Founded by Raghib Hussain, a Karachiite with humble beginnings, Cavium Networks (www.caviumnetworks.com) a California based company is scheduled to go public on NASDAQ with ticker CAVM on May 2, 2007. Cavium Networks plans to price 6.3 million shares at $10 to $12 each to raise $86.3 million. The IPO is to start trading on Wednesday.
Raghib attended Delhi College and NED Engineering University, the batch of 1987-88. Based on searchable data at www.sec.gov this is the first time a company listed on NASDAQ has an NEDian Founder. Raghib was joined by fellow NEDians Amer Haider, who started the marketing department and Imran Badr, who started the software department and have been at Cavium with Raghib since the very early days of the company.
Amer Haider attended D.J Science college and NED Engineering University, batch 1989-90
Imran Badr attended Malir Cantt College and NED Engineering University, batch 1989-90
Cavium Networks is a story about NEDians and Karchiites who attended Pakistani educational institutions and are making it to the top of their game. From the corridors of NED University to Wall Street.
Cavium Networks was founded in November 2000 by M. Raghib Hussain and Syed B. Ali, a native of Hyderabad, India. Raghib Hussain is currently VP Software Engineering and CTO, Cavium Networks. Amer Haider is currently Director of Strategic Marketing and Ecosystem Development, Cavium Networks. Imran Badr is currently Director of Software Engineering and Lead Architect, Cavium Networks.
According to Red Herring, Cavium Networks, a supplier of integrated semiconductor processors to “triple play” mavens such as Aruba Networks, is deemed by many as the “pick of the week.” Here’s why. The Mountain View, California-based company caters to clients whose networking equipment delivers “triple play” packages of voice, video, and data services at high speeds. Cavium is known for its fast and secure system-on-chip processors. Its customer list is a “Who’s Who” in tech with names such as Cisco, IBM, and Samsung.
Cavium Networks is one of nine deals that investment bankers expect to price this week.
For the year ending December 31, Cavium Networks reported total revenues of $34.2 million compared with total revenues of $19.4 million for the same period a year ago.
Formed in 2000, Cavium Networks now has about 177 employees.
Relevant Links:
Cavium Networks S1 filing with the SEC to go public. Detailed information about the company, revenue etc.
http://www.sec.gov/Archives/edgar/data/1175609/000095013407009380/f26517a7sv1za.htm
Article from Red Herring – Hot Chips in May
http://www.redherring.com/Article.aspx?a=22123
BIO of Raghib Hussain from IEEE Keynote speech
http://www.cse.wustl.edu/ANCS/2006/index.html
BIO of Amer Haider from talk at Multicore Conf.
http://www.multicore-expo.com/common/session.asp?PresSeq=101
Underwriters: Morgan Stanley and Lehman Brothers are the joint-lead managers. Acting as co-managers are Thomas Weisel Partners, Needham, and JPM Securities
