FORT LAUDERDALE, FL—DataCore Software Corporation, a vendor of hardware independent, storage virtualization software, has accepted a $30 million equity investment from Insight Venture Partners and Updata Partners.
“DataCore has gained global customer traction with superior storage virtualization and storage management solutions,” said Barry Goldsmith, General Partner, Updata Partners. “We are pleased to invest in a company that has already had significant impact in its market and is well-positioned for high growth.”
When Insight and Updata approached us, it was clear that they already understood that DataCore has become the storage virtualization and SAN management solution of choice in the server and desktop virtualization space,” said Ziya Aral, Chairman and CTO, DataCore Software.
The company sells storage virtualization SAN software it says fundamentally changes the economics of managing storage with innovative software that combines advanced functions and services with the agility and savings of hardware independence.
DataCore says it lowers the cost and complexity of IT by making storage efficient, fast, flexible, fail-safe and virtual. DataCore’s portable storage server software simplifies and automates capacity expansion and centralizes storage management for Windows, UNIX, Linux, MacOS, NetWare, VMware, Citrix XenServer and other leading open system and virtual server platforms.
On the Web: www.datacore.com
Southeast Venture Conference, February 29 – March 1, 2012 at the Ritz Carlton in Tysons Corner, VA – Where Smart Money Meets Smart People.
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