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DAILY NEWS AND INFORMATION FOR THE GLOBAL GRID COMMUNITY /
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Breaking News - General:
Tarari Achieves $13.8 Million In Series B Funding
Tarari Inc announced that it has successfully completed a Series B round of
private equity financing for $13.8 million. Morgan Stanley Venture Partners is
the lead second-round investor and is joined by all of the first-round
investors: Crosspoint Venture Partners, Intel Capital, Miramar Venture
Partners and XMLFund.
"We are excited and proud to have Morgan Stanley Venture Partners lead our
series B round," said Randy Smerik, president and CEO of Tarari Inc. "This
round of funding was over-subscribed, and we secured more funding than
originally planned due to the strong interest in the company by the investment
community. In fact, all of our original funding partners also participated in
this Series B funding. We have a tremendous team of people at Tarari, and the
addition of Morgan Stanley as a top tier investor further validates our
business direction and the ability of our team to execute on it."
Tarari will apply the financing towards supporting the ramp of customer
engagements and sales, and well as continued product and technology
development, for its key target markets:
- XML/Web Services –- Tarari's next generation silicon is designed for OEMs,
ISVs, and enterprises that require the acceleration of XML processing and need
to include it in the systems they are building. With its recently announced
Random Access XML (RAX) Content Processor, Tarari has taken a big leap forward
in allowing critical data in XML formatted messages and files to be accessed
at very high speeds.
- Network Security -– Content-based threats are a top security concern for
enterprises and service providers today. Tarari's Regular Expression (RegEx)
Content Processors and AntiVirus Content Processors will be further enhanced
as they are used to accelerate processing in Content Filtering, Anti-Virus,
Anti-Spam, Intrusion Detection/Prevention and Compliance systems.
- Integrated Cryptography -– Tarari's acceleration offerings incorporate RSA
public key, bulk encryption/decryption with 3DES/DES, message digests with
SHA-1, and true Random Number Generation. Tarari will extend this support to
other standards such as WS-Security.
"Our research and experience has led us to conclude that while there is a big
demand for XML and Web Services there is also a tremendous problem due to the
performance bottlenecks caused by XML processing," said Kristen Hughes, vice
president at Morgan Stanley Venture Partners. "Tarari Content Processors
provide a solution today that can be used across the enterprise –- from
high-speed switches, to appliances, to application servers."
"I have been working closely with Tarari from the start, and they have a real
advantage due to their deep expertise in their target markets," said Bob Hoff,
general partner at Crosspoint Venture Partners. "With this Series B funding
completed, Tarari has the resources to extend its leadership even further in
building and deploying silicon-based acceleration solutions for XML and
network security systems."
With the completion of the Series B round, Kristen Hughes of Morgan Stanley
Venture Partners and Rick Fink of Miramar Venture Partners have joined
Tarari's Board of Directors.
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