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Turin Networks – Profile

March 30, 2005

HQ: Petaluma, CA
Founded: 1999
Management: Founder, Chairman and CMO is the South African John Webley – he was a founder of Advanced Fibre Communications and recently left the company as CTO. He tapped CEO Henry Wasik who was previously SVP at Alcatel. Turin has an impressive board including Doll Capital’s Dixon Doll and Advanced Fibre Communications Chairman Don Green.
Investors: In January 2002, Turin raised a $58M Third Round for a total of $170M to date. Investors were: DCM Doll Capital Management, RWI Group, Tako Ventures (Larry Ellison), Telos Venture Partners, Bay Partners, Sequoia Capital, and Van Wagoner Capital. It raised over $60M in its second round.
Business Model: Company sells SONET/SDH multiservice equipment, which happens to be a very fast growing market, and Turin holds leadership. Turin has had nearly 100 customer wins to date, most notably NTT.
Competitors: Cisco Systems, AFC, Alcatel.
Dirt: The company appears to be rock solid and has proven that it can beat Cisco. We expect Turin will go public in 2005, early 2006 at the latest.

2 Comments leave one →
  1. June 10, 2006 4:22 pm complimentwhosewondered

  2. June 20, 2006 10:29 pm

    Edmonton dominated the Carolina Hurricanes on Saturday night and the 4-0 margin in Game 6 makes it hard to imagine the Oilers not hoisting hockey’s Holy Grail above their heads in less than 48 hours. And it would not come as any shock to see defenseman Chris Pronger, who had another 31-minute night, take the honors for the Conn Smythe Trophy as the playoff MVP.

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