Angara Database Systems Announces $2.5 Million First Round Financing.SAN JOSE San Jose, city, United States San Jose (sănəzā`, săn hōzā`), city (1990 pop. 782,248), seat of Santa Clara co., W central Calif.; founded 1777, inc. 1850. , Calif.--(BUSINESS WIRE)--November 5, 1997--ANGARA DATABASE SYSTEMS, INC inc - /ink/ increment, i.e. increase by one. Especially used by assembly programmers, as many assembly languages have an "inc" mnemonic. Antonym: dec. ., a privately held developer of ultra high-performance memory-resident relational databases, today announced that it has closed a deal for $2.5 million first round private financing. The investors are Kleiner Perkins Caufield & Byers, JMI JMI Java Metadata Interface (Sun Microsystems) JMI Japan Market Intelligence JMI James Madison Institute JMI Jim Moran Institute for Global Entrepreneurship (Florida State University) Equity Fund, and Stanford University Stanford University, at Stanford, Calif.; coeducational; chartered 1885, opened 1891 as Leland Stanford Junior Univ. (still the legal name). The original campus was designed by Frederick Law Olmsted. David Starr Jordan was its first president. . Angara Database Systems will use the money to continue development and to market its groundbreaking product to database integrators and users who need dramatic performance improvement. Angara will ship a beta product in December 1997. "We are excited to be receiving support from such an all-star lineup of investors," said Eric Ver Ploeg, Ph.D., chief executive officer of Angara Database Systems, Inc. "Kleiner Perkins is the preeminent Venture Capital firm in the world today, JMI Equity Fund is the leader in database and enterprise software investments, and Stanford University is the source of much of the technology and talent that drives Silicon Valley's hottest companies, including Angara," added Dr. Ver Ploeg. "I have been following Angara's ultra high-speed memory-resident database technology ever since it was a research project at Stanford University" said Vinod Khosla, a Kleiner Perkins Caufield & Byers partner. "By working in concert with products from the existing database vendors to provide high-speed access to the most speed critical data in their customers' implementations, we believe Angara has found an extremely effective means for deploying this revolutionary technology," Mr. Khosla added. Norris van den Berg Van den Berg is the surname of:
About Angara Privately-held, Angara Database Systems, Inc., located in San Jose, California San Jose (IPA: /ˌsænhoʊˈzeɪ/) is the third-largest city in California, and the tenth-largest in the United States. It is the county seat of Santa Clara County. , develops and supports ultra high-speed main memory database products designed to work in conjunction with standard disk-based databases. For more information call 888.952.5200 or visit Angara's website at www.angara.com . About Kleiner Perkins Caufield & Byers Formed in 1972 by Eugene Kleiner and Tom Perkins, Kleiner Perkins was created with the goal of providing value-added resources to entrepreneurs as well as capital investment. The Kleiner Perkins partnerships have sponsored some of America's most innovative and rapidly growing new ventures. These businesses have created over 115,000 jobs, over 100 publicly traded companies publicly traded company A company whose shares of common stock are held by the public and are available for purchase by investors. The shares of publicly traded firms are bought and sold on the organized exchanges or in the over-the-counter market. , and over $80 billion in market capitalization Market Capitalization A measure of a public company's size. Market capitalization is the total dollar value of all outstanding shares. It's calculated by multiplying the number of shares times the current market price. This term is often referred to as market cap. . About JMI JMI Equity Fund, L.P. was founded in 1992 by John J. Moores, the founder and former chairman and 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. of BMC Software, a mainframe database utilities company. JMI is a private equity investment partnership focused on investments in technology-oriented growth companies, particularly, in the software and information services See Information Systems. sectors. Previous investments include Transaction System Architects, Peregrine Systems, the META Group, and Prism Technology. CONTACT: Angara Database Systems, Inc. Ivor Frischknecht 408/557-6724 ivor@angara.com or Kleiner Perkins Caufield & Byers Vinod Khosla 650/233-3385 vkhosla@kpcb.com or JMI Equity Fund Norris van den Berg 702/832-0900 nvandenberg@jmi-inc.com |
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