$11.9 Million in New Capital Fuels VBrick's Market Expansion.Menlo Ventures, Morgan Stanley  To comply with Wikipedia's , the introduction of this article needs a complete rewrite. , RedShift redshiftDisplacement of the spectrum of an astronomical object toward longer wavelengths (visible light shifts toward the red end of the spectrum). In 1929 Edwin Hubble reported that distant galaxies had redshifts proportionate to their distances (see Ventures and Adams Capital Invest for Domestic and International Growth WALLINGFORD, Conn. -- VBrick Systems, Inc., the world leader in enterprise video systems, today announced it has closed a round of funding in the amount of $11.9 million. As testament to VBrick's continually con·tin·u·al adj. 1. Recurring regularly or frequently: the continual need to pay the mortgage. 2. growing business, the new capital will be used to fuel domestic and international growth. Menlo Ventures, Morgan Stanley, RedShift Ventures and Adams Capital were key investors in the round which closed in September 2008. VBrick offers the most comprehensive suite of enterprise video systems in the industry. Since its founding, VBrick has continuously set the standards for quality, performance, and innovation in the delivery of live and stored video over any network - LANs, WANs, and the Internet. With over 45,000 video products installed across thousands of IP networks world-wide, VBrick is the recognized leader in cost effective, high-performance, user-friendly networked video solutions. "VBrick's continued enhancements on its product lines, and their rapid expansion into over 5,000 customers including many of America's leading companies, made it a very appealing investment," said H. Dubose Montgomery, managing director at Menlo Ventures. "Over a six month time period, January to June 2008, VBrick witnessed an almost 50% increase in sales when compared to the same period in 2007." VBrick has also forged alliances with IBM (International Business Machines Corporation, Armonk, NY, www.ibm.com) The world's largest computer company. IBM's product lines include the S/390 mainframes (zSeries), AS/400 midrange business systems (iSeries), RS/6000 workstations and servers (pSeries), Intel-based servers (xSeries) , Microsoft, Polycom and Hewlett Packard to further enhance the seamless use of VBrick products while expanding their already substantial channel of value-add partners. "Despite the current economic turmoil, VBrick has a compelling value proposition that propels growth as well as a sound balance sheet," said Vince Graziani, VBrick CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. . "The investment of high profile firms such as Menlo, Morgan Stanley, RedShift and Adams Capital, is a great endorsement of our business plan and technology. Unlike bleeding-edge or niche applications, VBrick leads the way to unify 1. (database, product) Unify - A relational database produced by Unify Corporation. 2. (algorithm) unify - To perform unification. , extend and distribute complete end-to-end video solutions throughout the enterprise." To learn more about the products offered by VBrick Systems Inc., please visit www.vbrick.com. About VBrick Systems, Inc. VBrick Systems is the world leader of live, online networked video solutions. Offering the most comprehensive suite of enterprise video products in the industry, VBrick provides business and organizations with robust and proven online video systems that connect people everywhere. Headquartered in Wallingford, CT, VBrick's products and services are available through industry leading value-added resellers A value-added reseller (VAR) is a company that adds some feature(s) to an existing product(s), then resells it (usually to end-users) as an integrated product or complete "turn-key" solution. , systems integrators An individual or organization that builds systems from a variety of diverse components. With increasing complexity of technology, more customers want complete solutions to information problems, requiring hardware, software and networking expertise in a multivendor environment. and distributors. VBrick Live: See What's Next in Online Video. For more information, visit us at www.vbrick.com |
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