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DAILY NEWS AND INFORMATION FOR THE GLOBAL GRID COMMUNITY /
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Breaking News - General:
Advantage Capital Partners Invests In GridApp Systems
Advantage Capital Partners, a private equity firm supporting evolving
opportunities in the IT sector, has made a significant investment in the New
York-based technology company GridApp Systems, a provider of database
virtualization and consolidation solutions. GridApp has been in business for
nearly two years offering innovative solutions to enterprises that want to
improve the manageability and reduce the costs of their database
infrastructures.
"Unlike many technology companies in the marketplace, GridApp Systems is
approaching system virtualization from a real-world perspective," stated Scott
Murphy, senior vice president at Advantage. "Advantage Capital prefers to
support companies such as GridApp that have a compelling value proposition and
successful results with customers."
GridApp Systems' database virtualization software and database appliance are
plug-and-play, enabling IT organizations to easily consolidate heterogeneous,
standards-based databases such as Oracle, IBM DB2 and MySQL into a
self-optimizing, fault tolerant Grid of capacity. The end result is a database
infrastructure that is high performing, reliable, scalable and 75 percent less
expensive than comparable solutions in the marketplace.
"We are extremely excited to be partnering with Advantage Capital," stated
GridApp Systems CEO Robert Gardos. "GridApp has made great strides in creating
a powerful platform for managing database infrastructures globally.
Advantage's expertise and capital will help us accelerate the adoption of our
product suite in the marketplace."
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