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Prism finds new fund size to be a perfect fit

Prism Venture Partners, the 9-year-old, early stage venture capital firm based in Westwood, is looking toward the future with a new fund, its first portfolio company under that new fund and some executive level changes. The firm announced its new $250 million fund last week. The new fund is the firm’s fifth, bringing its total capital under management above the billion dollar mark to $1.25 billion. The company intends to continue with the industries and portfolio pr ofile it has maintained since its inception in Continue reading →

CXO Systems Integrates Visibility Dashboard for Cisco

CXO Systems, a provider of enterprise business and risk intelligence software, is working with Cisco Systems, Inc. to integrate its visibility dashboard for real-time business and risk intelligence in the newly announced Cisco technology, Application-Oriented Networking (AON). AON is a network-embedded, intelligent message routing system that enables applications and the network to work together as an integrated system. CXO said the dashboards ensure that senior-level executives needing business and IT information have access to the most up-to-date data in the enterprise; ensuring critical decisions are Continue reading →

Cisco’s new unit aims for network intelligence

Cisco’s new Application Oriented Network or AON business unit is designed to add more intelligence to the network and boosts a host of technical relationships, such as IBM and SAP. It is also, according to Zeus Kerravala, analyst at Yankee Group, a difficult concept to grasp. “I think it was a hard concept to grasp and to explain because some of the attendees seemed not to understand it,” he said. While that may be a problem, Kerravala remains high on the concept. “At the same Continue reading →

Cisco Unveils Application Aware Networking

Cisco Systems unveiled its vision for Application-Oriented Networking (AON) — a new initiative and set of technologies designed to move beyond the packet level to read application-to-application messages flowing within the network. “Intelligence throughout the network changes IT forever,” said John Chambers, speaking in a keynote address at Cisco’s “Networkers 2005” conference in Las Vegas, likening such service to “application-dial tone.” “Layers 1 to 7 of the network are completely blurring together,” said Chambers. “You are not going to be able to tell the difference Continue reading →

Cisco’s XML bid leans toward messaging

COLORADO SPRINGS, Colo. — Cisco Systems Inc.’s long-awaited response to Extensible Markup Language (XML) acceleration products was unveiled Tuesday (June 21) during a company event in Las Vegas. The intelligent message-handling card for Cisco’s ISR and 2600 branch-office routers and Catalyst 6500 switches is tightly focused on message-passing acceleration for corporate applications like Tibco and Financial Information Exchange (FIX) — so much so that the product appears to be a direct response to new message routers unveiled by Canadian startup Solace Systems Inc. The laser Continue reading →