News |
| Flexservers biggest partner SWsoft lands investment and Intel collaboration | 27-06-2005 | |||||
| SWsoft, a leader in server automation and virtualization software, announced that it has received funding from Insight Venture Partners, Bessemer Venture Partners and Intel Capital. Previously financed by its founders and cash from operations, this funding represents the first institutional investment in SWsoft and will be used to accelerate its global presence in both the enterprise and service provider markets. In combination with the funding, Intel and SWsoft announced a technology and marketing collaborative agreement. As part of Intels strategic investment in SWsoft, the companies have entered into a technology and marketing collaboration agreement relating to SWsofts Virtuozzo server virtualization solution. The technical and go to market cooperation will include current and future 32 bit and 64 bit Intel platforms and technologies such as Intel® Virtualization Technology, Dual-Core and EM64T. This collaboration will result in a rapid expansion of the market share and an even stronger development of SWsofts products, which favours Flexservers very directly? said Arno Vis, CEO of Flexservers parent company Netnation Europe. This round of investment represents an important milestone for our company in moving to the next stage? said Serguei Beloussov, Chairman and CEO, SWsoft. We have selected these investors due to their complementary strengths and strong track records in both the hosting and enterprise markets. The proceeds and relationships will be used for acquisition opportunities, broadening our partnership ecosystems, and attracting additional sales, marketing and business development talent. In addition, SWsoft announced that Mike Triplett from Insight Venture Partners and Jeremy Levine from Bessemer Venture Partners will join the companies Board of Directors. About SWsoft SWsoft powers more than 100,000 servers for service providers and enterprise customers worldwide. With its headquarters in Herndon, VA, SWsoft employs more than 500 employees in the US, Europe and Japan. For Telcos, ISPs and hosting providers, SWsoft is considered to be the market and momentum leader and provides the only complete set of server automation and virtualization products that effectively supports virtually every type of hosting service offering on every major platform. Flexservers relationship to SWsoft Flexservers is the biggest partner of SWsoft in the Benelux when it comes to SWsofts Virtuozzo, Plesk, Sitebuilder and HSPcomplete. About Insight Venture Partners Insight Venture Partners, with approximately $1.5 billion in funds under management, is the leading venture capital firm specializing in enterprise software companies. Insight invests in entrepreneurial companies developing technology-based solutions for the corporate enterprise. Headquartered in New York, Insight has taken a global approach to e-commerce investing in a market where speed, domain expertise, and the ability to execute are the foundations of success. More information on Insight is available at www.insightpartners.com. About Bessemer Venture Partners Bessemer Venture Partners carries on one of the longest-standing private venture capital operations in the country. With more than a billion dollars under management, BVP has almost a century's experience of investing in and helping to build innovative, high-growth companies. Many leading innovators, including Parametric Technology (Nasdaq: PMTC), Ciena (Nasdaq: CIEN), VeriSign (Nasdaq: VRSN), Staples (Nasdaq: SPLS), Veritas (Nasdaq: VRTS) and Gartner (NYSE: IT), selected BVP as their early-stage venture partner. BVP has offices in the nation's top technology markets - California, Massachusetts, and New York. For more information, please visit the Bessemer Venture Partners website at www.bvp.com. About Intel Capital Intel Capital, Intels strategic investment program, focuses on making equity investments and acquisitions to grow the Internet economy in support of Intels strategic interests. Intel Capital invests in hardware, software and services companies in several market segments, including computing, networking, and wireless communications. For more information, visit www.intel.com/capital. For more information go to: SWsoft news |
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| Flexservers biggest partner SWsoft lands investment and Intel collaboration | 27-06-2005 |
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