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Dunes Technologies raises capital and appoints a new CEO

Quoting from Virtual Strategy Magazine

Dunes Technologies SA, the market leader in process automation and system management software for virtual environments, announced today that it has raised new equity capital led by Affentranger Associates along with private investors and employees. The company will use the funds raised to ramp-up its sales activity and expand its operations in the US under the leadership of Dr. Robert Laurie, the newly appointed CEO of Dunes.

With a software suite dedicated to virtual servers and desktops, Dunes empowers companies to optimize the use of their servers and virtual infrastructure. With the help of preset or customized procedures, Dunes software enables automation of the management of virtual infrastructure environments thus drastically reducing cost, time and risk of IT operations.

“Our investment reflects our strong belief in the value proposition of the products developed by Dunes and, the arrival of Dr. Laurie as CEO is a major milestone for the company” said Ernst Messmer, Partner at Affentranger Associates and interim Executive Chairman of Dunes. “Dr. Laurie’s track record as an entrepreneur and his deep knowledge of the US market will enable Dunes to move to the next level of growth and success.”

“The current explosion of the market for virtual servers is creating a very favorable environment for Dunes” said Dr. Laurie. “With new capital, Dunes is well positioned to leverage the positive dynamics of the market. In the coming weeks, we will ramp-up our sales and technical team to serve our fast growing client base including several Fortune 500 companies that are planning to roll-out a virtualized environment across their organization.”

As result of this investment, Nicolas Fulpius from Affentranger Associates will be joining the Board of the company as Chairman. Ernst Messmer will remain actively involved with the company as a technology advisor to the Board.

Read the original story, here.

Published Thursday, September 14, 2006 9:40 PM by David Marshall
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