Atempo Secures $22 Million in Expansion Capital.Investment by Intel Capital, Steelpoint Capital Partners, and Ridgewood Ridgewood, residential village (1990 pop. 24,152), Bergen co., NE N.J.; inc. 1876. Ridgewood was the site of many American and British camps in the Revolutionary War. Capital Supports Growth Potential and Value of Atempo Data Protection and Archiving Solutions PALO ALTO Palo Alto, city, California Palo Alto (păl`ō ăl`tō), city (1990 pop. 55,900), Santa Clara co., W Calif.; inc. 1894. Although primarily residential, Palo Alto has aerospace, electronics, and advanced research industries. , Calif. -- Atempo, Inc., a leading provider of cross-platform data protection and archiving solutions, today announced that it has raised $22 million in Series B funding to drive the company's continued global expansion. New investors Intel Capital, who led the round, Steelpoint Capital Partners, and Ridgewood Capital all participated in the funding. Atempo will use the investment capital to accelerate development of its cross-platform product suite and leverage its award-winning storage management solutions to address the backup, archiving and data storage management needs of companies that depend on the Windows, Mac, Linux, UNIX UNIX Operating system for digital computers, developed by Ken Thompson of Bell Laboratories in 1969. It was initially designed for a single user (the name was a pun on the earlier operating system Multics). , and iSeries operating systems Operating systems can be categorized by technology, ownership, licensing, working state, usage, and by many other characteristics. In practice, many of these groupings may overlap. . Atempo's storage management solutions, which include archiving, backup, continuous data protection and rapid restoration products, have a proven record of delivering superior performance in some of the world's largest, most data-intensive environments. The funding will allow Atempo to build on its success with 3,000 enterprise and mid-market customers by providing tightly integrated data protection and archiving solutions to targeted strategic markets. These opportunities include government agencies, universities, research facilities, digital media and post-production companies. "With the surging demand for preserving high-value digital assets, there are tremendous growth opportunities for Atempo, particularly among mid-market companies with data-intensive storage and backup requirements that exceed the capabilities of traditional mid-market software," said Neal Ater, Atempo 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. . "Our software provides the right combination of ease-of-use and performance that has been proven in deployments with some of the world's largest enterprises. This funding will help fuel product and service innovation and drive our growth in North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. , Europe and Asia." "High-performance storage management, backup and recovery are now global enterprise imperatives, driven by the need to preserve and manage valuable digital assets and ensure regulatory compliance," said Ashish Patel Ashish Patel (born July 31, 1975 in Quebec) is a Canadian cricketer. A medium-pacer, he took his place in the team given the absence of several players for the 2001/02 Americas Cup, followed by a strong performance in the ICC 6 Nations Challenge in Namibia. , managing director, Intel Capital. "Atempo is well-positioned to extend its technology solutions in this market segment while expanding worldwide." GrowthPoint Technology Partners served as financial advisor to Atempo for the transaction; Fenwick & West served as outside counsel. Additional information about Atempo's data protection and archiving software, including Time Navigator See Netscape Navigator, Netscape and Norton Navigator. Navigator - Netscape Navigator , LiveBackup, and Atempo Archive Server, is available at www.atempo.com. About Atempo Atempo allows companies and organizations around the world to preserve vital intellectual property and digital information, and to access that information at any time with extraordinary reliability. Digital assets are now the life blood of any business and reliable data protection and archiving solutions must be implemented in order to preserve these assets. From large, centralized cen·tral·ize v. cen·tral·ized, cen·tral·iz·ing, cen·tral·iz·es v.tr. 1. To draw into or toward a center; consolidate. 2. data centers and distributed enterprises to small remote offices, Atempo provides highly-scalable backup and recovery, archiving and security solutions for Windows, Mac, Linux, UNIX, iSeries and all major databases and applications. For real-time data Real-time data denotes information that is delivered immediately after collection. There is no delay in the timeliness of the information provided. Some uses of this term confuse it with the term dynamic data. protection of laptops and desktops, Atempo's award-winning continuous data protection technology captures changes as they occur, allowing information to be recovered up to the moment of data loss or hardware failure. Atempo has more than 3,000 customers worldwide, with a sales and support network of global resellers. The company is headquartered in Palo Alto, Calif., and has operations in Europe and Asia. Learn more about Atempo at: www.atempo.com. About Intel Capital Intel Capital, Intel's global investment organization, makes equity investments in innovative technology start-ups and companies worldwide. Intel Capital invests in a broad range of companies offering hardware, software and services targeting enterprise, home, mobility, health, consumer Internet Internet Publicly accessible computer network connecting many smaller networks from around the world. It grew out of a U.S. Defense Department program called ARPANET (Advanced Research Projects Agency Network), established in 1969 with connections between computers at the and semiconductor manufacturing. Since 1991, Intel Capital has invested more than US$6 billion in approximately 1,000 companies in more than 40 countries. In that timeframe, about 157 portfolio companies have gone public on various exchanges around the world and another 187 have been acquired by other companies. In 2006, Intel Capital invested about US$1.07 billion in 163 deals with approximately 60 percent of funds (excluding Clearwire) invested outside the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. . For more information on Intel Capital and its differentiated advantages, visit www.intelcapital.com. About Steelpoint Capital Partners Steelpoint Capital Partners is a growth oriented o·ri·ent n. 1. Orient The countries of Asia, especially of eastern Asia. 2. a. The luster characteristic of a pearl of high quality. b. A pearl having exceptional luster. 3. private equity firm. With offices on both coasts, the firm invests in expansion stage companies in the information technology, media and marketing services, healthcare and consumer markets. Steelpoint was established in 2003 as a spinout spin·out n. An instance of spinning out: a motorist who was injured in a spinout. of the private equity group of Moore Moore, city (1990 pop. 40,761), Cleveland co., central Okla., a suburb of Oklahoma City; inc. 1887. Its manufactures include lightning- and surge-protection equipment, packaging for foods, and auto parts. Capital Management. The firm has a flexible investment mandate and invests in companies with outstanding management teams and established products and services. The firm's portfolio includes over 25 companies primarily throughout the United States. Steelpoint's team draws on extensive operating and investment experience to provide value-added support to portfolio companies and their management. Additional information is available at www.steelpointcp.com. About Ridgewood Capital Ridgewood Capital is an expansion stage venture capital firm with offices in Palo Alto, CA and Ridgewood, NJ. The firm is part of the Ridgewood Family of companies with over $2 billion of capital under management. Ridgewood Capital invests in high growth information technology and energy technology companies. Ridgewood Capital has completed four successful IPOs in the last four years including Volterra, Ikanos, Orbcomm and Comverge. For more information, see www.rwcap.com. Atempo, the Atempo logo, Time Navigator, LiveBackup and Atempo Archive Server are trademarks or registered trademarks of Atempo, Inc. |
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