Univa Closes Additional $7M in Funding
Financing to Accelerate Data Center Optimization Strategy
Lisle, IL, January 25, 2011 – Univa, the data center optimization company, today announced it has secured $7M in new financing to accelerate the company's market strategy.
Participating in the funding are new investors Core Capital Partners and Hatteras Funds as well as incumbent investors River Cities Capital Funds, ARCH Venture Partners, New World Ventures and Appian Ventures.
"Core Capital believes the market for virtualization and data center efficiency will be a top driver for corporate IT spending in the near term," said Mark Levine, managing director, Core Capital Partners. "We're excited to join Univa's existing investors at this inspiring time as the company positions itself as a leading solution provider in data center optimization."
"This vote of confidence in Univa's business plan during such difficult economic times speaks well of our opportunity to capitalize on our stated data center optimization strategy," said Gary Tyreman, president and CEO of Univa.
"The investors in Univa believe in the plan that the management team has laid out," said Rik Vandevenne, director, River Cities Capital Funds. "Data center optimization remains a challenge for practically every organization and Univa has created a comprehensive solution unmatched in the marketplace. We are confident Univa will compete at an unprecedented level this year."
Univa recently announced its strategy and development plans for improving the operational efficiency of data centers. The cornerstone of Univa's approach is its unique ‘continuous optimization' capability, which lets companies achieve unparalleled levels of efficiency through improved resource sharing, amplified efficiency of people and processes, and increased application and license utilization.
As a result companies are able to achieve an unprecedented level of ROI on existing resources through faster time-to-results and by keeping larger costs under control.
Univa is currently the only provider to offer such a broad level of integrated capabilities within the context of traditional, dynamic and cloud data centers that directly address the effects of the changing infrastructure.
About Univa Corporation
Univa, the Data Center Optimization Company, is the leading provider of optimization and management software for traditional, dynamic and cloud data centers. Our award-winning products are used by Global 2500 companies to improve resource sharing, amplify the efficiency of people and processes, and increase application and license utilization. Univa offers the industry's broadest, most innovative and integrated product set for managing shared, high-demand data center resources. From workload management to policy-driven provisioning across physical, virtual and cloud resources, only Univa provides a proven combination of enterprise-class capabilities, industry expertise, and community sponsorship. Univa is headquartered in Lisle, Illinois with offices worldwide.
About Core Capital
Core Capital is a venture capital firm headquartered in Washington, DC. The firm currently manages $350 million and provides capital to high-growth technology companies. Core Capital focuses on the kinds of disruptive, "core" technologies that enable or enhance data and communication, financing emerging opportunities in wireless, security, video, internet media, and software. To date, the firm has backed over 40 companies, with successful investments in a wide range of information technologies and business services. For more information, visit www.core-capital.com.