Unitrends Secures $3.5 Million Financing

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Backup and disaster recovery vendor receives Series C funding

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This funding will enable Unitrends to reach another record-breaking year as we invest more into research and development, focus heavily on reseller collaboration and stay up to date with new and existing customer needs.

Unitrends, the leading provider in integrated and scalable backup solutions, today announced it has received $3.5 million in financing. The Series C1 round was fully subscribed by existing investors.

Ending 2010 with a record-breaking year for Unitrends, the data protection company is on the verge of setting new records in 2011 as it secures financing to fuel greater advancements. Unitrends will invest the capital into driving additional research and development, while taking large strides in partnering marketing efforts and strengthening its sales and support organizations.

“We see an incredible opportunity to expand both our reseller and client base,” Mike Coney, Chief Executive Officer, Unitrends said. “This funding will enable Unitrends to reach another record-breaking year as we invest more into research and development, focus heavily on reseller collaboration and stay up to date with new and existing customer needs.”

Known for its lowest total cost of ownership in the industry, Unitrends enterprise-level data protection appliances offer an all-in-one solution without compromising the demand for reliability, speed and ease of use.

“Unitrends is staying on the fast pace in a slow economy,” Philip Eliot, Board Chairman, said. “Their 2010 record revenue year has accelerated their growth into new markets, while still allowing them to make strides in research and development.”

Unitrends is an all-in-one provider of backup and disaster recovery solutions that serves businesses in need of a reliable, low maintenance solution. The new funding will allow Unitrends to have flexibility to meet its capital needs while continuing to remain the leader in backup and the provider of the lowest total cost of backup solutions in the industry.

About Unitrends
Unitrends enables its customers the freedom to focus on their business instead of backup. The company achieves this through scalable, all-in-one backup solutions that no other data protection vendor can provide. Unitrends integrated backup appliance simply protects businesses’ IT infrastructures at the lowest total cost of ownership in the industry. More companies every day join those who have discovered the customer-obsessed, enterprise-level data protection only Unitrends can offer.

Information about Unitrends can be found at http://www.unitrends.com. A VMware-based and Hyper-V-based virtual appliance free trial are available for download.

Media Contact:
Kelly Lowe
803.454.0300
pr(at)unitrends(dot)com

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