Gabriel News
Gabriel Venture Partners invests in Indian Startup Tejas Network
Leading Developer of Next Generation Optical Networking Products Attracts Additional Capital from Top-Tier Silicon Valley VC
Redwood Shores, California, May 10, 2005 - Gabriel Venture Partners announced today that it made a direct India investment in Tejas Networks, a leader in next-generation SDH/SONET products.
“The support and funding that we have received from top-tier investors and venture capital firms to date not only validates that Indian companies can attract world class capital and compete in a global market, but also puts Tejas in a strong position to build on its growing leadership position in the next-generation optical networking market. We are pleased that Gabriel Venture Partners has joined our existing investors and are excited to be working with Navin Chaddha at Gabriel,” said Sanjay Nayak, Chief Executive Officer of Tejas Networks.
Since its founding in 2000, Tejas has several customers worldwide and the company’s equipment is running successfully in over 25 live carrier networks across the globe. Tejas’ TJ100 family of next-generation optical access products enable customers to build SDH/SONET networks that can effectively service both voice and data applications. Apart from having a large customer base in India, Tejas has forged several international OEM partnerships with major market leaders.
“We are excited to be an investor in Tejas Networks as it is one of the first companies in India that is demonstrating world-class products development, as opposed to many Indian companies that have been traditionally focused on the services and outsourcing industry,” said Navin Chaddha, General Partner, Gabriel Venture Partners. “The quality of Tejas’ solution is evident from the fact that the company’s products are already running successfully in over 25 carrier networks globally today, with business growth continuing to accelerate.”
About Tejas Networks
Tejas Networks is the emerging leader in India building next generation optical networking products for the global market. Tapping into the exploding need to deploy broadband data services based on Ethernet while still supporting traditional voice services, Tejas pioneered the development of cost effective, software-differentiated, next generation SDH/SONET products that enable telecom carriers to converge traditional voice-based networks with the new data-dominated networks. With over 25 customers around the world using thousands of Tejas products in live carrier networks, Tejas continues to build on its mission of delivering state-of the-art, cost-effective products to the global market. Contact Tejas Networks at http://www.tejasnetworks.com/
About Gabriel Venture Partners
Gabriel Venture Partners® is a hands-on, early-stage venture capital firm with offices in Silicon Valley and the Mid-Atlantic, managing over $260 million. Gabriel’s investors take a team-oriented approach to leverage their combined operating experience and global networks, actively partnering with entrepreneurs in order to deliver maximum value-add across every stage of a startup company's growth cycle. Gabriel adopts a focused, thesis-driven approach towards investing within specific sectors of information technology. For more information, visit http://www.GabrielVP.com
Media Contacts:
Gabriel Venture Partners
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