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Sector Report
By Peter J. Howe, Globe Staff, 7/28/2003
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 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: COMMUNICATIONS SERVICES
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
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.
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