|June 2, 1999 - HITEC ‘99 - Atlanta, Ga. - Elastic Networks,
Inc. today announced a distribution agreement with Darwin Networks, a leading
provider of turnkey access solutions to apartments, hotels, office buildings,
and telephone companies. Under the terms of the agreement, Darwin
will carry the full suite of Elastic Network’s products including its EtherLoopä
technology-based high-speed copper access solutions and its YesWareä
software suite that provides laptop mobility, billing and system management.
“The versatility of Elastic Networks’ solutions are a perfect fit for
Darwin’s strategy to provide innovative solutions to select vertical markets,”
said David Gibbs, president, Darwin Networks. “Elastic products
Elastic Networks product portfolio addresses the needs of carriers,
enterprises, and vertical markets such as hospitality and multi-tenant
housing. Elastic’s core suite of high-speed copper access solutions
“We are pleased to have a partner with similar business growth strategies,”
said Phil Griffith, vice president , sales and marketing, Elastic Networks.
“Our solutions enable Elastic Networks and Darwin to
Darwin Networks provides high-speed connectivity to the Internet using high-speed copper access solutions including Digital Subscriber Line (DSL) technologies and EtherLoop next-generation DSL technology. The company provides full turnkey, revenue sharing solutions to owners of apartments, office buildings and hotels, as well as telephone companies.
Based in Louisville, Kentucky, the company was founded by executives from the telecommunications, data networking and Internet Service Provider industries, with extensive experience in broadband deployment. The core management of Darwin Networks formed what is now the #3 provider of cable TV-based broadband services in the US.
The Company is held by Broadband Solutions, LLC, Louisville, KY. Broadband’s
investors include Chrysalis Venture of Louisville; River Cities Capital
Fund, Cincinnati, Ohio; Windcrest Partners, New York City and Bailey Capital
Corporation, Palm Beach, FL. Broadband’s chairman, David A. Jones,
Jr., is managing director of Chrysalis and vice-chairman of Humana Inc.
Investor Paul Allen’s Vulcan Ventures of Seattle hold a significant interest
in Darwin Networks, Wash. Darwin Networks presently
About Elastic Networks
Elastic Networks, Inc., based in Alpharetta, GA, is a private company funded by Nortel Networks, Texas Instruments and Pequot Capital.
|Also See:||The Battle for the High-Speed Internet Guest / Geneva Rinehart / Feb 1999|