Monday, March 1, 2010

Force10 Networks Files for IPO

Force10 Networks filed SEC papers for an initial public offering (IPO). The San Jose, California-based company specializes in high performance switches and routers for data center and other network deployments. In fiscal 2009, the company's products were shipped to more than 1,100 end customers in 63 countries. The company reported revenue of $43 million for the year but has not yet attained profitability.
http://www.force10networks.comIn 2009, Turin Networks merged with Force10 Networks. The deal combined leading equipment suppliers for the service provider and enterprise data center markets. Turin Networks was a leading provider in the wireless backhaul aggregation market with products deployed in more than 60 thousand North American cell sites. Force10 Networks offered high-performance equipment for data centers.

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