Teradici Corporation Secures $18 Million in Funding.Oversubscribed Refers to connecting more users to a system than can be fully supported if all of them were using it at the same time. Networks and servers are almost always designed with some amount of oversubscription, counting on the fact that everybody does not need the service simultaneously. Financing Round to Accelerate Go-to-Market Timeline and Next Generation Product Development VANCOUVER, British Columbia British Columbia, province (2001 pop. 3,907,738), 366,255 sq mi (948,600 sq km), including 6,976 sq mi (18,068 sq km) of water surface, W Canada. Geography -- Teradici Corporation, a fabless semiconductor company A fabless semiconductor company specializes in the design and sale of hardware devices implemented on semiconductor chips. It achieves an advantage by outsourcing the fabrication of the devices to a specialized semiconductor manufacturer called a semiconductor foundry or "fab. developing innovative solutions for next-generation computer form factors, today announced the company has secured $18 million in venture capital funding. Alloy alloy (ăl`oi, əloi`) [O. Fr.,=combine], substance with metallic properties that consists of a metal fused with one or more metals or nonmetals. Ventures led the round with participation from return investors the Working Opportunity Fund, Skypoint Capital, BDC (Backup Domain Controller) In a Windows NT server, a copy of the Primary Domain Controller (PDC). The BDC is periodically synchronized with the PDC. See PDC. BDC - Backup Domain Controller Venture Capital and Alta Berkeley Venture Partners. Teradici concurrently announced that Daniel Rubin, partner at Alloy Ventures, will join the company's board of directors. Mr. Rubin has extensive operational and management experience in the semiconductor industry notably as a co-founder of Artisan Components. He held positions of Vice President of Sales and Marketing and Vice President of Business Development for Artisan through its initial public offering in 1998. "The completion of this oversubscribed funding round has provided Teradici with an excellent foundation to execute on our vision," said Dan Cordingley, Teradici's President and Chief Executive Officer. "Dan Rubin's extensive background in business development, sales and marketing is invaluable to Teradici as the company transitions from product development to product delivery. We are thrilled thrill v. thrilled, thrill·ing, thrills v.tr. 1. To cause to feel a sudden intense sensation; excite greatly. 2. To give great pleasure to; delight. See Synonyms at enrapture. to have Mr. Rubin as a member of our board as Teradici continues to drive widespread adoption of our technology in 2007." The investment by Alloy Ventures continues the firm's strategy of seeking out exciting, entrepreneurial companies in the IT sector with technology that is not only unique but also can force disruptive change to existing infrastructure. "Alloy Ventures believes that Teradici's approach in developing unique graphics algorithms driven by purpose-built silicon will enable new thinking in how enterprises approach computer and network deployment," said Rubin. "The combination of Teradici's experienced management team impressive first silicon success and customer traction Traction Definition Traction is the use of a pulling force to treat muscle and skeleton disorders. Purpose Traction is usually applied to the arms and legs, the neck, the backbone, or the pelvis. is outstanding." Teradici will use this capital to fund its 2007 go-to-market plan while, in parallel, accelerating its second and third generation product strategies. Building upon its highly successful first product development, Teradici will expand its engineering teams to deliver further optimizations and advancements in graphics compression and high-speed chip design. Teradici will also strengthen its operations, sales and marketing functions as it approaches volume production and broad-based customer adoption. About Teradici Teradici Corporation is a fabless semiconductor company developing innovative technology for next-generation computer form factors. Through a combination of unique algorithms and high-performance silicon processing, the company is focused on enabling a new approach for how personal computers are deployed and managed. Teradici is headquartered in Burnaby, British Columbia “Burnaby” redirects here. For persons sharing this surname, see Burnaby (surname). Burnaby, British Columbia, Canada, is the city immediately east of Vancouver. , Canada. More information is available at www.teradici.com About Alloy Ventures Alloy Ventures invests primarily in seed and early stage companies in information technology and the life sciences. The firm's total committed capital under management exceeds $1 billion, including $368 million committed to Alloy Ventures in 2005. The firm's partners have been founders and CEOs of successful start-ups, officers of large companies, and have decades of venture capital experience. The firm offers entrepreneurs the experience, connections and capital necessary to build lasting, market-leading companies. For more information, visit http://www.alloyventures.com. About GrowthWorks Capital and the Working Opportunity Fund GrowthWorks is a recognized leader in venture capital fund management with proven experience in the raising and managing of capital. GrowthWorks([TM])managed funds have $800 million in combined assets and include the Working Opportunity Fund, GrowthWorks Canadian Fund, GrowthWorks Commercialization Fund and GrowthWorks Atlantic Venture Fund. GrowthWorks has a team of skilled and knowledgeable investment professionals with a combined 200 years of experience. The investment team has a proven track record of identifying, analyzing, and structuring investments in emerging sectors. GrowthWorks refers to affiliates of GrowthWorks Ltd. For more information, visit www.growthworks.ca. About Skypoint Capital Skypoint Capital forms and manages venture capital funds Venture Capital Funds An investment fund that manages money from investors seeking private equity stakes in small and medium-size enterprises with strong growth potential. Notes: that stimulate and leverage the ever-changing telecommunications Communicating information, including data, text, pictures, voice and video over long distance. See communications. and information technology sector. Its funds provide early-stage equity capital to new or growing businesses with the potential to become major enterprises. The firm, which currently has US $185 million under management, invests primarily in Canada, but also in the US, Israel and the UK. The members of the Skypoint Capital team have far-reaching experience in the industry, fund management and the cultivation cultivation, tilling or manipulation of the soil, done primarily to eliminate weeds that compete with crops for water and nutrients. Cultivation may be used in crusted soils to increase soil aeration and infiltration of water; it may also be used to move soil to or of technology companies. For more information, visit www.skypointcorp.com About BDC Venture Capital BDC Venture Capital is a major venture capital investor in Canada, active at every stage of the company's development cycle, from seed through expansion, with a focus on technology-based businesses that have high growth potential and that are positioned to become dominant players in their markets. BDC Venture Capital has been involved in venture capital since 1975 and has to date invested in more than 400 different companies. It currently manages approximately $550 million in venture capital assets capital assets n. equipment, property, and funds owned by a business. (See: capital, capital account) invested in the areas of Life Sciences, Telecommunications, Information Technology and Advanced Technologies Investments. For more information, visit www.bdc.ca About Alta Berkeley Founded in 1982, Alta Berkeley is a London-based venture capital firm focusing on the next generation of leading technology companies in communications and computing computing - computer across Europe and Israel. Alta Berkeley follows a US-style VC model, in that its partners have deep operational experience of successfully launching and managing technology businesses in both the private and public markets and consequently, they take a hands-on approach with their portfolio companies. Alta Berkeley has raised and invested six funds since 1982, providing superior returns for 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. and has been responsible for over 50 exits via acquisition or IPO (Initial Public Offering) The first time a company offers shares of stock to the public. While not a computer term per se, many founders, employees and insiders of computer companies have found this acronym more exciting than any tech term they ever heard. . The firm is currently investing from its sixth fund. Recent investments include Siliquent Technologies, Frontier Semiconductor, Touch Clarity, Dune dune, mound or ridge of wind-blown sand formed in arid regions and along coasts. Dunes are common in most of the great deserts of the world. Often a dune begins to form because material is deposited by the wind as it encounters a bush, a rock, or other obstacle to Networks, Native Networks, and Synad. For more information, please go to: www.altaberkeley.com |
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