Ceedo Technologies Secures Funding from Intel Capital.PETACH TIKVA, Israel -- Ceedo Technologies, Ltd. (www.ceedo.com), a privately held software company that develops and markets desktop virtualization Simultaneously running multiple copies of the same operating system or different operating systems on a desktop computer. See virtual machine. software for portable storage devices, today announced that Intel Capital, the investment arm of Intel Corporation (company) Intel Corporation - A US microelectronics manufacturer. They produced the Intel 4004, Intel 8080, Intel 8086, Intel 80186, Intel 80286, Intel 80386, Intel 486 and Pentium microprocessor families as well as many other integrated circuits and personal computer networking , has agreed to invest an undisclosed sum in the company in a private financing round. Ceedo will use the capital raised to further establish its position as a leader in personal working environment software for consumer portable storage devices and accelerate its growth into the corporate and business market segments. Ceedo has created virtualization technology See VT. See also virtualization. that enables running Windows applications from external physical or network drives without requiring installation on the host PC. Ceedo's virtualization An umbrella term for enhancing a computer's ability to do work. Following are the ways virtualization is used. Hardware Virtualization Partitioning the computer's memory into separate and isolated "virtual machines" simulates multiple machines within one physical computer. platform can be used by solution providers or equipment vendors to deliver consumer, enterprise, professional and business solutions, such as portable working environments on portable drives and self contained appliances on portable personal devices. Ceedo Personal[TM], the company's flagship product A primary product of a company, which is typically why the company was founded and/or what made it well known. For example, MS-DOS, Windows and the Microsoft Office suite have been flagship products of Microsoft. CorelDRAW is a flagship product of Corel Corporation. based on its virtualization technology, enables the next step in personalized computing by creating a fully portable working environment, including personal content and applications. Ceedo Personal[TM] enables users to carry, access and utilize their digital lifestyles on any PC and has been licensed to major USB Flash Drive See USB drive. and Hard Disk Drive vendors including Lexar, Maxell, Verbatim and Pleomax (Samsung). "We share Ceedo's vision of turning portable storage from a medium for carrying files to a medium for mobilizing the user's digital lifestyle," said Joel Fisch, investment manager at Intel Capital-Israel. "The demand for stand-alone storage devices and for consumer electronic devices with embedded storage, such as cell phones and personal media players, creates a need for smart storage solutions that enable portability and mobility." "This funding from Intel Capital will dramatically advance our vision of creating a de-facto standard and high-value solutions for portable working environments in the consumer, corporate and business market segments," says Dror Sofer sofer or sopher In Judaism, a scholar-teacher of the 5th–2nd centuries BC who transcribed, edited, and interpreted the Bible. The first sofer was Ezra, who, with his disciples, initiated a tradition of rabbinical scholarship that is still central in , 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 Ceedo. "Ceedo's offering in these market segments allows users to enjoy a truly portable lifestyle where their digital identity, including media files, settings, preferences and applications, is carried with them in an easy-to-use, yet highly private way." |
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