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  • Desktone Secures $17 Million in Series A Venture Capital Funding

    July 31st, 2007 No comments

    Desktone, Inc., provider of the industry’s first unified virtual desktop platform, announced that it has closed $17 million in venture funding. The Series A round was co-led by Highland Capital Partners and SoftBank Capital, and also included Citrix Systems, Inc., and China-based Tangee International. Desktone, founded in 2006, intends to use the capital to fund global sales, marketing and development for its desktop virtualization platform.

    As the cost and complexity of managing large-scale PC and server environments becomes overwhelming, the trend toward virtualization is growing exponentially, said Ron Fisher, managing partner, SoftBank Capital. Enterprises have a tremendous need to accelerate desktop virtualization adoption in a way that is cost-effective and simple, and that doesn’t drain IT resources. Desktone’s approach to this market and their progress after just one year in business are impressive. We are excited to help them address this enormous market opportunity.

    Desktone boasts an accomplished executive team who understands the challenges enterprises face in managing desktops and transforming to virtualized environments, said Peter Bell, partner, Highland Capital Partners. The team has proven track records in pioneering ground-breaking technologies, building thriving businesses, and creating valuable services and product offerings. With its powerful combination of visionary management and innovative, in-demand solutions, we are confident Desktone will achieve success.

    Delivering desktops as a service represents a promising new growth opportunity with significant upside potential. As the leader in application delivery infrastructure, Citrix is intimately familiar with this market and is pleased to join with Desktone as a strong technology and business partner, said Michael Cristinziano, corporate vice president, Strategic Development, Citrix Systems, Inc.  We are honored to be working with such distinguished, well-respected investors who are committed to helping us grow into a global desktop virtualization leader. Their investments validate the strength of our vision, the promise of our success and the uniqueness of our solution, explained Harry Ruda, CEO of Desktone.

    Desktone vDesktop is a turnkey solution that provides enterprises an easy on-ramp to virtual desktop computing. It uniquely integrates all virtualization layers including storage, applications, client devices, servers, processing and network technologies and enables them to be controlled by a single management console. Desktone vDesktop delivers secure, high-performance computing to end-users while optimizing data center asset utilization and reducing operating costs and capital expenses.

    For more information, please visit www.desktone.com

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