CiRBA Announces Round of Institutional Funding; EdgeStone Capital Partners Investment Will Accelerate Growth.TORONTO -- CiRBA Inc., a leader in Change and Configuration Intelligence, today announced the closing of a $5 million investment from EdgeStone Capital Venture Fund II. In connection with the financing, Bryan Kerdman and Derek Smyth, both partners of EdgeStone Capital Partners, will join the board. "EdgeStone is very excited about this opportunity as it fits our focus of investing in early-stage technology companies with superior management teams, large addressable Reachable. When something is addressable, it can be identified and manipulated independently of its surroundings. For example, screen pixels and RAM memory are addressable. Each of the screen's picture elements can be individually turned on and off, and each of the memory's bytes can be market opportunities and disruptive technologies A new technology that has a serious impact on the status quo and changes the way people have been dealing with something, perhaps for decades. Music CDs all but wiped out the phonograph industry within a few years, and digital cameras are destined to eliminate the film industry. ," said Smyth. Samuel Duboc, Founder, President and Managing Partner of EdgeStone said: "We look forward to partnering with Gerry Smith and the entire CiRBA team to build a world-class software company." "Our previous round of funding filled out the management team and added experienced board members. This round brings us the sophistication so·phis·ti·cate v. so·phis·ti·cat·ed, so·phis·ti·cat·ing, so·phis·ti·cates v.tr. 1. To cause to become less natural, especially to make less naive and more worldly. 2. of a leading institutional investor Institutional Investor A non-bank person or organization that trades securities in large enough share quantities or dollar amounts that they qualify for preferential treatment and lower commissions. ," said Gerry Smith, President 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 CiRBA. "We're thrilled to have EdgeStone's financial backing but also to be gaining access to their operational expertise. They will be great partners in our growth." CiRBA Change and Configuration Intelligence (CCI CCI Chambre de Commerce et d'Industrie (France) CCI CAM (Complementary and Alternative Medicine) Citation Index CCI Chamber of Commerce and Industry (Western Australia) ) is a non-intrusive, fast to deploy software solution that provides deep visibility into the changes and differences within heterogeneous IT environments. Specifically, CiRBA enables IT organizations to: --Identify millions of technology changes across hardware, software, databases, middleware, applications and devices --Through an intelligent context engine interpret those changes to identify associated problems, risks and opportunities CiRBA's deep repository of configuration data coupled with constantly updated information on how those configurations change or differ, enable analytics that serve a broad spectrum of IT stakeholders Stakeholders All parties that have an interest, financial or otherwise, in a firm-stockholders, creditors, bondholders, employees, customers, management, the community, and the government. . About CiRBA Inc. CiRBA Inc. is the only supplier of solutions that provide deep visibility into changes and differences within heterogeneous IT environments and identify the associated problems, risks and opportunities. CiRBA Change and Configuration Intelligence (CCI) provides IT organizations with the information required to better detect and manage change, comply with regulatory guidelines and optimize assets. About EdgeStone Capital Partners EdgeStone Capital Partners is a private equity firm managing over $1.0 billion of private capital on behalf of institutional and high net worth clients. EdgeStone provides capital, strategic direction and business and financial advice to assist promising mid-market diversified companies diversified company A company engaged in varied business operations not directly related to one another. A diversified company is less likely to suffer either a collapse or a spectacular gain in earnings compared with a firm concentrating its operations in a and early-stage technology companies achieve their full potential. EdgeStone has 40 employees with offices in Toronto and Montreal, Canada. |
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