Availant Receives $5.5 Million in First Round Funding; Investors include Boston Capital Ventures, DRW Venture Partners LP.Business/Technology Editors CAMBRIDGE, Mass.--(BUSINESS WIRE)--June 19, 2000 Availant, the leading provider of active management software that keeps business-critical computer systems available 24 hours a day, 365 days a year, today announced that it has secured $5.5 million in equity financing Equity Financing The act of raising money for company activities by selling common or preferred stock to individual or institutional investors. In return for the money paid, shareholders receive ownership interests in the corporation. from Boston Capital Ventures, DRW DRW Drawing(s) DRW Dual Rear Wheels (pickup truck) DRW Detroit Red Wings DRW Darwin, Northern Territory, Australia (Airport Code) DRW Dr Who Venture Partners LP, and Availant's board of directors. Availant will use its first round of financing to bring to market a new availability management software product later this year, helping IT administrators reduce costly downtime, increase resource efficiencies, and lower total cost of system ownership. About Availant Availant is the world leader in providing software and services that help maintain the availability of business-critical applications and systems. Founded in 1989, the company's customers include more than half of Fortune 500 companies worldwide in the finance, telecommunications, retail, health care and transportation industries, where high-availability and continuous access to enterprise information is essential to business operations Business operations are those activities involved in the running of a business for the purpose of producing value for the stakeholders. Compare business processes. The outcome of business operations is the harvesting of value from assets . The company's products and services are available directly from Availant and through business partners and Value Added Resellers (VARs) in 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. , Europe and the Pacific Rim Pacific Rim, term used to describe the nations bordering the Pacific Ocean and the island countries situated in it. In the post–World War II era, the Pacific Rim has become an increasingly important and interconnected economic region. . Availant is headquartered in Cambridge, Massachusetts This article is about the city of Cambridge in Massachusetts. For the English university town, see Cambridge, England. For other places, see Cambridge (disambiguation). Cambridge, Massachusetts is a city in the Greater Boston area of Massachusetts, United States. with an office located in Austin, Texas. For more information, call Availant at (617) 621-2542 or visit the company's Web site at http://www.availant.com/. |
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