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FOR IMMEDIATE RELEASE
Contacts
FCEDA
Alan Fogg
703-790-0600 (o)
571-213-5065 (m)
afogg@fceda.org
eIncubator
Mark Fedeli
703-845-8500 x1005
pr@eincubator.net
Network Mantra
Suprotik Ghose
703-378-3299 x111
Software Leader Network Mantra Graduates from eIncubator Program
Company moves into Fairfax County office space, FCEDA says
Fairfax County, Virginia September 5, 2001— Network Mantra, a start-up that develops software for network infrastructure management, has graduated from the business development program at eIncubator and moved into office space in the Westfields office park in Fairfax County, eIncubator and the Fairfax County Economic Development Authority (FCEDA) announced.
Network Mantra provides network service management software for provisioning and deploying Internet Protocol (IP) networks. The company enrolled in eIncubator in 2000 to receive customized assistance in product and business plan development, marketing, accounting and legal services.
"We are excited to be a growing part of the Fairfax County technology economy," said President & COO Fred Rucker. "eIncubator has been an invaluable help in Network Mantra's early development."
"We were impressed with Network Mantra's vision and ability to execute the first time we met them. It is a great company with tremendous potential to be a market leader in its space," said eIncubator's Chris Bradley.
"Network Mantra is our first great success from the FCEDA-sponsored Baileys Crossroads incubator. We look forward to watching this company as it grows and becomes an integral part of the Fairfax County community," said Gerald L. Gordon, Ph.D., president and CEO of the FCEDA.
About Network MantraNetwork Mantra provides the de-facto standard Service Delivery Platform for Internet service providers and companies relying on the Internet for communications and commerce. Network Mantra's netCM enables network managers of global enterprises to perform intelligent, policy-specific network device configuration and change management, resulting in increased reliability and enhanced scalability of service delivery. Service Providers may use NetCM to provision client-edge network access service, network core devices, virtual private network (VPN) or any differentiated and bundled IP services. Network Mantra is based in Chantilly, Virginia and is a privately held company with funding from Gabriel Venture Partners, CMS Companies and other investors.
About eIncubatoreIncubator is a team of proven business leaders who identify, instruct, and launch premiere early-stage technology companies. Headquartered just outside of Washington, DC in the booming technology region of Fairfax County, Virginia, eIncubator accelerates ground-breaking companies through a customized set of services, including business development, product management, strategic marketing, and access to venture financing. In conjunction with its network of strategic partners, eIncubator helps portfolio companies navigate the many challenges of building a successful technology company. eIncubator works in partnership with both private and public institutions in the US and internationally to commercialize innovative technology and to promote regional economic development.
About the FCEDAThe Fairfax County Economic Development Authority (www.FairfaxCountyEDA.org) promotes Fairfax County, Virginia, as a business and technology center. The FCEDA provided the initial funding for the incubator and located it in the Baileys Crossroads area of the county. The FCEDA maintains marketing offices in London, Frankfurt and Tokyo.
Domestic and international marketing staffs work with U.S. and foreign companies interested in expanding or relocating operations. A market research and real estate division help clients learn more about office space opportunities. The FCEDA also runs a capital attraction program to link entrepreneurs and start-up firms with venture capitalists and angel investors. Another program assists small, minority- and women-owned businesses. The FCEDA has marketing offices in London, Frankfurt and Tokyo. For more information call 703-790-0600.
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