PARC Spins Out PowerCloud Systems

Hello!  Welcome to our PowerCloud Systems blog. It’s official:  After several years in stealth mode, today we are spinning out of PARC.

There is lots to tell in the days ahead. We have a technology called CloudCommand that will transform networking. It’s developed around 10 patents from the best brains at PARC. Our first commercial product hits shelves by early 2011. Many thanks to our talented engineering team and the countless people who believe in us. Look out world, here we come! Ready, go!

The official press release:

PARC Spins Out PowerCloud Systems, Offers Innovation in Cloud-Managed Networking

Experienced Executive Team Leads, Top Venture Capitalist Firms Back New Company

PARC (Palo Alto Research Center Incorporated), a premier center for commercial innovation, and PowerCloud™ Systems, Inc. today announced the spin-out of PowerCloud Systems, which has been incubated at PARC since early 2008 and is initially focusing on offering cloud-managed networking solutions for small and medium-sized businesses. Walden Venture Capital and Javelin Venture Partners are joining PARC as investors in the company.

PowerCloud Systems invents and engineers cloud-based technology for OEM vendors that makes business networking devices dramatically easier to deploy, secure, and manage — all at an unprecedented low cost. The company builds on intellectual property developed at PARC, including two exclusive and eight shared patents in areas ranging from cloud-virtualized network controllers to “usable security.” Usable security marries PARC’s technological expertise about security with the behavioral realities of how people manage security in various contexts of use.

About PowerCloud Systems
PowerCloud Systems is the leading online software platform provider for enabling Networking as a Service (NaaS). Its CloudCommand technology provides OEMs and service providers with the most powerful and cost-effective path for adding comprehensive cloud capabilities to their new and existing networking equipment. Based in Palo Alto, Calif., PowerCloud Systems is a spin-out from PARC that is funded by Qualcomm Ventures, Walden Venture Capital, Javelin Venture Partners and PARC. For more information, visit www.powercloudsystems.com.

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