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Core Capital Partners Lead an Additional $7 Million in Funding Round for Univa
January 25th, 2011 1 comment
Based in Lisle, Illinois, Univa is a company which is in the data center optimization industry, and has announced on January 25, 2011, that it has secured another $7 million with Core Capital Partners leading the funding round. Other investors who participated in this funding round include another new investor, Hatteras Funds. The company’s existing investors also include River Cities Capital Funds, ARCH Venture Capital, New World Ventures, and Appian Ventures.
Not only is Univa a data center optimization company, but it is also an industry leader in this growing niche in the tech industry. Univa is also a leader in data center optimizations for businesses which include the development of enhanced cloud computing and management centers. The company has produced some award-winning programs and cloud computing centers which can allow for businesses and professionals to easily share data, files, and amplify the processes and the people involved, as well as licensing.
Some of Univa’s products, which are advertised on its website include the following. The Grid Engine is a program which has become a leading program industry devoted to distributed resources management or DRM. Grid Engine is a market leading in this sector and is used by hundreds of companies worldwide to help with managing company resources and allows client companies to better develop their products and reduces the time between product development to market.
Another product that Univa has for its client companies is UniCloud, which optimizes corporate resource utilization and ensures that applications used by client companies are matched with optimal data resources.
Other programs that Univa provides to client companies include UniCluster, and Grid MP. All the programs mentioned meet unmet growing needs which include the optimization of all the operations in a typical corporate data center. These operations include workload, people and processes, and applications and licenses.
According to the managing director of Core Capital Partners, Mark Levine, the team at Core Capital Partners has invested in Univa, because they believe that the company’s products will meet unmet needs of corporate IT spending in the near future. The market for cloud computing and data center optimization is in growing demand for companies who have offices and partnerships throughout the world and many of its professionals are constantly on the go. Cloud computing and data center optimization will allow a company’s employees to access important data and resources from their laptop computers and mobile devices from anywhere in the world. Mr. Levine further added that his team at Core Capital is very excited to join Univa’s existing team of investors and looks forward to helping the company to position itself to be a market leader in data center optimization.
According to the president and CEO of Univa, Gary Tyreman, the company’s business plan has clearly had a vote of confidence with such a large number of investors investing in this company and the products it has to offer.
Core Capital Partners is a vc firm which primarily invests in high growth companies in the tech industry. Core Capital is based in Washington, DC and currently has $350 million in capital under its management. Some other companies in Core Capital’s portfolio include SourceFire, SwapDrive, Twisted Pair Solutions, Buy Safe, BridgeWay, and others.
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[…] This post was mentioned on Twitter by Cloud VC, Hubert Zajicek. Hubert Zajicek said: NTEC Venture Alliance Partner – River Cities Capital Funds portfolio company Univa closes additional $7M round http://bit.ly/fmRnTA […]