Hub Angels and RRE Ventures Lead $1.9 Million in Series A Funding for Copiun

Based in Marlborough, Massachusetts, Copiun, which is a company that provides corporate endpoint management solutions for large companies, announced on September 1, 2010, that it has just secured 1.9 million in series A funding led by Hub Angels and RRE Ventures. Other investors who participated in this funding round include the company’s existing investors, Launchpad Venture Group, Beacon Angels, and Launch Capital.

Copiun has become very attractive to both venture capitalists and angel investors alike with its amazing growth. With its latest version of its corporate endpoint solution, Copiun Data Manager 2.0 shipping to buyers, the company is poised to grow bigger in the near future. As par to the agreement with this new funding round, Rob Soni, who is both an investor and a partner at Matrix Partners will join the company’s board of directors. Mr. Soni, however, is not the only one who is to join Copiun’s board of directors. Tad Witkozitz, who is a serial entrepreneur and one of the angel investors with Hub Angels will also join the company’s board of directors.

With the drastic way that communications and information technology is changing, corporations are looking for easy solutions to have their corporate data be delivered to their executives, be it to their desktops, laptops, or smartphones. This has been an unmet need that has been troubling the corporate community and Copiun has developed a seamless system that can meet this unmet need. Copiun has already released version 2.0 of its endpoint data management solution, Copiun Data Manager. The solutions that Copiun provides to corporate entities allows them to reclaim control of their data at the endpoints of their executives and employees IT devices, be it a desktop or laptop computer, or a mobile IT device, such as an iPhone or other smartphone. The solutions work by allowing corporations to manage, recover, or access data from remote devices.

According to Mr. Soni, with laptop computers and other mobile devices being used more frequently in this day and age, it has become an increasing challenge for IT providers to be able to cost effectively manage corporate data at the endpoint and prevent duplication of sensitive corporate data from a dishonest user. Copiun’s solutions can do this in a simple cost-effective manner by allowing corporations to access and manage their data all the way to the endpoint.

The General Partner of RRE Ventures, Will Porteous further added that data backup is still a weak link in the IT network for most corporations and the solutions that Copiun provides can strengthen that link, preventing costly losses if there is a system failure. Furthermore, corporate data tends to accumulate on endpoint devices at a rapid rate and the way to control this data can be very difficult. The solutions that Copiun is able to provide can deploy on endpoint devices to prevent the unauthorized duplication of this data, providing more security for the corporations who use Copiun’s solutions.

Founded in March of 2002, Hub Angels is a syndicate of angel investors who are all serial entrepreneurs who have the desire to help successful early stage companies grow into large world class companies. Angel investors are different from the more formal venture capitalist or other institutional investor, because most angels invest out of their own pocket. Sometimes, angel investors will get together and form syndicates and partner in investments together, like the partners at Hub Angels do. The primary geographic preference of Hub Angels is New England and they primarily invest in early stage companies in the tech industry. Some of the companies in Hub’s portfolio include ZipCar, FlexPlay, Red Tail, I-Team, and others.

Based in New York City, RRE Ventures is one of America’s leading VC firms in the tech industry. RRE Ventures invests in a large range of different sectors within the tech industry, which range from consumer digital media, clean-tech, and software sectors. RRE also have investments in companies who are in the financial and infrastructure sectors as well. Some other companies in RRE’s portfolio include AdaptiveBlue, Drop.io, Peek, Pontiflex, On Deck Capital, Prime Revenue, Smart Pay, and others.