Israel Innovation 2.0

Last week Crescendo Networks announced that it raised $5 million in funding. The company, which provides software that enhances the Web application delivery process, will use the money to “further fuel sales expansion” and to move its corporate headquarters to Menlo Park in California, though engineering and some operations will remain in Tel Aviv.

Since 2002, when the company was founded, it has raised $45 million and attracted customers ranging from Forbes.com to Aeropostale to Fujitsu. As more business processes become based online and virtualization, SaaS and cloud computing matures, Crscendo Networks’s line of AppBeat products will continue to offer any size business with the necessary solutions to accelerate application delivery, cut data center costs and boost capacity for business growth.

As Peter van Oppen of Trilogy Equity Partners, one of the investors in the round, stated,

“As the IT world experiences a paradigm shift in the way applications are delivered, data centers are incorporating cloud computing, SaaS and virtualization as part of modern web application infrastructures. We believe Crescendo Networks’ application delivery solutions are perfectly poised to capitalize on these expanding market opportunities.”

Crescendo’s products include, AppBeat DC, AppBeat SC and Maestro Platform.