Credit Suisse Funds Scalent Systems Expansion.Next-Generation Data Center 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. Software Company Receives Investment from Leading Investment Bank PALO ALTO Palo Alto, city, California Palo Alto (păl`ō ăl`tō), city (1990 pop. 55,900), Santa Clara co., W Calif.; inc. 1894. Although primarily residential, Palo Alto has aerospace, electronics, and advanced research industries. , Calif. -- Scalent Systems, whose Virtual Operating Environment In computing, an operating environment is the environment in which users run programs, whether in a command line interface, such as in MS-DOS or the Unix shell, or in a graphical user interface, such as in the Macintosh operating system. (V/OE) software is leading the next generation of data center virtualization, today announced its C round of equity funding Equity funding An investment consisting of a life insurance policy and a mutual fund. The insurance policy is paid by the collateral value of fund shares, giving the investor the advantages of insurance protection with the growth potential of a mutual fund. . This round was led by new investor Credit Suisse The Credit Suisse Group (SWX:CSGN, NYSE: CS) is a financial services company, headquartered in Zürich, Switzerland. It is the second-largest Swiss bank, behind UBS AG. and includes participation by all existing investors, Hummer Winblad, JK&B Capital, and Pequot Capital. The funding round will provide $15 million in venture capital, which will be used for continued expansion of sales operations. "The backing of Credit Suisse serves not only as a solid foundation for our continuing expansion, but as a significant validation of our technology," said Ben Linder Benjamin Ernest Linder (July 7, 1959–April 28, 1987), born in California, was a young American engineer who was working on a small hydroelectric dam in rural northern Nicaragua when he was killed by anti-government Contra rebels. Coming at a time when U.S. , 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. , Scalent Systems. "Some of the world's largest institutions are now running Scalent V/OE to support their mission-critical systems, and we're proud to be bringing greater reliability and agility to their data centers." "Having validated Scalent V/OE, we were convinced of its value and durability in demanding enterprise environments," said Wayne Nemeth of Alternative Investments at Credit Suisse. "We firmly believe that Scalent's products will help enterprises increase their data center reliability, responsiveness, flexibility, and asset utilization - and are pleased to have had the opportunity to invest in the company." Scalent Systems is the first company to virtualize To cause a virtual technique to be performed. See virtualization. the entire environment of existing virtual and physical servers, networking, and storage resources, unifying data center infrastructure. Scalent's Virtual Operating Environment (V/OE) software enables companies to streamline their disaster recovery processes, business system management, and the automation of large server populations in both production and dev/test labs. Companies using Scalent's "rack once, cable once, reconfigure repeatedly" functionality have realized dramatic increases in enterprise data center flexibility and asset utilization, thereby contributing to their business bottom line. About Scalent Systems Scalent Systems is the leading provider of server infrastructure repurposing software to large enterprise data centers. Scalent Systems' Virtual Operating Environment (V/OE) software lets large enterprises radically increase data center flexibility and asset utilization. Using Scalent software, companies have been able to implement cost-effective disaster recovery, IT consolidation, and dev/test operational solutions, while realizing the benefits of reduced infrastructure overhead, simplified manageability, and increased system performance. Many of the Fortune 1000 companies rely on Scalent to support their success, having adopted the software as an integral part of their business plans. |
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