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Penguin Closes $9M Series B

Penguin Computing has closed $9 million in Series 2 financing, led by vSpring Capital

SAN FRANCISCO -- Penguin Computing, the leader in Linux Cluster Virtualization, today announced that it has closed $9 million in Series 2 financing, led by vSpring Capital, with participation from existing investors, San Francisco Equity Partners, Weber Capital and Convergence Partners. The injection of funds will help Penguin Computing take advantage of the increasing demand for Linux High Performance Computing (HPC) solutions, both among its strong customer base in the commercial, government and academic fields, and beyond to rapidly expanding enterprise markets such as web infrastructure. In connection with the transaction, Ed Ekstrom, managing director at vSpring, has joined Penguin Computings Board of Directors.

capital will be used to enhance the capabilities of the company’s Scyld ClusterWare™ cluster management software, whose unique architecture enables users to manage large pools of Linux servers as a single, virtual, consistent system, drastically reducing complexity and cost. The new investment will also be used to help grow its salesforce and professional services organization to meet rapidly increasing customer demand and to drive aggressive marketing efforts to expand its customer base in the enterprise, technical and scientific computing and commercial high performance markets.

“vSpring Capital’s team is extremely well-versed in our space. We value their knowledge and expertise highly and look forward to welcoming Ed Ekstrom to our Board,” commented Enrico Pesatori, Chairman and C.E.O., Penguin Computing. “By ramping up our investment in software development and professional services, we will accelerate our innovation in the design, integration and support of scalable Linux clustering systems that are highly efficient, simple, affordable and extremely flexible. In particular, the new funds will help to speed up the development and growth of our ground-breaking technology, Scyld ClusterWare, which is fast becoming the de facto standard for Linux clustering.”

Penguin Computing Inc.

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