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PARC spins out cloud networking startup PowerCloud

By | November 30, 2010, 5:33am PST

Summary: PowerCloud focuses on cloud technology for OEMs that make it easier to deploy and manage business networking devices.

The Palo Alto Research Center (PARC) said Tuesday that it is spinning out PowerCloud Systems, a startup that has been incubated at the research unit of Xerox.

PowerCloud focuses on cloud technology for OEMs that make it easier to deploy and manage business networking devices. The company’s technology is based on PARC patents—two exclusive and eight shared, according to a statement. These patents focus on cloud-virtualized network controllers and security tools.

PowerCloud notes that it has “the first networking cloud operating system.”

The move to spin out PowerCloud represents one of the ways PARC makes money. PARC incubates and invests in startups and then can cash in later. PARC also gets royalties, equity and licensing fees. Walden Venture Capital and Javelin Venture Partners will also invest in PowerCloud along with PARC.

Jeff Abramowitz is the CEO of PowerCloud. He joined PARC as an entrepreneur in residence.

Related: PARC CEO Mark Bernstein on innovation, R&D, Steve Jobs and Xerox

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Topics

Network, Xerox PARC, Jeff Abramovitz, Networking, Larry Dignan

Larry Dignan is Editor in Chief of ZDNet and SmartPlanet as well as Editorial Director of ZDNet's sister site TechRepublic.

Disclosure

Larry Dignan

Larry Dignan has nothing to disclose. He doesn’t hold investments in the technology companies he covers.

Biography

Larry Dignan

Larry Dignan is Editor in Chief of ZDNet and SmartPlanet as well as Editorial Director of ZDNet's sister site TechRepublic. He was most recently Executive Editor of News and Blogs at ZDNet. Prior to that he was executive news editor at eWeek and news editor at Baseline. He also served as the East Coast news editor and finance editor at CNET News.com. Larry has covered the technology and financial services industry since 1995, publishing articles in WallStreetWeek.com, Inter@ctive Week, The New York Times, and Financial Planning magazine. He's a graduate of the Columbia School of Journalism and the University of Delaware.

For daily updates, follow Larry on Twitter.

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RE: PARC spins out cloud networking startup PowerCloud
birumut Updated - 19th Jun
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RE: PARC spins out cloud networking startup PowerCloud
tonymcs@... Updated - 30th Nov 2010
Someone told Apple? Tell them to get the re-engineers ready
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RE: PARC spins out cloud networking startup PowerCloud
birumut Updated - 19th Jun
Well done! Thank you very much for professional templates and community edition
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