Autonomic Computing efforts heat up and gain credibility as a PR Newswire announces that Solid Information Technology Secures $14M in B Round Investment. An excerpt from the newswire:
MOUNTAIN VIEW, Calif., April 22 /PRNewswire/ -- Solid Information Technology, the leading provider of an Autonomic Data Management Platform, today announced that it has secured an additional 11.7M Euros (US$14M) in series B investment financing. The round was co-led by funds managed/advised by CapMan, a Nordic private equity investor, and Funds managed/advised by Apax Partners, one of the world's largest private equity firms. Solid's compelling and unique vision, strong product and technology, seasoned management team and demonstrated ability to execute secured the investment. The funds will be used to extend Solid's sales and marketing reach as well as positioning it to make strategic technology acquisitions.
Solid develops and markets the first carrier-grade Autonomic Data Management platform that delivers embedded data management, high availability and distributed data replication. Solid's technology powers network infrastructure devices like VoIP switches, general purpose network application servers, and media gateways, as well as telematics applications such as fleet management.
K-Collector Topics: Autonomic Computing Gateway Media platforms Productivity Security VOIP