TAMPA, FL – Perrsystent Technology Corp., a company that sells an automated PC recovery system, has raised $2.83 million in a mixed securities offering, according to a regulatory filing.
The company raised $2.86 million in December last year from three investors.
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 an 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 sells its SOLO product for users of 1-25 PCs. 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.
To contact TechJournal South Editor & Writer Allan Maurer: Allan at TechJournalSouth dot com.
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Tags: financing, FL, PC recovery tech, Persystent Technology, Tampa
