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The Boston Globe OnlineBoston.com
Boston Globe Online / Business
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Sector Report

By Peter J. Howe, Globe Staff, 7/28/2003

DATA APPLIANCE DEVICES

Netezza closes $20m venture round

Netezza Corp., a Framingham start-up that has developed systems for businesses to manage and mine trillions of bits of data, has closed a $20 million venture round to bring its total capital to $53 million. Sequoia Capital of California led the round, with prior investors Battery Ventures, Charles River Ventures, Matrix Partners, and Orange Ventures also raising their stake.

Netezza makes data warehouse appliance devices it claims are 10 to 20 times as powerful -- and half as expensive -- as traditional legacy equipment made by IBM and NCR's Teradata unit. While it has yet to name customer names, company cofounder and chief executive Jit Saxena said since January Netezza has racked up several sales to top-tier wireless and landline phone companies that use its devices to reconcile and analyze billions of call records every day.

SECURITY SERVICE ROUTERS

Quarry appoints chief executive

Quarry Technologies of Burlington has hired Ian Mashiter, cofounder of the defunct Ennovate Networks, as its chief executive. Today Quarry is unveiling a

multimillion-dollar sales deal with Dacom Corp., a leading telephone and Net access provider in South Korea, which is buying Quarry security service routers to protect customers from hackers and computer viruses. Quarry has landed more than $65 million in venture funding and numerous industry awards since 1998, but Dacom is its first announced sale. Two other sales deals being announced today:

* SMaL Camera Technologies of Cambridge, which has developed a digital camera the size and thickness of a credit card, says it has landed a design win worth $3.5 million from a top global automotive component supplier whose name it is not releasing. The supplier will be using SMaL imaging technology for road-surveillance cameras that could become a common feature of high-end cars in coming years, detecting pedestrians, oncoming traffic or other hazards while filtering out glare or tunnel-entrance darkness.

* Brix Networks of Chelmsford has closed a sale of its network performance monitoring equipment to the Metropolitan Water District of Southern California, which is using Brix gear to test its Internet protocol-based video surveillance system that monitors two dozen sites providing water for 18 million Californians. Terms are not being disclosed.

COMMUNICATIONS SERVICES

Comverse launches out-of-range system

Comverse Technology, based in Woodbury, N.Y., with a major office in Wakefield, has rolled out a service for wireless phone companies that would help callers reach other subscribers who have traveled out of range of service. The Comverse ''Notify Me'' system sends a short message to handsets of callers who tried but failed to reach someone alerting them when the intended call recipient has come back in range. By pressing one button, they can then redial the call.

Comverse hopes the service would appeal to carriers by increasing the number of calls and thus generate more revenue.

WiFi ACCESS

Service available at Constitution Marina

WiFi high-speed wireless Internet access became available this month at Constitution Marina in Charlestown, next to the historic USS Constitution, through a deal between marina owners and Air11 Technology of Southborough. WiFi access is available for $8 per 24 hours through credit cards or a coupon purchased at the marina office.

Another historical treasure nearly as venerable as Old Ironsides -- the Rolling Stones -- also will be pioneering the use of WiFi at a concert in Toronto on Wednesday, which is expected to draw more than 250,000 fans. 3Com Corp., which recently moved its headquarters to Marlborough, is providing WiFi for the event to support backstage operations and live concert updates posted to www.rollingstones.com.

This story ran on page C2 of the Boston Globe on 7/28/2003.
© Copyright 2003 Globe Newspaper Company.

[ Send this story to a friend | Easy-print version | Search archives ]