Valhalla Leads Seed-Round Investment in Green IT Startup MiserWare
Valhalla Partners announced today that it has made a seed investment in MiserWare, a Blacksburg, VA Green IT startup founded by Professor Kirk Cameron of Virginia Tech. This investment is Valhalla's third seed investment in 2008. MiserWare is focused on power-saving technologies for computing devices, and represents the commercialization of Professor Cameron's research interests over the past seven years.
Vienna, VA (PRWEB) October 4, 2008 -- Valhalla Partners announced today that it has made a seed investment in MiserWare, a Blacksburg, VA Green IT startup founded by Professor Kirk Cameron of Virginia Tech. This investment is Valhalla's third seed investment in 2008.
MiserWare is focused on power-saving technologies for computing devices, and represents the commercialization of Professor Cameron's research interests over the past seven years.
"We're excited to bring these technologies to market," said Cameron. "Power-saving technologies are rapidly becoming critical items in the data center, and MiserWare's innovations in this area are going to be significant. Valhalla is a great partner for us because they are willing to roll up their sleeves and help us build a great company."
General Partner Hooks Johnston is heading up Valhalla's Green IT practice, and sees MiserWare's intellectual property as the foundation for a suite of applications to significantly reduce the power required for enterprise computing.
"When we saw what Kirk had at the proof-of-concept level," said Johnston, "we knew it was a great fit with our seed program, which is all about financing and assisting very early-stage entrepreneurs with breakthrough technologies in our sectors of interest."
MiserWare is Valhalla's third seed investment in 2008, the other two companies being KZO Innovations ( Dulles, VA), an Internet video startup, and Local Labs (New York, NY), a Web 2.0 company focused on location-based applications. The Valhalla Partners Seed Investment program finds very early-stage opportunities in selected sectors of special interest to the firm.
About Valhalla Partners
Valhalla Partners is a trusted partner and advisor to technology entrepreneurs in their quest to build world-class companies. Based in Vienna, Virginia, the firm's management team has made more than 120 investments over the past twenty years and produced almost $1 billion of investment proceeds. Valhalla prefers investments where the mission of the company is to innovate, challenge and fundamentally change the dynamics of new and existing markets. Investments by Valhalla's team include Advertising.com, BDMetrics, CareerBuilder.com, Clarify, EnterpriseDB, Epicor, Exchange Solutions, JumpTap, LeftHand Networks, Mobius, NextLink, Nirvanix, Progress Software, Proxicom, RealOps, Register.com, Riverbed Technologies, SafeNet, SEPATON, ServiceBench, Trilogy, and webMethods. Valhalla Partners brings the full power and network of its experienced team to every investment it makes, helping companies grow faster and smarter regardless of size or maturity.
For more information, go to www.valhallapartners.com.
For more information, press only:
Dan Gordon, 703-448-1400, dan@valhallapartners.com
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