Send to a FriendPrint this Article

Post News
2 December 1999

Darwin Networks Announces $ 30 Million Agreement With Elastic Networks International

November 8,1999-- New York, NY - Darwin Networks, a leading provider of high-speed Internet access, today announced that it has signed a $30 million dollar supply agreement with Elastic Networks, Inc., a spin-off of Nortel Networks. Under the terms of the agreement, Elastic Networks will supply its burst-mode DSL hardware and innovative connectivity software solutions to enable Darwin Networks to provide broadband services in the hospitality market.

Elastic Networks, named the primary supplier for Darwin Networks' hospitality division, will begin immediate shipments of its high-speed connectivity solutions to fulfill Darwin's recent hospitality contract wins to over 1400 properties including Bass Hotels & Resorts, Allied Hospitality Group, Cavanaugh's, and Stormont Trice Corporation. Darwin Networks will also explore Elastic Networks' product portfolio in pending and future hospitality and multi-dwelling unit broadband services awards.

"The Elastic Networks solution is ideal for our hospitality properties," said David Wigglesworth, president of Darwin Networks' Hospitality Division. "Winning hotel contracts is only one part the equation. Partnering with Elastic Networks enables us to deploy quickly and efficiently, utilizing the best broadband technology available." Elastic Networks product portfolio addresses the needs of carriers, enterprises, and vertical markets such as hospitality and multi-tenant housing.

Elastic's core suite of high-speed copper access solutions are based on EtherLoop burst-mode DSL technology, which provides multi-megabit access over regular copper phone lines up to 21,000 feet. Elastic Networks portfolio also includes the YesWare software suite, which provides integrated services management including plug and play connectivity without end user laptop reconfiguration, billing, service branding, and system management for both EtherLoop and Ethernet networks.

"We are pleased to solidify our partnership with Darwin Networks," said Guy Gill, CEO, Elastic Networks. "Our solutions coupled with Darwin's leadership in broadband services delivery are a powerful force in enabling high-speed Internet connectivity in both in-building and carrier applications."

Darwin Networks will deploy Elastic Network's patented EtherLoop-based, burst-mode DSL solutions including the Elite modem and the ELMo family of multiplexers that deliver 4 and 6 Mbps of bi-directional bandwidth based on end-user applications. Darwin will also deploy Elastic Networks' suite of software connectivity solutions - YesWare - that provide integrated services management. About Darwin Networks Darwin Networks provides broadband services to the hotels, apartment buildings, office buildings, and telephone companies. Contracts include large Real Estate Investment Trusts, as well as Phone Companies in more than 20 states.

Darwin Networks' venture capital investors include Broadband Solutions, LLC (led by Chrysalis Ventures), Paul Allen's Vulcan Ventures, Richland Ventures, Lehman Brothers, River Cities Capital, and associates of Moore Capital Management.

For additional information, contact Kathy Martins, Director of Marketing, kmartins@corp.darwin.net. Darwin Networks, Inc., 101 S. 5th Street, Suite 3650, Louisville, KY 40201. Tel: 502.213.3358. Fax:502.213.3604. www.darwin.net

About Elastic Networks, Inc.

Elastic Networks provides high-speed connectivity without boundaries. Elastic Networks offers Ethernet-based, burst-mode DSL hardware and innovative connectivity software solutions for the enterprise and carrier markets, and is dedicated to simplifying the way people connect. By leveraging its technological differentiation in speed, deployability, and economics, and by building strategic relationships with distributor, chip manufacturing, and data networking partners, Elastic Networks continues to increase the pervasiveness of its innovative technology in markets throughout the world.

Elastic Networks Inc., based in Alpharetta, GA, is a private company funded by Nortel Networks, Texas Instruments and Pequot Capital. For more information about Elastic Networks and its high-speed access and IP Mobility product suite, visit www.elastic.com or contact (678) 297-3100.

CONTACT

David Wigglesworth
Phone: 502/515-3358
Email: wiggs@corp.darwin.net

ORGANIZATION

Hospitality NetDarwin Networks
http://www.darwin.net
101 S. 5th St., Ste. 3650
USA - Louisville, KY 40201
Phone: (502) 213-3600
Fax: (502) 213-3757
Email: hscott@corp.darwin.net

RECENT NEWS

Darwin Networks Secures Kentucky's Largest Venture Capital Financing With Closing Of $ 91 Million Investment
Tuesday 19 September 2000

Darwin Networks Selects Portal Software For Customer Management and Billing Platform
Friday 21 July 2000

Darwin Networks Distances Itself From Competition By Acquiring Kiosks From San Francisco Internet Provider
Friday 7 July 2000



Post News






Copyright© 1995-2009 Hospitality Net™ All rights reserved.
Trademarks and product names are the property of their respective owners.
Privacy Statement - Terms & Conditions - Advertising Information
TOP of page