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 news 

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
11:15a Alibaba Pictures Aims To Be Content-Based Goldman Sachs, Appoints New CEO
06:20a Goldman Sachs forecasts lower China growth for 2017
12/06 BLACKSTONE LP : Schwarzman sees historic regulatory overhaul from Trump
12/06DJWELLS FARGO : CEO Expects Scandal Fallout to Cost Tens of Millions of Dollars
12/06DJHeads of J.P. Morgan, Bank of America Say FICC Stronger
12/06 OPENING BELL : 12.6.16
12/05 MARKETS RIGHT NOW : Dow notches another record high close
12/05 THE OUTLOOK FOR 2017 : International
12/05 GOLDMAN SACHS : Brussels may scupper the bid to split BT from Openreach arm
12/05DJStocks Higher in Wake of Italy Vote
More news
Sector news : Investment Banking & Brokerage Services - NEC
12/06DJMORGAN STANLEY : Banks Fight for Block Trades Amid Stalled IPO Market
12/06 Japan watchdog recommends $1.9 million fine for Morgan Stanley MUFG
12/02DJMorgan Stanley Toughens Pay Hurdles for Brokers
12/02DJMORGAN STANLEY : Toughens Some Pay Hurdles for Brokers
12/02 Deals scuppered by U.S. regulatory scrutiny
More sector news : Investment Banking & Brokerage Services - NEC
News from SeekingAlpha
05:22a Visa Leads Dogs Of The Dow For November Upside, But Trails By Yield
05:14a Are Analysts' Long-Term Estimates The Key To Success?
12/06 Buy any dip in bank stocks - Morgan Stanley
12/06 MORGAN STANLEY : Trump's Election Victory Could Mean A $50 Share Price
12/06 Microsoft Defeats Salesforce; LinkedIn Deal Set To Close
Advertisement
Financials ($)
Sales 2016 30 159 M
EBIT 2016 8 754 M
Net income 2016 6 674 M
Debt 2016 -
Yield 2016 1,12%
P/E ratio 2016 15,25
P/E ratio 2017 13,42
Capi. / Sales 2016 3,05x
Capi. / Sales 2017 2,89x
Capitalization 92 008 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
TrendsBullishBullishBullish
Technical analysis
Income Statement Evolution
More Financials
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 29
Average target price 213 $
Spread / Average Target -7,8%
Consensus details
EPS Revisions
More Estimates Revisions
Managers
NameTitle
Lloyd Craig Blankfein Chairman & Chief Executive Officer
Gary D. Cohn President, Chief Operating Officer & Director
Harvey Mitchell Schwartz Chief Financial Officer & Executive Vice President
R. Martin Chavez Chief Information Officer
James A. Johnson Independent Director
More about the company
Sector and Competitors
1st jan.Capitalization (M$)
GOLDMAN SACHS GROUP IN..28.38%92 008
MORGAN STANLEY33.64%79 614
CHARLES SCHWAB CORP19.25%52 059
CITIC SECURITIES COMPA..-12.92%28 984
NOMURA HOLDINGS, INC.4.02%23 265
GUOSEN SECURITIES CO L..--.--%20 357
More Results