Oversi Announces Funding From Cisco

    PETACH TIKVA, Israel, June 11 /PRNewswire/ -- Oversi, an expert in
 Peer-to-Peer (P2P) caching and content delivery solutions, announced today
 it has received funding from Cisco(R) as part of an extended second round
 of funding, totaling $8 million, led by Carmel Ventures together with
 StageOne Ventures and TempoPark Fund (advised by smac partners).
     The additional investment funds will be used to expand Oversi's sales
 and distribution channels, and global operations, and will help fund the
 development of new products in the P2P streaming and delivery space.
     Joav Avtalion, Chairman and CEO of Oversi, said: "We see Cisco's
 investment as an exciting milestone for our company, helping us to grow our
 business in line with the fast-evolving world of online video and P2P
 content distribution. With so much video and TV on the Internet, bandwidth
 is becoming the key issue. Using our P2P solutions, service providers can
 deliver up to 20 times more bandwidth using their existing infrastructures,
 instead of investing billions of dollars in expensive upgrades." Avtalion
 continued, "We look forward to a fruitful and continued collaboration with
 our investment partners."
     Avi Zeevi, General Partner of Carmel Ventures, added, "The addition of
 Cisco to the existing investors of Oversi reinforces the importance of the
 market for clearing P2P traffic congestion on service provider networks."
     About Oversi
     Oversi is an expert in Peer-to-Peer (P2P) caching and content delivery
 solutions. Oversi's P2P caching solutions enable service providers to
 deliver more bandwidth on their existing infrastructures, optimize network
 performance and defer expensive upgrades. The same Oversi platform provides
 a critical building block for supporting the emerging services of P2P VOD
 (Video on Demand) and P2P TV, ensuring an improved customer experience.
 Oversi has offices and representatives in EMEA, the US, Asia-Pacific and
 Latin America. Oversi was founded in 2004 by two experienced entrepreneurs,
 CTO, Ofer Wald, and VP Marketing and Business Development, Eitan Efron,
 within the facilities of Lab-One Innovations incubator.
     Media Contact
     Natalie Chouraqui
     Director, Communications
      Overs
     T: +972-54-4750-889
     F: +972-3-542-3165
     E: nataliec@oversi.com
 
 

SOURCE Oversi