This funding will enable Unitrends to accelerate its investments in R&D, marketing, and sales.
Columbia, SC (PRWEB) June 22, 2010
Unitrends, the leader in affordable, heterogeneous, disk-based all-in-one backup appliances, today announced that it secured a $3.0MM financing from Toronto based MMV Financial. Unitrends is a leader in disaster recovery and business systems continuity for the small and medium business (SMB) market providing an integrated hardware and software solution for data backup and BareMetal disaster recovery. The company’s disaster recovery solutions are currently deployed to more than 1,500 customers, primarily in the U.S.
“We’re excited about the investment that MMV has made in Unitrends,” said Tim Wallick, CFO, Unitrends. “This funding will enable Unitrends to accelerate its investments in R&D, marketing, and sales.”
“Unitrends addresses a critical need of small and medium-sized enterprises as well as a range of public agencies and non-profit organizations to protect mission critical data in times of crisis. MMV is delighted to be a Unitrends financial partner,” said April Young, MMV’s Managing Director, US.
Unitrends provides the best backup solution, at the lowest total cost of ownership in the industry, through a family of scalable disk-based backup appliances that integrate and protect existing heterogeneous computer and storage systems through a single, intuitive, graphical user interface. Unitrends uses a common backup and recovery engine for providing protection for over 100 different versions of operating systems and applications. This means you can support Microsoft Windows, Microsoft Exchange, Microsoft SQL, Microsoft Hyper-V, VMware, Sun Solaris, Novell OES, Novell Netware, Novell GroupWise, Novell eDirectory, Linux, FreeBSD, Apple MacOS X, IBM pSeries/AIX, HP HP-UX, SCO UnixWare and OpenServer, IBM iSeries/OS400, and SGI IRIX on notebooks, PCs, workstations, and servers and on DAS, NAS, or SAN storage – all using a single backup appliance.
Information about Unitrends can be found at http://www.unitrends.com.
A virtual appliance free trial is also available for download.
About MMV Financial:
MMV Financial is a specialty finance company providing creative debt solutions directly to technology and life sciences companies across North America. MMV is backed by top U.S. and Canadian private equity firms and financial institutions including CCP Equity Partners, Caisse de dépôt et placement du Québec, Fonds de Solidarité des Travailleurs du Québec, HSBC Bank Canada, ROI Capital, and Wells Fargo Company. For more information please visit http://www.mmvf.com
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