DATAllegro Receives Funding from Intel Capital; Intel Adds to Series B Funding Round for Data Warehouse Appliance Vendor.ALISO VIEJO, Calif. -- DATAllegro, supplier of the premier price/performance data warehouse appliance Data Warehouse Appliance A data warehouse (DW) appliance is an integrated set of servers, storage, OS, DBMS and software specifically pre-installed and pre-optimized for data warehousing. , today announced that Intel Capital has made an equity investment in DATAllegro as part of the Series B funding announced by DATAllegro last month (see press release from 5/2/05). The Series B round, which is now closed, was led by Adams Capital Management (ACM (Association for Computing Machinery, New York, www.acm.org) A membership organization founded in 1947 dedicated to advancing the arts and sciences of information processing. In addition to awards and publications, ACM also maintains special interest groups (SIGs) in the computer field. ), and included pro-rata contributions from Series A investors Palomar Ventures and Venrock Associates. The funding will be used for further product development and marketing. DATAllegro offers a data warehouse appliance that enables companies with large amounts of data to store and query their data in order to make better business decisions. Along with the funding, DATAllegro and Intel have also signed a collaboration agreement. "Closing this round of funding is a milestone for the company," said Stuart Frost, 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 DATAllegro. "With our strong balance sheet, management team and technology, we are confident that we will be able to meet our long-term goals Long-term goals Financial goals expected to be accomplished in five years or longer. ." ABOUT INTEL CAPITAL Intel Capital, Intel's strategic investment program, focuses on making equity investments and acquisitions to grow the Internet economy The Internet Economy refers to conducting business through markets whose infrastructure is based on the Internet and World-Wide Web. An Internet economy differs from a traditional economy in a number of ways, including: communication, market segmentation, distribution costs, and price. in support of Intel's strategic interests. Intel Capital invests in hardware, software and services companies in several market segments, including computing computing - computer , networking, and wireless communications wireless communications System using radio-frequency, infrared, microwave, or other types of electromagnetic or acoustic waves in place of wires, cables, or fibre optics to transmit signals or data. . For more information, visit www.intel.com/capital. ABOUT DATALLEGRO(TM) DATAllegro offers a data warehouse appliance that provides dramatic performance improvement to large volume data warehouses, without necessarily replacing the existing infrastructure. Using DATAllegro's patent-pending technology, companies can run faster and more complex queries on their data in order to increase their business intelligence. Based in Aliso Viejo, DATAllegro delivers a fast, flexible and affordable solution that allows a company's data to grow at the pace of its business. For more information on DATAllegro go to www.DATAllegro.com. DATAllegro is a trademark of DATAllegro Inc. All other trademarks, trade names, service marks, and logos are the property of their respective owners. |
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