CTERA Networks Launches; Introduces Cloud Attached Storage(TM)
January 06 2009 - 8:00AM
PR Newswire (US)
Secures Series 'A' Funding from Benchmark Capital PETACH TIKVA,
Israel and PALO ALTO, Calif., Jan. 6 /PRNewswire/ -- CTERA(TM)
Networks Ltd., an innovator in next-generation storage solutions,
today officially introduced its Cloud Attached Storage(TM)
technology in advance of this week's Consumer Electronics Show in
Las Vegas, NV. By bundling Network Attached Storage (NAS) and cloud
storage services into a single appliance, the new technology
marries the performance and simplicity of a local NAS device with
the scalability and reliability of cloud storage to enable service
providers to launch new consumer and small business services. CTERA
also announced that it has secured first-round venture financing
from Benchmark Capital. This week, CTERA is unveiling its smallest
form factor appliance, the CloudPlug(TM): a tiny form-factor,
plug-top computing device that instantly transforms any external
USB hard drive into a NAS device with automatic backup. The
contents of any attached USB drive are automatically backed up
online without the need for any user intervention or PC client
software, thus ridding users of the tedious and expensive task of
setting up a dedicated file server and managing the backup process.
"The transparency of an appliance-based service makes it especially
appealing to service providers looking to efficiently deploy
large-scale managed storage services," said Liran Eshel, founder
and chief executive officer at CTERA Networks. "We are actively
working with ISPs and MSPs seeking to integrate new managed storage
services as part of their next-generation broadband offerings."
"The emergence of cloud storage, coupled with innovations in the
established Network Attached Storage market, presents new and
exciting opportunities. The challenge is to make storage more
reliable and at the same time keep it cost-effective," said Arad
Naveh, general partner at Benchmark Capital. "We look forward to
working with the CTERA team to introduce this new technology to the
market." CTERA Networks was founded by Liran Eshel and Zohar
Kaufman, seasoned entrepreneurs and software pioneers who
previously led SofaWare Technologies, a Check Point company
(NASDAQ:CHKP), from early incubation to a prime position in the
small business network security appliance market. CTERA will be
holding demonstrations of the CloudPlug this week at the Consumer
Electronics Show (CES) in Las Vegas by appointment, as well as
showcasing its technology to the media on January 8 and 9 at the
Lunch@Pieros event. CTERA's products will be available in 2009
through select channel partners. If you would like to become a
CTERA partner, or if you would like to be notified when our
products are available, please fill in the contact form at
http://www.ctera.com/ or email . About CTERA CTERA Networks Ltd.
combines Network Attached Storage devices with cloud storage
services to create a new class of storage solutions. CTERA is
partnering with service providers to deliver next generation
storage services. To find out more about CTERA and its exciting
Cloud Attached Storage(TM) technology, visit http://www.ctera.com/
or email . About Benchmark Capital Benchmark Capital, a leading
international venture capital firm, was founded in 1995 to help
talented entrepreneurs with original ideas build successful
technology companies. Benchmark's general partners take a team-
oriented, labor-intensive approach to venture investing to deliver
a superior level of service to the firm's portfolio companies.
Benchmark's portfolio includes high-profile start-ups like
Infinera, MySQL, OpenTable, Second Life, Tellme, Yelp, and Zillow,
and franchise companies such as eBay, Juniper Networks and Red Hat.
The firm manages nearly $2.8 billion in committed venture capital.
For more information on Benchmark Capital, visit its website at
http://www.benchmark.com/. Media contact: Allison Wagda Tel: +1
(650) 906-6320 (C)2009 All rights reserved. CTERA, Cloud Attached
Storage, CloudPlug and the CTERA logo are trademarks, service marks
or registered trademarks of CTERA Networks Ltd. All other
trademarks are the property of their respective owners. DATASOURCE:
CTERA Networks Ltd. CONTACT: Allison Wagda of CTERA,
+1-650-906-6320, Web site: http://www.ctera.com/
http://www.benchmark.com/
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