FastScale Technology Secures Series B Funding

ATA Ventures Leads Second Round of Funding for Innovator of Software Solutions for Next Generation Data Centers

SANTA CLARA, Calif. FastScale® Technology, Inc., provider of award-winning software platforms for next generation data centers, today announced that it has secured $5.5 million in a Series B funding round led by ATA Ventures and joined by prior investors Leapfrog Ventures, Hunt Ventures as well as a new strategic corporate investor. The company’s last round of financing occurred in late 2006, shortly before the launch of their flagship product, FastScale Composer™ Suite.

“As more data centers turn to virtualization and cloud computing to make the most of their current infrastructure and reduce operating costs, managing large-scale server environments has become more complex than ever. Robust management tools and automation are the only way to tackle this complexity,” said Lynn LeBlanc, CEO of FastScale. “We have completed an up-round in a down economy, further validating the outstanding value of our technology. With support from our customers and investors, FastScale will continue to innovate and expand our next generation software platform to simplify and revolutionize the management of the data center.”

FastScale’s technology enables data centers to respond to constantly changing business requirements, server workloads, and server hardware with a server software platform that dramatically increases agility while significantly reducing day-to-day operating complexity and cost – whether the data center is virtualized, not virtualized or a hybrid of the two. The ground-breaking technology is the only solution on the market to fully automate the process of building, managing and deploying heterogeneous server software environments with compact software environments built on-demand, automatic patch and configuration management, lightweight provisioning in only seconds, and an enterprise-class repository for lifecycle management. FastScale software environments average 95% smaller than traditional images, dramatically decrease memory requirements, and increase virtual server density by 300% or more. With FastScale’s solution, the entire server infrastructure, both physical and virtual, is a dynamic pool of resources able to adapt to constantly changing demands.

“FastScale’s approach to the growing issue of software complexity is breakthrough technology for data centers,” said Hatch Graham, managing director at ATA Ventures. “The technology provides an elegant way for enterprises to manage the complexity while increasing server consolidation and decreasing cost. We’ve seen what FastScale has done for customers, and it’s impressive. We look forward to working with the FastScale team to help drive the next stage of company growth.”

About FastScale Technology

FastScale Technology delivers an integrated family of software platforms and solutions for next generation data centers. Through its patent-pending technologies, FastScale enables complex IT organizations to build, manage and deploy dynamic software environments with unparalleled simplicity, flexibility and security while achieving dramatic lifecycle cost savings and server utilization improvement. Headquartered in Santa Clara, California, FastScale is a privately held company backed by leading venture capital firms including ATA Ventures, Leapfrog Ventures and Hunt Ventures. For more information, visit www.fastscale.com.

Source: FastScale Technology, Inc.