ClearCube Secures an Additional $5 Million in Funding; Wall Street Technology Partners Joins Series D Funding as ClearCube Continues International Expansion.Business Editors/High-Tech Writers AUSTIN, Texas--(BUSINESS WIRE)--May 21, 2003 ClearCube Technology, the market leader in PC blade See blade PC. desktop computing, today announced an additional $5 million in Series D funding from Wall Street Technology Partners, a fund managed within the Dresdner Bank Dresdner Bank AG is one of Germany's largest banking corporations and is based in Frankfurt. History 19th century Dresdner Bank was established on 12 November 1872 through the conversion of financial institution Michael Kaskel. Group, one of Europe's leading banks. With this investment, Wall Street Technology Partners will take a seat on ClearCube's Board of Directors and the additional funds will be used to expand ClearCube's international sales and marketing operations. "Our investment in ClearCube is consistent with our investment strategy where we look to invest in mature companies with an established customer base and forward-looking technology roadmap The context of product management The existence of product managers in the product software industry indicates that software is becoming more and more commercialized as a standard product. ," said Gaurav Burman, partner at Wall Street Technology Partners. "ClearCube is the clear leader in the emerging PC blade computing category and has strong customer momentum." "Global firms like Morgan Stanley  To comply with Wikipedia's , the introduction of this article needs a complete rewrite. and British Petroleum are looking for Looking forIn the context of general equities, this describing a buy interest in which a dealer is asked to offer stock, often involving a capital commitment. Antithesis of in touch with. dramatic improvements in the security and management of their PC infrastructure and ClearCube is the only solution that delivers," said Mike Frost, 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 ClearCube Technology. "As ClearCube continues to grow its international markets, we will look to the leadership and experience of Wall Street Technology Partners to assist us in this growth." The ClearCube solution is simple: take the computer off the user's desk, shrink it to a PC blade, centralize the blades in a secure location, and use software tools to remotely manage and switch between computers and users. ClearCube's management software enables a "touchless IT" environment where IT managers can remotely manage and control global desktop deployments. By deploying ClearCube, customers realize 99.9% uptime, stronger data and physical security, and at least a 30% reduction in support costs. About ClearCube Technology ClearCube Technology is the market leader in PC blade computing solutions. ClearCube enables customers to reduce their support costs while dramatically improving availability and security throughout their end-user computing End User Computing (EUC) is a group of approaches to computing that aim at better integrating end users into the computing environment or that attempt to realize the potential for high-end computing to perform in a trustworthy manner in problem solving of the highest order. infrastructure. For more information, visit www.clearcube.com. About Wall Street Technology Partners Wall Street Technology Partners LP (WSTP WSTP Wastewater Sewage Treatment Plant WSTP Who Spiked The Punch (band) ) is a New York-based technology fund with in excess of $100 million of capital under management. Founded in 2000, the fund invests in mid-to-late stage US-based technology and media companies across a wide industry spectrum, including software applications, servers and storage, semiconductors, wireless, telecom systems and enterprise and carrier networks. WSTP is part of Dresdner Kleinwort Dresdner Kleinwort (DKIB) is the investment bank of Dresdner Bank AG, part of Allianz since July 2001. Headquartered in London and Frankfurt and with an international network including offices in the financial centres of New York and Tokyo, Dresdner Kleinwort provides a wide range Capital and has been a member of the Allianz Group since July 2001 (when Dresdner Bank AG was acquired by Allianz AG). Allianz Group is one of the world's leading financial institutions with over 700 group companies active in virtually all areas of the financial services industry. Allianz has assets in the region of $1 trillion under management and is represented in more than 70 countries. |
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