Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  Equities  >  Nyse  >  Goldman Sachs Group    GS

SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector newsTweets

Goldman, Redpoint Add to $25 Million Funding Round for Networking Start-up Big Switch

share with twitter share with LinkedIn share with facebook
share via e-mail
0
10/31/2012 | 01:13am CEST

By Drew Fitzgerald

Big Switch Networks Inc. said funds run by Redpoint Ventures and Goldman Sachs Group Inc. (>> Goldman Sachs Group, Inc.) have joined existing venture-capital backers with a $25 million in Series B investment in the networking start-up, among the latest to attract attention in Silicon Valley.

Founded in 2010, Big Switch is among a fast-growing crop of start-ups rushing to offer tools for software-defined networking, or SDN, a concept that promises to dramatically simplify the way information-technology managers run the mesh of routers and switches that connects their data centers. The company raised $14 million last year from Index Ventures and Khosla Ventures, two other funds with experience in IT.

Software provider VMware Inc. (>> VMware, Inc.), no stranger to technology involved in giving programs more control of hardware, in July offered $1.26 billion to buy Nicira Inc., another SDN company founded by a former professor at Stanford University.

Big Switch Chief Executive Guido Appenzeller, who ran a Stanford lab that helped create new standards to form a base for the technology, declined to name his company's customers, though Big Switch says it has generated revenue since its inception.

Mr. Appenzeller said the software maker could have raised twice as much in the second round but didn't make deals with some potential backers to avoid diluting the founders' shares. Big Switch can operate on a much leaner budget than many traditional networking companies because of the nature of its technology, he said.

"We're simply building software," Mr. Appenzeller said."We don't have a single hardware engineer working for us."

Analysts say such software could threaten traditional network gear makers such as Cisco Systems Inc. (>> Cisco Systems, Inc.) and Juniper Networks Inc. (>> Juniper Networks, Inc.) by making the brand underlying software controllers less relevant, eating into their margins. Mr. Appenzeller said most major hardware companies in the sector have cooperated to help Big Switch's technology work with their products, though some have been slower to move.

Write to Drew Fitzgerald at [email protected]

Subscribe to WSJ: http://online.wsj.com?mod=djnwires

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on GOLDMAN SACHS GROUP
10/17DJMORGAN STANLEY : Earnings Rise on Strength in Wealth Management -- 3rd Update
10/17DJGOLDMAN SACHS : Posts Surprise Rise in Earnings--3rd Update
10/17 Factbox - U.S. banks top Wall Street estimates despite trading slump
10/17 GOLDMAN SACHS : offers buyback, dividend details for first time
10/17 DOW MOVERS : Gs, unh
10/17 GOLDMAN SACHS : Declares Preferred Stock Dividends
10/17DJGOLDMAN SACHS : Posts Surprise Rise in Earnings--2nd Update
10/17DJGOLDMAN SACHS : Posts Surprise Rise in Earnings--Update
10/17 Morgan Stanley smashes estimates on strength in wealth management
10/17 GOLDMAN SACHS : Reports 2017 Third Quarter Earnings Per Common Share of $5.02
More news
News from SeekingAlpha
10/17 Goldman Sachs (GS) Q3 2017 Results - Earnings Call Transcript
10/17 GOLDMAN SACHS : Same Trends, Different Bank
10/17 Terrific Tuesday - Apple Tests $160 Again
10/17 Morgan Stanley up, Goldman down after each top estimates
10/17 Goldman Sachs up 1% premarket after earnings beat
Financials ($)
Sales 2017 31 079 M
EBIT 2017 10 630 M
Net income 2017 7 432 M
Debt 2017 -
Yield 2017 1,22%
P/E ratio 2017 13,38
P/E ratio 2018 12,33
Capi. / Sales 2017 3,02x
Capi. / Sales 2018 2,90x
Capitalization 93 782 M
Chart GOLDMAN SACHS GROUP
Duration : Period :
Goldman Sachs Group Technical Analysis Chart | GS | US38141G1040 | 4-Traders
Technical analysis trends GOLDMAN SACHS GROUP
Short TermMid-TermLong Term
TrendsBullishBullishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 28
Average target price 240 $
Spread / Average Target -1,0%
EPS Revisions
Managers
NameTitle
Lloyd Craig Blankfein Chairman & Chief Executive Officer
Harvey Mitchell Schwartz Co-President & Co-Chief Operating Officer
David Michael Solomon Co-President & Co-Chief Operating Officer
R. Martin Chavez Chief Financial Officer & Executive VP
James A. Johnson Independent Director
Sector and Competitors
1st jan.Capitalization (M$)
GOLDMAN SACHS GROUP1.24%93 782
MORGAN STANLEY14.32%89 882
CHARLES SCHWAB CORP13.33%59 551
CITIC SECURITIES CO LTD12.08%32 025
NOMURA HOLDINGS INC-4.68%22 419
HUATAI SECURITIES CO., LTD.20.32%21 686