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 Inc    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 CET

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 andrew.fitzgerald@dowjones.com

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 INC
08:48aDJMORGAN STANLEY : A Raise at Morgan Stanley -- WSJ
01/22 GOLDMAN SACHS : Trump is putting the wolves of Wall Street in charge of America'..
01/21 CITIGROUP : Goldman Sachs Group and Citigroup Inc Continue to Piggyback on Wave
01/21 GOLDMAN SACHS : The Joplin Globe, Mo., Susan Redden column
01/21 GOLDMAN SACHS : Azure Hospitality to invest 30 crore to open 15 new restaurants ..
01/20DJMORGAN STANLEY : CEO Gets 7% Raise; Goldman Trims Stock-Pay for Some Executives ..
01/20DJMORGAN STANLEY : CEO Gets 7% Raise; Goldman Trims Stock-Pay for Some Executives
01/20DJMORGAN STANLEY : CEO Gets 7% Raise; Goldman Trims Stock-Pay for Some Executives
01/20DJGOLDMAN SACHS : Trims Stock-Pay for Some Senior Executives
01/20 GOLDMAN SACHS GROUP INC : Change in Directors or Principal Officers (form 8-K)
More news
Sector news : Investment Banking & Brokerage Services - NEC
08:48aDJMORGAN STANLEY : A Raise at Morgan Stanley -- WSJ
01/22DJFinance Watch
01/20DJMORGAN STANLEY : CEO Gets 7% Raise; Goldman Trims Stock-Pay for Some Executives ..
01/20DJMORGAN STANLEY : CEO Gets 7% Raise; Goldman Trims Stock-Pay for Some Executives
01/20DJMORGAN STANLEY : CEO Gets 7% Raise; Goldman Trims Stock-Pay for Some Executives
More sector news : Investment Banking & Brokerage Services - NEC
News from SeekingAlpha
01/21 INSIDERINSIGHTS.COM DAILY ROUND UP 1 : Vray, bas, mrti, opk
01/20 Where Do We Begin? Define What It Means To Be A Bank
01/19 New Deal Talk As Tesla Hits Ludicrous Speed
01/19 Goldman Sachs Is Cheaper Than Most Think
01/19 The SEC's Reaction To High Frequency Trading
Advertisement
Financials ($)
Sales 2017 33 014 M
EBIT 2017 12 008 M
Net income 2017 7 821 M
Debt 2017 -
Yield 2017 1,21%
P/E ratio 2017 12,61
P/E ratio 2018 10,82
Capi. / Sales 2017 2,80x
Capi. / Sales 2018 2,69x
Capitalization 92 334 M
More Financials
Chart GOLDMAN SACHS GROUP INC
Duration : Period :
Goldman Sachs Group Inc Technical Analysis Chart | GS | US38141G1040 | 4-Traders
Full-screen chart
Technical analysis trends GOLDMAN SACHS GRO...
Short TermMid-TermLong Term
TrendsBearishBullishBullish
Technical analysis
Income Statement Evolution
More Financials
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 31
Average target price 244 $
Spread / Average Target 4,9%
Consensus details
EPS Revisions
More Estimates Revisions
Managers
NameTitle
Lloyd Craig Blankfein Chairman & Chief Executive Officer
Harvey Mitchell Schwartz Co-President, Co-Chief Operating Officer & CFO
David Solomon Co-President & Co-Chief Operating Officer
James A. Johnson Independent Director
William W. George Independent Director
More about the company
Sector and Competitors
1st jan.Capitalization (M$)
GOLDMAN SACHS GROUP IN..-3.03%92 334
MORGAN STANLEY0.80%79 763
CHARLES SCHWAB CORP4.66%54 764
CITIC SECURITIES CO LT..2.18%28 158
NOMURA HOLDINGS, INC.1.90%23 379
GUOSEN SECURITIES CO L..--.--%17 956
More Results