Business Weekly - Cambridge, UK

Launched in April 2004, ZXTM enables companies to securely manage and optimise traffic around both web-based applications and websites, ensuring the highest levels of security, resilience and performance for web based applications and delivering swift and seamless interaction between web-enabled application services.

Market analysts have estimated that the total market for application acceleration equipment was approximately $1 billion in 2004, with the fast-growing application delivery controller segment – where Zeus is active – reaching $220m.

Chairman Paul Brennan said: “Zeus is at an important point in its lifecycle and this current round of funding will help the company solidify its position within the fast-growing application management market and provide us with the backing to expand.

“We’ve developed a fantastic family of products around ZXTM and established technology leadership within our core markets. The next obvious step is to build on our success and expand our sales and marketing to secure significant market share.”

Zeus’s intelligent traffic management solutions are used by market leading organisations such as eBay, E*Trade, Cable and Wireless, NEC, BT and Verisign.

It also has technology and reseller agreements with some of the world’s largest technology companies such as HP, IBM, Sun, Intel and AMD.