|
||
|
Venture capital firms and funds in Europe 128 Venture Capital Group 3i Venture Capital Accuitive Medical Acer Venture Capital Act Venture Capital Ltd Adelaide Venture Capital Email ADS Ventures Boston Advantages Of Venture Capital Advent Venture Capital Agio Capital Alabama Venture Capital Alaska Venture Capital All Stages Venture Capital American Venture Capital Analysis Venture Capital Analyze Venture Capital Angel Capital Appraisal Venture Capital Arch Venture Capital Argentina Venture Capital Arizona Venture Capital Arkansas Venture Capital Arrowpath Venture Capital Assess Venture Capital Assessment Venture Capital Atlas Venture Capital ATV Venture Capital Aurora Fund Australia Venture Capital Austria Venture Capital Automotive Venture Capital AZ Venture Capital VCgate More Venture Capital Terms and Topics
-
Canopy Invests $3.9 Million in Solera Networks
September 26th, 2006 No comments
Network Forensics Leader Poised for New Growth with Venture Fund Support
Canopy Ventures announced recently that it has made a $3.9 million Series B Preferred Stock investment in Solera Networks of Lindon, Utah. This is the first investment led by Canopy Ventures’ new management team, and the first investment outside of Canopy’s current portfolio in two years.
Solera Networks provides network-monitoring solutions that collect and store massive amounts of network data for mission-critical performance analysis and forensics. With storage of up to 128 terabytes, Solera’s network appliances can store several weeks’ worth of detailed information about every packet transmitted in, out or across a large, high-speed network. The company markets its products primarily to the Network Management and Network Security Markets.
“We are very pleased to have partnered with Solera Networks,” said Ron Heinz, Managing Director of Canopy Ventures. “They have produced innovative technology in an extremely attractive market, and are poised for significant growth. This infusion of capital will allow Solera to accelerate product awareness and enhance an already compelling product line.”
“I have been fortunate to enjoy a longstanding relationship with Canopy,” said Bryan Sparks, President and Chairman of Solera Networks. “When Ron and I began our discussions, we felt this was a perfect fit. We have developed a superb product and proven it with some highly sophisticated customers, and now is the time to start growing sales more rapidly. Canopy’s investment will help make that happen.”
Canopy Ventures has played a key role in the development of major technology success stories including Altiris, MyFamily.com and Helius. Last month, Canopy announced the acquisition of MaxStream, one of its portfolio companies, by Digi International in a $38.5 million transaction.
Solera Networks is currently headquartered in Lindon, Utah, and plans to expand its management and engineering teams in Utah.
Leave a reply
Latest Headlines:
Friday August 31, 2012
Zscaler Secures $38 Million Investment Round
Wednesday November 30, 2011
Health Care Solutions companies Infinity Pharmaceutics, NanoVobronix and Selventa raise funds.
Monday November 21, 2011
Panda Power opens $420 Million Fund for Solar and Natural Gas Projects
Thursday November 17, 2011
Better Place raises $200 Million for Electric Cars in the Series C of Funding
Wednesday November 16, 2011
Accel Partners raise $100 Million Big Data Fund to Invest in Hadoop, NoSQL and other Companies
Tuesday November 15, 2011
Skimlinks raises $4.5 Million to help Bloggers Increase their Gains
Monday November 14, 2011
Standing Cloud raises $3 Million to help New Cloud Providers grow Faster
Thursday November 10, 2011
Zillow acquires Diverse Solutions for $7.8 to help Real Estate Agents increase their Visibility