News and Events

2003

FORCE10 NETWORKS CLOSES $41 MILLION INVESTMENT ROUND

Ramping Sales and New Funding to Carry Company to Profitability

MILPITAS, Calif., February 21, 2003 — Force10 Networks, Inc. today announced it has closed $41 million in new funding, bringing the total investment in the company to $209 million. Investors in this financing round include New Enterprise Associates (NEA), U.S. Venture Partners (USVP), Worldview Technology Partners, Amerindo Investment Advisors, and Pacesetter Capital Group, among others.

“Raising this amount of money in today’s market environment is a testament to Force10’s technology leadership position and customer success,” said Dick Kramlich, co-founder and general partner, New Enterprise Associates. “Force10 is winning many new customers across multiple application segments, and this new funding will take the company to profitability. I see a very exciting future for Force10.”

Contact:
Peter Ruzicka
Force10 Networks Inc.
408-965-5151
pruzicka@force10networks.com

Contact:
Jennifer Arculeo
Force10 Networks Inc.
408-965-5194
jarculeo@force10networks.com

About Force10 Networks
Force10 Networks is the pioneer in building and securing high performance networks. Based on a revolutionary system architecture that delivers best-in-class resiliency and massive scalability, Force10’s TeraScale E-Series switch/routers ensure predictable application performance, increase network availability, and reduce operating costs. Today, many of the world’s largest Gigabit Ethernet and 10 Gigabit Ethernet networks depend on Force10 Networks. For additional information, please visit www.force10networks.com.

Force10 Networks and E-Series are registered trademarks, and P-Series, S-Series, TeraScale and FTOS are trademarks of Force10 Networks, Inc. All other company names are trademarks of their respective holders.