Signiant Secures $10 Million; Signiant to Continue Execution of Aggressive Expansion Plan with Backing of Investors Led by North Bridge Venture Partners.BURLINGTON Burlington, town, Canada Burlington, town (1991 pop. 129,575), SE Ont., Canada, on Lake Ontario. First settled (1798) by Mohawk Loyalist Joseph Brandt, Burlington's economy was built on the shipment of wheat, lumber, and quarried rock by waterway. , Mass. -- Signiant, Inc., the leader in distributed data management (protocol, database) Distributed Data Management - (DDM) An IBM data protocol architecture for data management services across distributed systems in an SNA environment. DDM provides a common data management language for data interchange among different IBM system platforms. , today announced that it has raised $10 million in a round led by new investor North Bridge Venture Partners, along with participation from existing investors Boston Capital Ventures and VIMAC VIMAC Venture Investment Management Company LLC (Boston, MA) VIMAC Visually Impaired Media Access Consultants Ventures. The capital is earmarked for expansion of the Signiant executive team and sales and marketing support for its Mobilize mo·bi·lize v. 1. To make mobile or capable of movement. 2. To restore the power of motion to a joint. 3. To release into the body, as glycogen from the liver. (TM) product line. Signiant Mobilize technology is at the core of the company's software solutions that enable enterprises to centrally control and securely manage widely distributed Adj. 1. widely distributed - growing or occurring in many parts of the world; "a cosmopolitan herb"; "cosmopolitan in distribution" cosmopolitan bionomics, environmental science, ecology - the branch of biology concerned with the relations between organisms data assets without requiring investment in additional hardware or appliances. More than 350 enterprise customers across multiple vertical industries including finance, oil & gas, government and media & entertainment use Signiant solutions for remote data protection and media asset distribution. The Signiant offerings deliver tremendous cost savings and operational efficiencies. "Data assets are the life blood of any organization, making data protection and management a top priority. To avoid costly downtime The time during which a computer is not functioning due to hardware, operating system or application program failure. and compromised data, large enterprises need to implement scalable, automated au·to·mate v. au·to·mat·ed, au·to·mat·ing, au·to·mates v.tr. 1. To convert to automatic operation: automate a factory. 2. remote data protection and digital asset management services that eliminate manual processes and the potential for human error," said Richard D'Amore, general partner, North Bridge Venture Partners. "Signiant's roots in carrier-grade technologies and its focus on distributed data management make it a natural choice for our software technology portfolio. We are pleased to provide our support for the expansion of the Signiant organization and the marketing of its data protection and digital asset management solutions." "We are delighted to be working with North Bridge Venture Partners and appreciate the opportunity to partner with an investor whose reputation and experience is renowned," said Dennis Albano, chief executive officer, Signiant, Inc. "Remote data protection and digital media distribution are critical strategic requirements within enterprise IT strategies. Customers are realizing huge benefits using our products and we are growing our organization to respond to the enormous market opportunity." About North Bridge Venture Partners North Bridge Venture Partners is an active, early-stage venture capital fund based in the Boston, Massachusetts “Boston” redirects here. For other uses, see Boston (disambiguation). Boston is the capital and most populous city of Massachusetts.[3] The largest city in New England, Boston is considered the unofficial economic and cultural center of the entire New area. For North Bridge, success is a partnership with management that produces leading public companies in large emerging markets. For more information, visit www.nbvp.com. About Boston Capital Ventures Boston Capital Ventures manages private venture capital partnership funds for individual and institutional investors 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. which invest in growth companies. The original BCV BCV Banco Central de Venezuela BCV Banque Cantonale Vaudoise BCV Bovine Coronavirus BCV Business Continuance Volumes (EMC Technology) BCV Beach Club Villas (Disney resort) BCV Battle Command Vehicle fund was formed in 1982. The partners are accomplished and experienced professionals who have a diverse and complementary range of skills and a broad network of domestic and international relationships. The existing Boston Capital Ventures partnerships have attracted leading U.S. institutions and individuals from 16 countries as investors. BCV's proximity to one of the world's largest centers of entrepreneurial en·tre·pre·neur n. A person who organizes, operates, and assumes the risk for a business venture. [French, from Old French, from entreprendre, to undertake; see enterprise. activity is an advantage in sourcing and managing its portfolio of investments. About VIMAC Ventures Based in Boston, VIMAC Ventures deploys capital in early-stage companies located in the eastern U.S. and Canada. Today, VIMAC features two separate investment teams--one focused on early stage ventures in IT/communications technologies and the other focused on life sciences. VIMAC leads or co-leads most investments and its managers play a very active role on portfolio companies' Boards of Directors. About Signiant Inc. Signiant develops software solutions that enable enterprises to centrally manage their distributed data. Signiant Mobilize(TM) technology is installed in hundreds of enterprises worldwide, helping leading companies slash the costs of managing, protecting and sharing remote data. Signiant Mobilize for Remote Data Protection performs automated, centralized cen·tral·ize v. cen·tral·ized, cen·tral·iz·ing, cen·tral·iz·es v.tr. 1. To draw into or toward a center; consolidate. 2. backup and recovery of branch office data for large and medium-sized enterprises. Signiant Mobilize for Media enables the centralized management, control, and transport of data-intensive digital media. Signiant is a privately-held company headquartered in Burlington, Mass. Visit us at www.signiant.com. Signiant and Signiant Mobilize are trademarks of Signiant Inc. All other trademarks are the marks of their respective owners. |
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