Systems/Enterprise:
SISTINA SECURES $10 MILLION; LEADS IN THE
STORAGE MARKET
Sistina Software, the premier storage
infrastructure software company
delivering data-sharing solutions for
enterprise and technical computing
customers, announced that it secured a
round of financing from top
venture capitalist firms for $10 million. Led by
Crescendo Ventures, the
series B round includes Validus Partners and series A
lead St. Paul Venture
Capital, bringing the Company's total funding to more
than $20 million.
This round of funding enables Sistina to
progressively expand the Company in
order to meet increasing customer demand
and fully capitalize on its
leadership position. In addition, the funding will
allow Sistina to enhance
its business operations, plus market new enterprise
products, such as the
first cluster file system solution for IBM®
Linux® mainframes, delivered
with its partner Mainline Information
Systems.
Sistina's data-sharing software is the central nervous system
behind multiple
powerful, Linux-based clusters and storage area networks
(SANs), including
Deutsche Telekom and NASA. The Sistina Global File
SystemTM (GFS) enables
organizations to consolidate
existing server and storage resources into a
single management domain, linking
thousands of diverse data storage
repositories into a massively scalable,
secure and robust SAN. With over 50
paying customers in 2002, Sistina GFS
sales continue to accelerate, especially
in the financial services and
manufacturing sectors.
"Sistina's enterprise-class storage software is
truly the cornerstone of the
data center, evidenced by dozens of customers
that have implemented this
solution," said Jeff Hinck, general partner,
Crescendo Ventures. "By embracing
low-cost, yet extremely powerful Linux-based
clustered servers utilizing
Sistina's data-sharing solutions, enterprises are
saving thousands of dollars
on their implementations. As the adoption of
blade-based computing solutions
continues to accelerate, Sistina's entire
product suite of storage
infrastructure software will be the critical enablers
that tie together
hundreds of blades into powerful server clusters for
simplified management and
reduced TCO."
"With recent, real customer
wins and a significant influx of cash, Sistina
should be positioned to
accelerate its push into the mainstream," said Steve
Duplessie, founder of
Enterprise Storage Group. "Market forces are moving
toward them, and they now
have enough cash to take full advantage."
According to IDC's
(Worldwide Serverware Software Forecast and Analysis
Report), which was
published in June 2002, Sistina's target markets are
exploding. The
distributed file system market is expected to triple by 2005,
reaching $225
million. In addition, IDC's "Worldwide Linux Operating
Environments Forecast
and Analysis, 2002-2006: A Market in Transition," which
was published in July
2002, states that, "Linux continues to carve out a place
for itself in the IT
industry beside market standards like Windows and Unix."
Sistina
continues to receive widespread praise for its momentum and enterprise
solutions. In September 2002, the Company was one of ten start-ups awarded
"Investor's Choice" and voted "most likely to succeed" at the Technologic
Partners Datacenter Ventures private equity conference. Linux Journal also
delivered Sistina's Logical Volume Manager (LVM) its "Editor's Choice" award
for the "Best Backup" software. Included in the Linux kernel and every major
Linux distribution, LVM provides tens of thousands of end-users worldwide with
high performance, ease of management and key features enabling crucial backup
applications.
Jeff Hinck of Crescendo Ventures has also joined
Sistina's Board of Directors,
which includes: Bruce Bergman, former president
and chief executive officer of
Brocade (Nasdaq: BRCD); Zenas Hutcheson,
managing general partner, St. Paul
Venture Capital; and Sistina President and
CEO, Frank Crusing.
About Sistina Software
Sistina, the
premier storage infrastructure software company, delivers
data-sharing
solutions for enterprise and technical computing customers. Based
on Sistina's
file system and volume management software, Sistina provides
customers with
high performance, scalable, robust storage solutions. Sistina
supports
multiple server, OS, storage and networking technologies enabling
customers to
manage low-TCO, highly integrated environments. Sistina's
technology is
ideally suited for customers deploying large database,
file-serving,
scientific and web applications.
http://www.sistina.com
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