CTERA Networks Launches; Introduces Cloud Attached Storage(TM)

Tue Jan 6, 2009 8:01am EST

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Secures Series 'A' Funding from Benchmark Capital

    PETACH TIKVA, Israel and PALO ALTO, Calif., Jan. 6 /PRNewswire/ --
CTERA(TM) Networks Ltd., an innovator in next-generation storage solutions,
today officially introduced its Cloud Attached Storage(TM) technology in
advance of this week's Consumer Electronics Show in Las Vegas, NV. By bundling
Network Attached Storage (NAS) and cloud storage services into a single
appliance, the new technology marries the performance and simplicity of a
local NAS device with the scalability and reliability of cloud storage to
enable service providers to launch new consumer and small business services.
    CTERA also announced that it has secured first-round venture financing
from Benchmark Capital.
    This week, CTERA is unveiling its smallest form factor appliance, the
CloudPlug(TM): a tiny form-factor, plug-top computing device that instantly
transforms any external USB hard drive into a NAS device with automatic
backup. The contents of any attached USB drive are automatically backed up
online without the need for any user intervention or PC client software, thus
ridding users of the tedious and expensive task of setting up a dedicated file
server and managing the backup process.
    "The transparency of an appliance-based service makes it especially
appealing to service providers looking to efficiently deploy large-scale
managed storage services," said Liran Eshel, founder and chief executive
officer at CTERA Networks. "We are actively working with ISPs and MSPs seeking
to integrate new managed storage services as part of their next-generation
broadband offerings."
    "The emergence of cloud storage, coupled with innovations in the
established Network Attached Storage market, presents new and exciting
opportunities. The challenge is to make storage more reliable and at the same
time keep it cost-effective," said Arad Naveh, general partner at Benchmark
Capital. "We look forward to working with the CTERA team to introduce this new
technology to the market."
    CTERA Networks was founded by Liran Eshel and Zohar Kaufman, seasoned
entrepreneurs and software pioneers who previously led SofaWare Technologies,
a Check Point company (NASDAQ: CHKP), from early incubation to a prime
position in the small business network security appliance market.
    CTERA will be holding demonstrations of the CloudPlug this week at the
Consumer Electronics Show (CES) in Las Vegas by appointment, as well as
showcasing its technology to the media on January 8 and 9 at the Lunch@Pieros
event. CTERA's products will be available in 2009 through select channel
partners. If you would like to become a CTERA partner, or if you would like to
be notified when our products are available, please fill in the contact form
at www.ctera.com or email info@ctera.com.
    About CTERA
    CTERA Networks Ltd. combines Network Attached Storage devices with cloud
storage services to create a new class of storage solutions. CTERA is
partnering with service providers to deliver next generation storage services.
To find out more about CTERA and its exciting Cloud Attached Storage(TM)
technology, visit www.ctera.com or email info@ctera.com.
    About Benchmark Capital
    Benchmark Capital, a leading international venture capital firm, was
founded in 1995 to help talented entrepreneurs with original ideas build
successful technology companies. Benchmark's general partners take a team-
oriented, labor-intensive approach to venture investing to deliver a superior
level of service to the firm's portfolio companies. Benchmark's portfolio
includes high-profile start-ups like Infinera, MySQL, OpenTable, Second Life,
Tellme, Yelp, and Zillow, and franchise companies such as eBay, Juniper
Networks and Red Hat. The firm manages nearly $2.8 billion in committed
venture capital. For more information on Benchmark Capital, visit its website
at www.benchmark.com.
     Media contact:
     Allison Wagda
     pr@ctera.com
     Tel: +1 (650) 906-6320

    (C)2009 All rights reserved. CTERA, Cloud Attached Storage, CloudPlug and
the CTERA logo are trademarks, service marks or registered trademarks of CTERA
Networks Ltd. All other trademarks are the property of their respective
owners.
SOURCE  CTERA Networks Ltd.

Allison Wagda of CTERA, +1-650-906-6320, pr@ctera.com
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