NetOctave, a developer of silicon-based network security solutions for the server appliance market, has signed a deal with Japan-based Macnica, Inc., a high-tech distribution company, to push NetOctave’s security processor and accelerator boards to networking equipment manufacturers in Japan.
Privately held NetOctave declined to reveal terms of the deal.
Macnica operates sales offices in Hong Kong, Singapore and San Jose, CA as well as Japan.
In a prepared statement NetOctave Vice President of Sales and Marketing Marc Corbacho says: “We are very pleased to be working with Macnica to address the Japanese market. Macnica brings the strong sales and technical support that are critical to providing quality customer service, and direct access to network equipment OEM customers.”
NetOctave, a spin-off of the Celotek Corp., launched in 2000 with a $15.6 million investment from syndicate of private investors. In February the company closed on $7.8 million round of venture capital that is being used to help the company transition from a research and development firm into a product manufacturing operation. The infusion was led by Intersouth Partners and included the Wakefield Group, Intel Communications Fund, Kitty Hawk Capital, the NC Enterprise Fund and MCNC.
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