By Allan Maurer
UPDATED TAMPA, FL—Persystent Software, formerly Persystent Technologies, has raised $2,860,663 in equity from three investors, according to a regulatory filing. The company sells four products that help users recover from PC disasters in a matter of seconds.
The company disclosed the funding in a filing with the U.S. Securities and Exchange Commission. It raised $11.6 million in 2008 led by ABS Ventures of Boston, and Valhalla Partners of Virginia, with participation from existing investors.
The company raised a $5.7 million B round in 2005, led by Valhalla. Other investors in the company include Inflexion Partners, Tall Oaks Capital, and Village Ventures.
In a recent interview with Maddux Media, Persystent’s Chief Marketing Officer, Mary Maloney, said the 25-employee company recently added the U.S. Postal Service as a customer nationally and had the best third quarter in its history.
The company, which currently employees fewer than 50, is hiring.
The company tells TechJournal South, “Persystent will use the new funding to invest in innovative products for the PC market, and continued support of its existing customers.”
The company sells its SOLO product for users of 1-25 PCs for $36 a year. Other products are aimed at larger business users.
The company says its products make it much easier for IT departments to recover quickly from disasters and proactively control PC damage on or off a network, even if the PC’s operating system cannot engage.
Persystent’s software automatically repairs and restores an infected or corrupted PC’s operating system and software applications, on or off the network, while also ensuring enforcement of corporate configuration policies.
It says that by simply rebooting the system, either automatically or on demand, Persystent returns the PC to its desired, clean recovery point.
Persystent’s solution captures a high speed image of a company PC’s ideal state, including only company approved settings and applications. It then creates a hidden partition on the target PCs and compresses those files, which no one can access.
The company says its solution relieves IT departments of a majority of their systems support tasks by eliminating “configuration creep” and other hidden issues that impact user and desktop productivity.
Some clients have told the company Persystent’s technology has reduced their support calls from 50 to 85 percent.
Customers have included The Department of Defense, PacCoast Builders, Sarasota Memorial Hospital, the City of Orlando, the U.S. Army and the Pentagon.
Online: www.persystent.com
Previously on TechJournal South:
Persystent Technologies says its demos “Wow” viewers
http://www.techjournalsouth.com/news/article.html?item_id=5464
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