U.S. Authorities Grant Three Patents for Cloud Container Technology to AppZero Massachusetts-based technology startup AppZero announced the United States Patent and Trademark Office granted the application virtualization company three patents providing critical capabilities to its cloud solutions. These patents lay the foundation for AppZero’s Cloud Container Isolation ™ technology, the company said on its website. The company was granted three patents; namely, Patent # 7,757,291, titled “Malware Containment by Application Encapsulation”; Patent # 7,774,762, named “System Including Run-Time Software to Enable a Software Application to Execute on an Incompatible Computer Platform”, and Patent # 7,784,058, called “Computing System Having User
venture capital
Virtensys Specializes in Virtualization Technologies for Cloud Computing Manchester-based Virtensys started developing I/O Virtualization technologies for servers and storage platforms and needed less than a year to secure its first round of venture capital funding in October 2006, after venture capital investors Scottish Equity Partners provided Series A funding worth GBP 6.41 million to the start-up founded by entrepreneurs who left market leaders such as Adaptec, Brocade, Fujitsu, HP, ICL and Intel to establish a new enterprise. The company has bet on an innovative vision that data center servers and storage systems will no longer physically contain complex high-speed I/O
ResearchGATE Monetizes Its Web-platform Connecting Researchers Worldwide The “FaceBook For Scientists” Scientists were, and still are, the driving force behind the booming IT industry and its newest sector – Cloud Computing. Scholars have been actively sharing ideas since the dawn of times although the invention of aviation, telephone and electricity made it possible for scientific world to interact in real-time or nearly real-time. Then Internet was born and a few decades later collaborative online work and scientific research is not uncommon within scientific community around the globe. Such amazing, and very fast, development of the online model as well as
AccountsIQ Takes Advantage of Growing Demand for SaaS Accounting Software Tony Connolly founded Visor Ltd. in 2004 in Ireland and since then the company managed to set foot in the UK, Australia, India and the United States. Its fully hosted Software as a Service (SaaS) accounting platform accountsIQ, initially launched in 2007, is intended to help businesses that need a common platform for managing and benchmarking multiple entities. The platform targets primarily small and medium-sized enterprises allowing them to take advantage of a SaaS offering enabling users to manage their entire accounting process via the Internet and without in-house IT
Skytap Secures $10 Million to Accelerate Business Growth for Cloud Automation OpenView Venture Partners Leads Round With Participation From Current Investors — Ignition Partners, Madrona Venture Group and Washington Research Foundation SEATTLE, WA–(Marketwire – January 3, 2011) – Skytap, the leading provider of self-service cloud automation solutions, today announced an oversubscribed $10 million Series C round of funding led by OpenView Venture Partners with participation from existing investors Ignition Partners, Madrona Venture Group and Washington Research Foundation. The investment will be used to scale sales and marketing, and accelerate innovation of the company’s flagship cloud automation platform. Scott Maxwell, senior
New Investment Opportunities with Nasuni CloudTweaks Nasuni has just announced a new investment of $15million from Venture Capitalists to fund development of its cloud-based filer software, following a $8million investment in March 2009. This software comes in the form of a downloadable virtual machine which presents the storage cloud as a networked drive to local users. A local 500GB cache drive is used to encrypt and decrypt the data as it is transferred between the users and the storage cloud. The Nasuni virtual machine is compatible with the major VM hosts, including VMWare, Citrix XenServer and Microsoft Hyper-V, and it
Existing Investors Joined by Flybridge Capital Partners, Funding Now Totals $23 Million NATICK, Mass., Dec. 20, 2010 — Nasuni®, maker of the storage industry’s leading cloud gateway, today announced that it has closed $15 million in Series B funding led by Flybridge Capital Partners with participation from existing investors, North Bridge Venture Partners and Sigma Partners, who led the company’s Series A funding in March 2009. Investment in Nasuni now totals $23 million for the two rounds. Chip Hazard, a General Partner at Flybridge Capital Partners, has been named to the Nasuni Board of Directors. Jeffrey P. McCarthy, Partner at
TORONTO, ONTARIO–(Marketwire – Sept. 23, 2010) – The winners of the Deloitte Technology Fast 50™ set a record pace in 2010, with an average five-year revenue growth rate of 5,638 per cent, an all time high. Some of this was due to the economic rebound and exciting new technology niches, but some was also due to the small size of these companies five years ago. In addition, this year’s survey of Canada’s fastest growing technology companies reveals a domestic tech sector that’s been resourceful in bootstrapping its growth, but sees the country’s domestic venture capital industry as in crisis and
