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United States : RIVERMEADOW Software declares CLOSING of a $12 million Series B financing round.

RiverMeadow Software Inc. has closed a $12 million Series B financing round including Cisco, Violin Memory and others. The new funding will fuel RiverMeadow's growth as it drives deployments of the RiverMeadow Cloud Migration SS with carriers and service providers worldwide.

"This is a significant milestone for RiverMeadow which validates the enormous potential we see for our cloud migration solution," said Mark Shirman, CEO, RiverMeadow. "The RiverMeadow Cloud Migration SS has already gained tremendous traction and acceptance with many of the world's largest cloud infrastructure manufacturers and service providers. This latest funding round will allow us to continue to scale the company for future growth by expanding our engineering team and supporting our OEM's in meeting the growing market demands for cloud migration."

In April, RiverMeadow declared Cisco will use the RiverMeadow Cloud Migration SS tool in its Cloud On-Boarding Service offerings to help customers easily move whole server workloads to public, private and hybrid cloud environments. The solution allows Cisco to quickly, easily and cost-efficiently deliver the benefits of cloud computing to their customers.

The RiverMeadow Cloud Migration SS automates the migration of live physical, virtual and cloud-based servers "as-is" into public, private and hybrid cloud environments. The RiverMeadow Cloud Migration SS automates the cloud migration process from beginning-to-end, without the need to install agents or quiesce servers.

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Publication:Mena Report
Date:Sep 6, 2013
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