P-Cube
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| Company type | Subsidiary |
|---|---|
| Industry | Computer networking |
| Founded | 1999 |
| Founder | Yuval Shahar, Benny Shnaider, Giora Yaron |
| Defunct | 2004 |
| Fate | Acquired by Cisco |
| Headquarters | |
| Products | Service delivery platform |
| Website | www |
P-Cube was a service delivery platform company based in the United States, with R&D facilities in Herzliya, Israel. It was acquired by Cisco Systems on August 23, 2004.[1] Cisco announced an end of sale of the lower end platforms of the product (now renamed the Service Control Engine or SCE) in October 2012.[2] Further development of the SCE platform continues and replacements are available from Cisco Systems.[3]
History
[edit]P-Cube was founded in 1999 by three Israeli technology entrepreneurs. Yuval Shahar was the company's CEO and previously served as a development manager for VocalTec (Nasdaq:VOCL). Benny Shnaider, was previously a co-founder of Pentacom, which was also acquired by Cisco in April 2004 for $118 million. The third founder, who was P-Cube's President, Giora Yaron, was previously president of Indigo NV (Nasdaq: INDG), and general manager of Tower Semiconductor (Nasdaq: TSEM).[4]
The idea for founding P-Cube came as a result of examining ways to improve Internet service providers' profitability. P-Cube offered them the ability to provide additional services for a fee, bringing them much needed dollars that help make them more profitable.[5]
P-Cube raised more than $65 million in venture capital funding from: Granite Global, Accel Partners, ComVentures, Evergreen, Sandoz, and Venture TDF Ventures.[6]
References
[edit]- ^ Matsumoto, Craig (August 23, 2004). "Cisco Plucks P-Cube for $200M". Light Reading.
- ^ http://www.cisco.com/en/US/prod/collateral/ps7045/ps6129/ps6133/ps6151/end_of_life_notice_c51-716191.pdf [bare URL PDF][dead link]
- ^ http://www.cisco.com/US/products/ps9591/index.html[permanent dead link]
- ^ "P-Cube wants to save the ISPs". Globes. 2 April 2001.
- ^ "What is an Internet Service Provider (ISP)?". WhatIs.com. Retrieved 2023-06-20.
- ^ "P-Cube 3rd round brings in $35 million" (PDF). Israel Venture Capital Journal. 2 (4). July 2002.[permanent dead link]