Press Releases

2003

FORCE10 NETWORKS CLOSES $41 MILLION INVESTMENT ROUND

Ramping Sales and New Funding to Carry Company to Profitability

MILPITAS, Calif., February 21, 2003 — Force10 Networks, Inc. today announced it has closed $41 million in new funding, bringing the total investment in the company to $209 million. Investors in this financing round include New Enterprise Associates (NEA), U.S. Venture Partners (USVP), Worldview Technology Partners, Amerindo Investment Advisors, and Pacesetter Capital Group, among others.

“Raising this amount of money in today’s market environment is a testament to Force10’s technology leadership position and customer success,” said Dick Kramlich, co-founder and general partner, New Enterprise Associates. “Force10 is winning many new customers across multiple application segments, and this new funding will take the company to profitability. I see a very exciting future for Force10.”

About Force10 Networks
Force10 Networks is the global technology leader that data center, service provider and enterprise customers rely on when the network is their business. The company’s high performance solutions are designed to deliver new economics by virtualizing and automating Ethernet networks.  Force10’s high density and resilient Ethernet switching and routing products increase network availability, agility and efficiency while reducing power and cooling costs.  Force10 provides 24x7 service and support capabilities to its global customer base in more than 60 countries worldwide.  For more information on Force10 Networks, please visit www.force10networks.com.

Contact:
Kevin Kimball
Force10 Networks Inc.
+1 408 571-3544
kkimball@force10networks.com

Force10 Networks, the Force10 Networks logo, Force10, E-Series, Traverse, and TraverseEdge are registered trademarks and ExaScale, S-Series, TeraScale, and FTOS are trademarks of Force10 Networks, Inc. All other company names are trademarks of their respective holders.