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Qlusters Closes $10 Million in Series C Funding

Proceeds will be used to Broaden Product Offerings and Expand Market Presence in the Open Source Virtual Systems Management and Provisioning Space

Qlusters, Inc., the leading provider of open source virtual and physical systems management and provisioning software, today announced that the company has secured $10 million in Series C funding. All of the existing investors - Benchmark Capital, Israel Seed Partners, Duff Ackerman & Goodrich and Charles River Ventures participated in the third round of funding, as well as a strategic investor from the enterprise storage space. Qlusters has raised over $33 million in total funding since the company was founded by Ofer Shoshan in 2001.

Qlusters, which introduced QRM in 2003, and openQRM in January 2006, quickly gained industry accolades as the leading open source systems management and provisioning solution. openQRM brings virtualization savings to bare metal systems by providing data center provisioning and management for both virtual, physical or hybrid virtual/physical environments. As of today, downloads of openQRM have exceeded the 100,000 milestone and has shown continual momentum.

"Qlusters is positioned to become a great company in the enterprise systems management space," said Michael Eisenberg, partner at Benchmark Capital and the first investor in Qlusters. "openQRM is one of the most mature solutions in this market and is attracting growing interest from OEMs and large enterprises."

"openQRM is the result of over 4 years of development and deployment in complex enterprise data centers," said Ofer Shoshan, founder and CEO of Qlusters. "We are currently the #1 open source systems management solution and this funding will enable us to ramp up our commercial success even faster."

Published Wednesday, August 01, 2007 5:29 AM by David Marshall
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