Virtualization Technology News and Information
@Egenera Receives $16 Million from Comvest Partners for Continued Growth and Innovation

Egenera, a leader in converged infrastructure and cloud management software, today announced they have received $16 million in funding from Comvest Partners through its Comvest Capital II/III funds. The funds will be used to further product innovation and aggressively drive its go-to-market strategy.

“With cloud transforming businesses of all kinds, our technology puts us at a strong competitive advantage which is what made us such an interesting investment prospect,” said Pete Manca, CEO of Egenera. “The new funding will help fuel our sales and marketing efforts, enabling more companies to transform the way they manage their cloud infrastructures and virtual data centers.”

“Egenera’s technology is unique within the cloud management space putting them in a position to take a significant share of the market,” said Dan Lee, managing director of Comvest Partners. “We are excited to invest in the future growth of this company, and feel they have the proven executive team and technology for success.”

Egenera enables organizations to deliver flexible yet highly reliable IT and cloud services. Today, Egenera offers a range of software products that provide support for physical, virtual and cloud environments with enterprise level scalability and reliability. These solutions help organizations drive down their capital and operational costs by providing intelligent automation and control across on and off-premise clouds.

Published Friday, June 06, 2014 7:17 PM by David Marshall
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