Monday, October 19, 2009

Intune Networks Selects Duolog`s Bitwise Register Management Tool - Reuters

Duolog Technologies (www.duolog.com) today announced that Intune Networks, a leading innovator in optical networking, has chosen Duolog's Bitwise tool to manage the register and memory-map infrastructures of Intune`s next generation telecommunications networking products.

Bitwise forms part of Duolog`s award-winning SOCRATES Chip Integration Platform. Bitwise captures and validates register and memory-map information and auto-generates design documentation, VHDL & Verilog RTL, C/C++, SystemC and SystemVerilog code. Bitwise users can also create their own template-based generators. Bitwise is designed to slot non-disruptively into any chip design flow, seamlessly interfacing to open standards such as IP-XACT and supporting the import and export of data from Microsoft Excel, Adobe FrameMaker and other legacy formats.

"Bitwise has enhanced the productivity of our FPGA design flow, making our development process more efficient and less labour intensive," said Tom Farrell, Co-Founder and SVP of Product Development at Intune. "We have automated the definition and use of thousands of registers across 11 different devices, using the automatically generated output across three different design teams. This tool is the centre-point of this design information and is used throughout the engineering functions in the company. The correct-by-design methodology reduces the likelihood of errors creeping in and means that engineers can concentrate on design innovation rather than manual data entry and cross-checking."

About Duolog Technologies
Duolog Technologies is an award-winning developer of EDA tools that enable the flawless and rapid integration of today`s increasingly complex SoC, ASIC and FPGA designs. Duolog`s Socrates chip integration platform employs a modular and extensible suite of tools for I/O layer definition, IP packaging, connectivity and register management.
http://www.duolog.com

About Intune Networks
Intune Networks is a telecoms equipment design company based in Ireland. Over the past 10 years, Intune has developed and refined its technology to solve a critical problem in the optical networking sector and this solution is now being brought to market as a family of telecom switch products. Intune employs 120 people and has design centres in Dublin and Belfast.
http://www.intunenetworks.com

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Light Reading includes Intune Networks in Top Picks - PR Newswire

Light Reading, the leading integrated media company serving the worldwide communications industry, today reveals its Top Picks for communications technologies, services, and products. Light Reading's editors, after weeks of discussions with readers, analysts, and industry sources, have each come up with their picks of communications products and services from all over the world that could potentially shake up the industry.

Intune Networks' Optical Burst Switching Technology was picked as one of their Top Picks to shake up the Carrier Transport market over the next 12 months.

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Tuesday, October 13, 2009

John Dunne of Intune Networks speaks at Cybercom Conference



John Dunne takes to the stage to explain the technology behind the ‘Exemplar Network’. The company John works for, Intune Networks, are poised to catapult Ireland to the top of the world’s internet stage. Within 2 years we will be using the most advanced broadband network in the world!



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Monday, October 5, 2009

Intune expects to release new product next year - Sunday Business Post

Telecoms equipment developer Intune Networks expects to release its product to market next year and record its first full year of revenues in 2011, after securing a €22 million round of investment funding last week.

John Dunne, co-founder and chief marketing officer, said that the funding meant that the company could now proceed with a full commercial launch next year.

While Intune has raised approximately €50 million in funding to date from backers, Dunne predicted that the company was likely to record revenues that were multiples of this amount. The typical investment made by telecoms companies in the type of network upgrade facilitated by Intune’s technology was in the order of $10 million, he said.

Intune’s latest funding round was the largest private equity investment in the global telecoms optical equipment sector and the third largest in the European IT sector this year. While the amount of money raised is considerable, Dunne said that this was the ‘‘type of money it takes to bring a telecoms grade product across the line’’. While the deal size is unusual for Ireland, it was ‘‘a typical play in Silicon Valley’’, he said.

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Sunday, October 4, 2009

Intune Networks Raises $32.5 Million

Intune Networks, a Dublin, Ireland-based telecom equipment supplier, has raised $32.5 million in new VC funding. Kernel Capital and financier Dermot Desmond co-led the round, and were joined by Enterprise Ireland, Invest Northern Ireland and return backers Balderton Capital, Amadeus Capital Partners and Spark Capital.

PRESS RELEASE
Intune Networks, the Dublin based telecoms equipment supplier, today announced that it has secured $32.5 million in its most recent funding round. Financier Dermot Desmond, through an investment vehicle (“Dermot Desmond”), and Venture capital firm Kernel Capital led the investment with additional funding provided by existing investors Balderton, Amadeus, Spark Capital as well as long term private investors. In addition, Enterprise Ireland and Invest Northern Ireland participated in this round of financing, to support Intune’s growth in Dublin and Belfast respectively.

The funding round, which was facilitated by Bowen Advisors, is the largest private equity investment in the global telecoms optical equipment sector in 2009. It is also the largest private equity investment round in the European telecoms equipment sector and the third largest in the European IT sector this year.

Tim Fritzley, CEO, Intune Networks said: “We received an extremely positive response to our recent fundraising road show and are delighted to have brought new investors, Dermot Desmond and Kernel Capital, on board as well as securing additional support from our existing investors and both governments, north and south of the border.

“The funding will be used for the full commercial product launch in mid 2010, as well as for expanding market coverage beyond the European carriers on into North America and Asia. There are tremendous global opportunities for Intune Networks to roll out its innovative technology to help revolutionise how next generation networks and web services are developed and delivered. We are now fully resourced and sufficiently funded to take advantage of these opportunities, to grow the company in new geographies and to cement our leadership in markets where we are already established.”

Dermot Desmond said: “I have given my support because we are firmly of the view that Intune Networks has developed a disruptive technology that will change the way that telecommunications services are delivered. I’m also delighted to have the opportunity to invest in an Irish company that has developed such a ground breaking technology. More innovation of this kind will help to reinvigorate the North and South economies.”

Niall Olden, Kernel Capital noted, “It’s a testament to the strength and potential of Intune Network’s technology that it has successfully raised funding in the current economic climate. I look forward to watching Tim Fritzley and his team further grow and develop the company as it rolls out its highly innovative telecommunications technology following ten years of research and development.”

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Desmond Among Backers As Intune Raises [Euro]22m in Funds - American Chronicle

TECHNOLOGY FIRM Intune Networks has closed a [euro]22 million round of funding, which has been led by financier Dermot Desmond and venture capital firm Kernel Capital.

Existing investors Balderton Capital, Amadeus Capital, Spark Capital, as well as unnamed private investors who backed the company during its start-up phase, also participated. State development agencies Enterprise Ireland and Invest NI, which provided support for Intune's establishment of a pound(s)9.27 million research and development centre in Belfast earlier this year, also provided funds.

The funding will support Intune through to the commercial launch of its products and a financial break-even position, chief executive Tim Fritzley told The Irish Times yesterday.

The company has focused on the European market to date - it has three telecommunications companies trialling its technology - but the funding will see it move into North America and Asia.

Intune has developed a laser-based technology called Optical Packet Switch and Transport, which allows significantly more traffic to be sent over existing fibre-optic networks using different coloured lights.

It was founded in Dublin in 1999 by UCD graduates John Dunne and Tom Farrell.

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Saturday, October 3, 2009

Desmond-backed telco Intune boosted with €22m funds fillip - Irish Independent



A FLEDGLING Irish telecoms firm is targeting a turnover of "hundreds of millions" within three years after securing €22m from a Dermot Desmond-led group of private equity investors.

Founded in 1999, Dublin-based Intune Networks is advancing a new technology to enable telecoms networks to work more efficiently.

The Irish Government has already asked the firm to build the Exemplar Smart Network here, marking the first step in the country's "next generation" communications systems.

Intune boss Tim Fritzley yesterday said the Irish deal was the "first step" but was "very small" since it only involved supporting a network that would be a "test bed for researchers".

"The big ones are the national telecoms carriers," he said. "We'll do a couple of small deals there in 2009 and then the big ones will start to happen in early 2010."

Ambitious

The big deals in 2010 will drive Intune's turnover to "small millions", all sourced in Europe, Mr Fritzley said. In 2011 the company will branch out to North America and in 2012 Asia will come onto the radar and sales will shoot to "hundreds of millions".

The ambitious forecasts came as financier Mr Desmond praised Intune's technology as something "that will change the way that telecommunications services are delivered".

Mr Fritzley said it was a "huge thing" to have gotten someone of Mr Desmond's business calibre involved, adding that the IFSC founder "is very aware of what we're doing and really understands it".

Intune's business plan predicts break-even for 2011, and the firm has already begun staffing up. "We had 120, we've added another 15 or 20 in the last few weeks, and we'll probably add another 25 by the end of the year," Mr Fritzley said. "Then we'll push past the 200 mark in 2010 depending on the technology's rollout".

Mr Fritzley said he was confident of growth because the efficiencies of Intune's technology become even more important as telecoms networks advance to next-generation wireless technologies.

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Friday, October 2, 2009

Intune Networks raises $32.5 million in venture capital funding - TMCnet

Intune Networks Limited, an Ireland-based telecom equipment design company, has raised $32.5 million in new venture capital funding. Kernel Capital Partners and financier Dermot Desmond co-led the round, with additional funding provided by existing investors Balderton Capital Management (UK), LLP, Amadeus Capital Partners Limited and Spark Capital as well as long term private investors.

In addition, Enterprise Ireland and Invest Northern Ireland also participated in this round of financing.

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Venture Capital Sings Intune’s Song - New York Times

Intune Networks, a Dublin-based supplier of telecommunications equipment, has raised $32.5 million in a new round of funding co-led by financier Dermot Desmond and Kernel Capital.

Enterprise Ireland and Invest Northern Ireland participated, as did previous investors Balderton Capital, Amadeus Capital Partners and Spark Capital.

The company said that the funding marked the largest private equity investment round in the European telecoms equipment sector and the third largest in the European IT sector this year.

View Article from peHUB

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Thursday, October 1, 2009

Intune raises €22m venture investment from investors including Dermot Desmond

A Dublin technology firm that develops tuneable lasers to make fibre networks more efficient has secured €22m worth of venture capital investment from investors that include Kernel Capital and Irish financier Dermot Desmond.

Desmond, through an investment vehicle 'Dermot Desmond', and venture-capital firm Kernel Capital, led the investment with additional funding provided by existing investors Balderton Capital, Amadeus Capital and Spark Capital, as well as long-term private investors.

Enterprise Ireland and Invest Northern Ireland also participated in this round of financing, to support Intune’s growth in Dublin and Belfast, where more than 100 people are employed by the company.

The funding round, which was facilitated by Bowen Advisors, is the largest private-equity investment in the global telecoms optical equipment sector in 2009. It is also the largest private equity investment round in the European telecoms equipment sector and the third largest in the European IT sector this year.

“We received an extremely positive response to our recent fundraising road show and are delighted to have brought new investors, Dermot Desmond and Kernel Capital on board, as well as securing additional support from our existing investors and both governments, north and south of the border,” Tim Fritzley, CEO, Intune Networks explained.

“The funding will be used for the full commercial product launch in mid 2010, as well as for expanding market coverage beyond the European carriers on into North America and Asia.”

During the summer, Intune Networks were appointed by the Irish Government to make Ireland a testbed for the Exemplar Network, a futuristic fibre network that could host multiple telcos on a single strand of fibre. The appointment has paved the way for Intune to create an additional 300 new jobs.

“There are tremendous global opportunities for Intune Networks to roll out its innovative technology to help revolutionise how next-generation networks and web services are developed and delivered. We are now fully resourced and sufficiently funded to take advantage of these opportunities, to grow the company in new geographies and to cement our leadership in markets where we are already established,” Fritzley said.

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Intune Networks secures €22m in funding - RTE



Telecoms equipment supplier Intune Networks has secured €22m in its most recent funding round.

Businessman Dermot Desmond and venture capital firm Kernel Capital were the lead investors, with additional funding provided by existing investors Balderton, Amadeus, Spark Capital and long term private investors.

Enterprise Ireland and Invest Northern Ireland also participated in the funding round to support the company's growth in both Dublin and Belfast.

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Intune currently employs 120 people and has design centres in Dublin and Belfast. The company, established in 1999, has developed the world's first programmable fibre optic platform. This allows high quality, on-demand and interactive internet services which uses up to 7%% less energy than current networks.

The firm is leading the Government's programme to build Ireland's Smart Network in July 2009.


The funding round is the largest private equity investment in the global telecoms optical equipment sector this year. It is also the largest private equity investment in the European telecoms equipment sector and the third largest in the European IT sector this year.

Intune's CEO Tim Fritzley said the funding will be used for the company's full commercial product launch by the middle of next year as well as expanding market coverage beyond the European carriers on into North America and Asia.

'I have given my support because we are firmly of the view that Intune Networks has developed a disruptive technology that will change the way that telecommunications services are delivered,' commented Dermot Desmond.

'More innovation of this kind will help to reinvigorate the North and South economies,' he added.

Intune Networks wins €22m in funding

Expansion planned into North America and Asia

High note: Intune Networks CEO Tim Fritzley

Irish telecoms equipment supplier Intune Networks has secured €22 million in funding, this year's largest private equity investment in the global telecoms optical equipment sector.

The investment was led by financier Dermot Desmond and venture capital firm Kernel Capital, with additional funding provided by existing investors Balderton, Amadeus, and Spark as well as long-term private investors.

In addition, Enterprise Ireland and Invest Northern Ireland participated in this round of financing, aimed at supporting Intune's growth in Dublin and Belfast respectively.

This is the largest private equity investment in the global telecoms optical equipment sector in 2009. It is also the largest private equity investment round in the European telecoms equipment sector and the third largest in the European IT sector this year.

Intune Networks CEO Tim Fritzley noted: "The funding will be used for the full commercial product launch in mid 2010, as well as for expanding market coverage beyond the European carriers on into North America and Asia.

Fritzley added: "We are now fully resourced and sufficiently funded to take advantage of these opportunities, to grow the company in new geographies and to cement our leadership in markets where we are already established."

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Optical Burst Startup Bags $32M - Light Reading

Irish optical startup Intune Networks has announced a new funding round of €22 million (US$32 million) to help take its optical burst switching platform to full commercial launch and to help it break into North America and Asia/Pacific. (See Intune Secures $32.5M.)

The round, which takes the company's funding to €50 million (US$72.6 million), was led by Irish serial entrepreneur and billionaire Dermot Desmond (think of him as an Irish version of Terry Matthews, if you like...) and Kernel Capital.

The news comes just weeks after Intune announced a deal with the Irish government, which is building a new communications network as part of a broader range of economic stimulus initiatives.

That deal could prove to be a catalyst for the nascent optical burst switching (OBS) market, reckons Heavy Reading analyst Sterling Perrin.

The OBS market is so small it boasts just two players: Intune and Matisse Networks , which has already expanded outside its home turf with an early score in Europe.

Intune says it's in trials with unidentified European carriers, and while it doesn't reveal any sales numbers or projections, the company expects to reach break even in 2011.

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Intune gets Desmond funding - Irish Times

Telecoms equipment supplier Intune Networks has announced it has secured €22 million in its most recent funding round.

In a statement today, the Dublin-based company said financier Dermot Desmond and Venture capital firm Kernel Capital led the investment, with additional funding from existing investors Balderton Capital, Amadeus Capital, Spark Capital, as well as long term private investors.

Enterprise Ireland and Invest Northern Ireland also contributed financing to support Intune’s growth in Dublin and Belfast.

The funding round is the largest private equity investment in the global telecoms optical equipment sector in 2009, the company said.

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€22m investment for telecoms firm Intune - Irish Examiner

Financier Dermot Desmond and venture firm Kernel Capital are among investors to have pumped €22m into Dublin-based telecoms equipment supplier Intune Networks, it was announced today.

The investment was secured by the company in its most recent funding round and is the largest private equity investment in the global telecoms optical equipment sector in 2009. It is also the largest private equity investment round in the European telecoms equipment sector and the third largest in the European IT sector this year.

“We received an extremely positive response to our recent fundraising road show and are delighted to have brought new investors, Dermot Desmond and Kernel Capital on board, as well as securing additional support from our existing investors and both governments, north and south of the border, “ said Intune Networks CEO Tim Fritzley.

Founded in Dublin in 1999 by UCD graduates John Dunne and Tom Farrell, Intune is focussed on the telecoms equipment market and specifically the area of internet switching, where it is developing network architectures to cope with the massive increase in unpredictable online traffic.

Intune currently employs 120 people and has design centres in Dublin and Belfast.

“We are firmly of the view that Intune Networks has developed a disruptive technology that will change the way that telecommunications services are delivered,” Mr Desmond said.

“I’m also delighted to have the opportunity to invest in an Irish company that has developed such a ground breaking technology. More innovation of this kind will help to reinvigorate the North and South economies.”

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