Ascend Invests In Hydraweb Technologies, Paving The Way For Combined Products
MARKET DATA DISTRIBUTION
NEW YORK--Saying that it needed the support of "a big brother", Hydraweb Technologies, maker of network load balancing/packet-forwarding products, secured an equity investment from Ascend Communications, the Alameda, California-based networking products competitor of Cisco Systems.
Hydraweb's load balancing technology has been accepted by vendors and users alike in the securities industry, among them Reuters, Bridge Information Systems, ILX Systems, Bear Stearns and DLJ Direct (TTW, September 14)
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