rPath Continues Momentum with Addition of $10M in Funding and Key Client Wins By VSM News Staff published: Tuesday, June 24 2008
rPath’s
technology simplifies distribution and consumption of applications via virtual
appliances and cloud computing.
RALEIGH,
N.C. (June 24, 2008) – rPath® today announced that the
company has closed a $10M round of venture financing. The Series C round was
led by rPath’s existing backers, General Catalyst, North Bridge Venture
Partners and Wakefield Group. The company plans to use this new capital to
increase its leadership in enabling cloud computing.
Merrill Lynch’s recent research
note titled, “The Cloud Wars: $100+ billion at Stake”, cites cloud
computing has the potential to shower billions in revenues on companies that
embrace it. According to Merrill Lynch, the burgeoning technology concept
is seen as a $160-billion addressable market opportunity, including $95-billion
in business and productivity applications, and another $65-billion in online
advertising.
“As the demand for cloud computing continues to
explode, rPath is in a unique position to drive adoption as the fastest and
most scalable approach for delivering applications to cloud computing
environments such as Amazon's Elastic Compute Cloud (EC2), Citrix's XenServer,
and VMware's Virtual Infrastructure,” said Billy Marshall, rPath
founder and CEO.
Cloud computing is fully enabled by virtualization technology (hypervisors)
and virtual appliances. A virtual appliance is an application that is optimized
for virtual environments -- whether an internal cluster of systems or an
external cloud of computers such as Amazon's EC2. In a cloud computing
environment, a virtual appliance can be instantly provisioned and
decommissioned as needed, without complex configuration of the operating
environment.
Numerous
Customer Wins
Since the beginning of 2008, rPath has seen a surge of
interest in its technology resulting in an increase of over 100% in new
customers, including 3SP, Avinity Systems, CERN, Cynapse, Department of Energy,
DigitalStakeout, Firescope, VIP Tone and Webalo.
"The flexibility of the rPath Appliance Platform has
allowed us to deliver a high performance and highly secure appliance by
including only the operating system components required by our
application," said Seth Bruder, chief technology officer for Webalo.
"Whereas this customization process is usually long and arduous, with
rPath we were able to get what we wanted in a matter of weeks."
About rPath®
For
application providers that want to accelerate license growth, expand into new
markets, and reduce support and development costs, rPath’s platform
transforms applications into virtual appliances. A virtual appliance is an
application combined with just enough operating system (JeOS) for it to run
optimally in any virtualized environment. Virtual appliances eliminate the
hassles of installing, configuring and maintaining complex application environments.
Only rPath’s technology simplifies application distribution, lowers the
customer service costs of maintenance and management, and produces multiple
virtual machine formats. The company is headquartered in Raleigh, North Carolina.
For more information, visit http://www.rpath.com.
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