| P-Cube Ltd. | |
| Type: | Subsidiary |
| Fate: | Acquired by Cisco |
| Foundation: | 1999 |
| Founder: | Yuval Shahar, Benny Shnaider, Giora Yaron |
| Defunct: | 2004 |
| Location City: | Sunnyvale, California Tel Aviv, Israel |
| Industry: | Computer networking |
P-Cube was a service delivery platform company based in the United States, with R&D facilities in Herzliya, Israel. It was acquired by Cisco Systems on August 23, 2004.[1] Cisco announced an end of sale of the lower end platforms of the product (now renamed the Service Control Engine or SCE) in October 2012.[2] Further development of the SCE platform continues and replacements are available from Cisco Systems.[3]
P-Cube was founded in 1999 by three Israeli technology entrepreneurs. Yuval Shahar was the company's CEO and previously served as a development manager for VocalTec (Nasdaq:VOCL). Benny Shnaider, was previously a co-founder of Pentacom, which was also acquired by Cisco in April 2004 for $118 million. The third founder, who was P-Cube's President, Giora Yaron, was previously president of Indigo NV (Nasdaq: INDG), and general manager of Tower Semiconductor (Nasdaq: TSEM).[4]
The idea for founding P-Cube came as a result of examining ways to improve Internet service providers' profitability. P-Cube offered them the ability to provide additional services for a fee, bringing them much needed dollars that help make them more profitable.[5]
P-Cube raised more than $65 million in venture capital funding from: Granite Global, Accel Partners, ComVentures, Evergreen, Sandoz, and Venture TDF Ventures.[6]