue to gain momentum, there needs to be a major push to expand backhaul capacity in order to support high bandwidth requirements, particularly in high-density metro areas,” said Sriram Viswanathan, director, Mobility Sector, Intel Capital. “BridgeWave is well-positioned to address this need as their technology provides full line-rate gigabit speeds and utilizes the wide spectrum available between 60 GHz and 90 GHz.”

“The vast increases in mobile data traffic enabled by 3G and 4G technologies, including WiMAX and LTE, will not be fully realized without a corresponding increase in backhaul transport capacity,” says Tom Wheeler, managing director at Core Capital and former CEO of the CTIA. “BridgeWave’s technology is poised to play an important role in delivering mobile backhaul capacity, when fiber optic base station connectivity is unavailable.”

As a result of the financing, Pascal Luck, managing director at Core Capital will be joining the BridgeWave board of directors.

"As operators look to make 4G WiMAX and LTE networks a reality, they first need to address the roadblocks associated with them—one being the shortage of mobile backhaul to accommodate customer demand for bandwidth-intensive data services," said Andy Fuertes, senior analyst at Visant Strategies. "This being the case, gigabit fixed wireless technologies from companies like BridgeWave are poised to meet the growing need for 4G mobile backhaul and play a crucial role in energizing WiMAX and LTE.”

The strong response for BridgeWave’s gigabit wireless solutions will continue to grow as organizations and carriers look to wireless connectivity as a highly viable alternative to fiber. The total addressable market for high capacity, short range wireless products is growing 60 percent per year, according to an EJL Wireless Research report from September 2007.

“We thank Intel Capital for their investment and welcome Core Capital to the BridgeWave team,” said Amir Makleff, president and CEO of BridgeWave Communications. “This round of funding ensures that BridgeWave will have all the means necessary to address the requirements of first-tier mobile network operators, enabling the transition to next generation mobile deployments worldwide.”

About BridgeWave Communications
Founded in 1999, BridgeWave Communications (www.bridgewave.com) is the leading supplier of outdoor Gigabit wireless connectivity solutions. The company’s exclusive AdaptRate™ and AdaptPath™ technologies combined with its advanced Forward Error Correction capability deliver the highest availability at the longest distances for full-rate gigabit links. BridgeWave’s point-to-point, wireless solutions are widely deployed in mainstream enterprise and service provider network applications and are poised to play a key role in the migration to 4G mobile network backhaul. With the largest installed base of GigE radios worldwide, BridgeWave delivers the highest levels of product quality and reliability.

About Intel Capital
Intel Capital, Intel's global investment organization, makes equity investments in innovative technology start-ups and companies worldwide. Intel Capital invests in a broad range of companies offering hardware, software, and services targeting enterprise, home, mobility, health, consumer Internet, semiconductor manufacturing, and cleantech. Since 1991, Intel Capital has invested more than US$7.5 billion in approximately 1,000 companies in 45 countries. In that timeframe, 168 portfolio companies have gone public on various exchanges around the world and 212 were acquired or participated in a merger. In 2007, Intel Capital invested about US$639 million in 166 deals with approximately 37 percent of funds invested outside the United States. For more information on Intel Capital and its differentiated advantages, visit www.intelcapital.com.


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CORE CAPITAL ANNOUNCES MERGER OF COVEGA AND GEMFIRE

New Company Enhances Ability of Systems Integrators to Provide Superior Delivery of Voice, Data and Video over the Internet to Commercial and Government Clients

Washington, D.C. (February 26, 2008) - Core Capital Partners, a venture capital firm that invests in a wide range of innovative technology businesses including communications infrastructure companies focused on IP and VOIP, announces the merger of Jessup, Md.-based Covega and Fremont, Calif.-based Gemfire. Covega, a portfolio company of Core Capital, will become a wholly owned subsidiary and the active component division of Gemfire’s growing Planar Light Circuit (PLC) product family.

“Core Capital Partners is excited to play a role in the merger of fiber optics visionaries Gemfire and Covega,” said Pascal Luck, managing director with Core Capital Partners. “This merger will provide breakthrough opportunities for voice, data and video over the Internet performance and functionality for companies and government agencies that rely on high-speed global communication networks. The new Gemfire’s approach to photonic integration is by-far the best way to feed the growing demand for high-performance optical components.” Mr. Luck, will take a board seat on Gemfire’s Board of Directors.

“The combined knowledge base of Covega and Gemfire will position this new company as the leader in next generation 40G and advanced optical network applications,” said Joe Dixon, CEO of Covega and new president and chief operating officer (COO) of the Gemfire Components Business Unit. “Furthermore, we are thrilled to have the continued leadership, guidance and financial support of Core Capital Partners behind us 100 percent.”

Core Capital was an early investor in Covega and has continued to support and provide leadership to the company through participation in its successive rounds of financing and growth. Since Core Capital initially invested in the company, Covega’s products have been sold into 8 of the 11 leading systems integrators and original equipment manufacturers (OEMs). Even more, the demand for the kinds of gain chips and small form factor modulators for tunable lasers and transponders that Covega produced has grown at record levels.

The new combined company provides high performance and cost effective solutions for large system integrators that need to manage the rapid growth in demand for bandwidth.

About Gemfire
Gemfire Corporation (www.gemfirecorp.com) is an integrated photonics company headquartered in Fremont, California with high volume manufacturing in Scotland, and now near Baltimore, Maryland. The Gemfire PhotonIC(TM) planar technology platform enables wafer-scale processing to produce optical components, such as Athermal and standard AWGs, TODCs, VOAs, and VMUXs, with industry leading performance, and the ability to scale production in a similar way as the semiconductor industry. Gemfire has been shipping its Telcordia qualified products to dozens of top tier optical system companies all over the world since 2003.

About Covega
Covega (www.covega.com) has established world-class proprietary technologies to produce high performance optical devices and is a leading provider of state-of-the-art opto-electronic components and subsystems. Its wide range of products and services are designed to meet the needs of optical networks and the increased bandwidth demand for fiber-to-the-premises applications of its worldwide customer base. With an early focus on the telecom and datacom industries, Covega also serves the defense, medical, industrial, sensing, test & measurement and instrumentation industries.


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