Arkeia Software Secures Series B Equity Funding.Strengthens Management Team with Storage Veteran in Newly Created Role of Chief Operating Officer Chief Operating Officer (COO) The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. CARLSBAD, Calif. -- Arkeia Software, the leading provider of powerful, innovative data protection software, announced today that it has received a $3M Series B equity funding from SPEF SPEF Standard Parasitic Exchange Format SPEF Scottish Print Employers Federation SPEF South Pasadena Educational Foundation (South Pasadena, California) SPEF Single Program Element Funding SPEF Special Program Element Funding Ventures (Banque Populaire) and Credit Agricole private equity. Arkeia also announced the hiring of storage industry veteran Philippe Tiennot in the newly created role of chief operating officer, and the promotions of Frederic Renard to EMEA (Europe, Middle East, Africa) Refers to that region of the world. For example, one might see products packaged differently for the UK, EMEA and Asia Pacific markets. sales director and Dave Elliott to general manager, Americas and Asia Pacific. Proceeds from the new funding will be used to expand product research and to strengthen its operations, sales and marketing functions as it scales the revolutionary new EdgeFort, all-in-one, federated data protection appliance in the market. "We are delighted by the substantial support that we continue to receive from our investors and with the new strengthened management team," said Alain Pechon, 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. Arkeia Software. "This subsequent round of funding highlights the confidence that our investors have in the strategic initiatives we have established to support our current and future worldwide customer base. This investment will not only allow us to accelerate our current development, it will allow us to deliver on our innovative new EdgeFort product roadmap." Philippe Tiennot joins Arkeia as COO from Sharing Knowledge where he served as founder and CEO. Prior to Sharing Knowledge, Tiennot served as country director for Veritas France (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :SYMC SYMC Symantec Corporation (stock symbol) ) and has held senior management positions at EMC (1) (EMC Corporation, Hopkinton, MA, www.emc.com) The leading supplier of storage products for midrange computers and mainframes. Founded in 1979 by Richard J. Egan and Roger Marino, EMC has developed advanced storage and retrieval technologies for the world's largest companies. (NYSE NYSE See: New York Stock Exchange :EMC). Tiennot also served as VP Storage Business Unit for Bull and later as the general manager of Bull's 2ai subsidiary. "Arkeia Software has a strong base of customers and the EdgeFort product line will transform the company. I look forward to helping drive Arkeia through its next level of growth." Arkeia Software, recent recipient of Storage Product Guide's "Hot Companies" 2007 award, is a proven solution for enterprise and SMBs. It provides fast and reliable data protection for business critical information, supporting an extensive variety of backup devices, hardware and operating system configurations. About Arkeia Software Arkeia Software provides federated data protection software and appliances for networked storage. Delivering solutions for mid-sized enterprises and multi-site organizations, Arkeia Software protects more than 100,000 networks for 5,000 customers in 50 countries. The Arkeia EdgeFort appliance, award-winning Arkeia Network Backup software, Arkeia Smart Backup software and Arkeia Options are delivered through a global network of distributors and value-added reseller partners. |
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