Univa UD Receives Series B Financing
Univa UD, a pioneer in developing software products for high performance computing and data center environments, today announced it has closed a second round of funding to finance its continued growth.
Investors include River Cities Capital Funds, a new investor for the company, as well as several investors that participated in the company’s first funding round, including ARCH Venture Partners, New World Ventures, Appian Ventures and OCA Ventures.
“This cash infusion, along with the increasing sales momentum we’ve experienced over the past two quarters, positions Univa UD well with respect to our business plan for the remainder of 2008 and affords us the necessary flexibility to hire more development talent to fulfill our product roadmap,” said Jason Liu, Univa UD President and Chief Executive Officer. “We expect to solidify our leadership position in HPC systems management and to rapidly grow our opportunities in the data center virtualization and automation space.”
Last year, Lisle, IL-based Univa merged with Austin, TX-based United Devices to form Univa UD. Since the merger, the company has recruited renowned executives and developers to help with its growth and transformation into an industry leader in the areas of open source cluster management, grid computing and data center application provisioning. United Devices previously received funding from Mobius Venture Capital, Inc., Constellation Ventures and Oak Investment Partners.
“This investment in Univa UD underscores our commitment to the company and our belief in the strength of both the management and technology teams, as well as the future of both the HPC and data center businesses,” said Murray Wilson, a partner with River Cities Capital Funds. “Our overall long-term interest in Univa UD and its technology is based on our confidence in the company’s ability to lead the market with innovative, cost-effective solutions for customers seeking to transform their HPC and data center environments.
About Univa UD
Univa UD is the leading provider of high-performance computing (HPC) systems management and data center virtualization software. Univa UD products simplify the complex nature of deploying and operating HPC and data center virtualization environments, saving customers time and resources while giving them confidence that their solution will perform as expected. Hundreds of market-leading companies come to Univa UD to build and operate their production infrastructures, from workgroup clusters to enterprise grids to dynamic data center application provisioning. With a focus on making business easier for our customers, Univa UD is advancing the vision and practice of HPC and data center virtualization. Visit us at www.univaud.com.