Clovis Solutions Secures $11m Series B Funding from American River Ventures, Intel Capital, Sevin Rosen Funds, and Walden International.PETALUMA, Calif. -- Clovis Solutions, provider of system infrastructure software to the communications industry communications industry, broadly defined, the business of conveying information. Although communication by means of symbols and gestures dates to the beginning of human history, the term generally refers to mass communications. , announced today that it has secured a $11m Series B round of funding from American River
SISP Single Integrated Space Picture SISP Satellite Internet Service Provider SISP Southeastern Internet Service Providers ) product consists of an extensive set of element, system, platform, and high availability Also called "RAS" (reliability, availability, serviceability) or "fault resilient," it refers to a multiprocessing system that can quickly recover from a failure. There may be a minute or two of downtime while one system switches over to another, but processing will continue. management modules running on an information model driven core infrastructure. "With this round of funding Clovis will continue building its product acceptance momentum with the expansion of sales, marketing, and support," stated V.K. Budhraja, Clovis founder and Chief Executive Officer. "The ability to expand our reach across multiple market segments is an important step in achieving the long-term goals Long-term goals Financial goals expected to be accomplished in five years or longer. we have set for the Clovis team." "We backed the Clovis team because solution providers from around the world are recognizing the value of the SISP architecture and implementation that provides end-to-end management across their data, control, management, and service planes," said Steve Dow, General Partner, Sevin Rosen Funds. "The market demand for commercial off-the-shelf solutions like SISP is staged for sustained growth." "Intel Capital's investment in Clovis Solutions is consistent with Intel's commitment to open standards based commercial off the shelf platforms that enable the communications industry," said Ton Steenman, general manager, Modular Communications Platform Division (MCPD MCPD Microsoft Certified Professional Developer MCPD Montgomery County Police Department (Maryland) MCPD Marine Corps Police Department MCPD Marine Corps Programs Department MCPD Monochloro Propanediol ). As a result of using the innovative System Infrastructure Software Platform (SISP) product from Clovis Solutions, NEPs, TEMs, and even Service Providers could gain a competitive advantage in this fast moving and converging communications market segment. The Clovis Solutions System Infrastructure SW Platform (SISP) product can be seen integrated with IBM's Integrated Platform for Telecommunications (IPT IPT - IP Telephony ) and Hewlett Packard's Advanced Open Telecommunications Platform (AOTP AOTP Advanced Open Telecom Platform (HP) AOTP Army of the Pharoahs (band) AOTP All Over the Place (radio program) AotP Aspect of the Pack ) at SuperComm 2005 in the Service Availability Forum's booth # 71022. About Clovis Solutions, Inc Founded in 2002, Clovis is leveraging more than 500 years of collective communications systems expertise to revolutionize the development and deployment model for next generation communication systems. Clovis Solutions delivers end-to-end management software that enables solution integrators, network equipment manufactures (NEPs), and telecommunication equipment manufactures (TEMs) to deliver their value faster, with significantly less R&D dollars. Clovis Solutions is headquartered in Petaluma, California's Telecom Valley, with a substantial R&D facility in Bangalore, India. About Sevin Rosen Funds Sevin Rosen Funds is a top-tier venture capital firm with a track record of funding successful companies since 1981. The partnership has consistently made early-stage investments in pioneering technologies and companies with the potential to create new markets. The partners' broad range of venture and operating experiences in successful technology companies translates into a sustained commitment and contribution to the development of the ventures funded. Compaq, Lotus, Cypress, Electronic Arts, SGI (SGI, Sunnyvale, CA, www.sgi.com) A manufacturer of workstations and servers, founded in 1982 by Jim Clark. The company was founded as Silicon Graphics, Inc., but changed to its acronym in 1999. , Citrix and CIENA are representative of some of the firm's successful IPOs. For more information, please visit www.srfunds.com. About Intel Capital Intel Capital, Intel's strategic investment program, focuses on making equity investments and acquisitions to grow the Internet economy in support of Intel's strategic interests. Intel Capital invests in hardware, software and services companies in several market segments, including computing, networking, and wireless communications. For more information, visit www.intel.com/capital. |
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