New Jersey Economic Development Authority Invests in Ranch Networks
Funding Emphasizes Ranch Networks Role in Shaping the VoIP (Voice over Internet Protocol) Industry
Morganville, NJ — August 28, 2006 — Ranch Networks, provider of networking appliances designed to facilitate carrier and enterprise grade VoIP deployments, today announced it has received $1 million in funding from the New Jersey Economic Development Authority’s (NJEDA’s) Techniuum Initiative. The funding further establishes Ranch Networks’ credibility and continued growth in the IP telephony industry.
“It is always exciting to watch an emerging business develop and succeed in New Jersey and we are pleased that Ranch Networks will use our Techniuum investment to meet its growth needs and move its technology forward,” said NJEDA Chief Executive Officer Caren S. Franzini. “The broad resources the NJEDA makes available under Techniuum support Governor Corzine’s initiatives to encourage the location and growth of technology and life sciences companies and related jobs in New Jersey. Early-stage and advanced companies can learn more about Techniuum by visiting www.njedatechniuum.com.”
Ranch Networks’ technology is designed to work with leading IP PBXs and supports all sizes of enterprise and carrier deployments. In January, Ranch Networks launched its RN series of appliances and the first security code for Asterisk, the open source PBX. Ranch Networks’ IP PBX controlled appliances provide dynamic, protocol independent, per-call authenticated network access. This unique approach both simplifies and increases network security, scalability, and reliability.
The NJEDA is an independent, self-sustaining state financing and development agency that works to promote economic growth, job creation and the revitalization of New Jersey’s communities with financing assistance, technical support and entrepreneurial training, and real estate development activities. Techniuum provides a continuum of customized, streamlined, long-term support to technology and life sciences companies as they advance through their life cycle of growth and expand their products and services. Through this innovative initiative, the NJEDA can assist with financing, angel and lease guarantees, access to venture capital and incentive tools as well as affordable office, laboratory and production facilities.
“The NJEDA recognized the potential in VoIP,” said Ram Ayyakad founder and CEO of Ranch Networks. “As a result, NJEDA identified Ranch Networks as an integral part of the IP telephony industry. The funding will help us continue to advance our product offerings and expand our team.”
About Ranch Networks
Ranch Networks was founded in 2000 by former ex-Bell Labs engineers and offer internet protocol telephony network appliances that secure, manage and scale VoIP traffic beyond existing firewall technologies. Ranch Network’s products integrate security and bandwidth control and guarantee delivery of reliable and secure communications between office employees, remote office locations or service providers and enterprise customers.
Ranch Networks and the Ranch Networks logo, are registered trademarks of Ranch Networks, Inc. All other trademarks are the property of their respective owners.