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Arkeia Secures Series B

CARLSBAD, Calif. -- Arkeia Software, the leading provider of powerful, innovative data protection software, announced today that it has received a $3M Series B equity funding from SPEF Ventures (Banque Populaire) and Crdit Agricole private equity. Arkeia also announced the hiring of storage industry veteran Philippe Tiennot in the newly created role of Chief Operating Officer, and the promotions of Ferderic Renard to EMEA Sales Director and Dave Elliott to General Manager, Americas and Asia Pacific.

Building upon the success of Arkeia Network Backup, Arkeia Smart Backup and Arkeia Options, proceeds from the new funding will be used to expand product research and development to deliver further optimizations and advancements in data protection software. In addition to the continued development of Arkeia’s already established products, Arkeia Software will also strengthen its operations, sales and marketing functions as it prepares to launch a major new product line in the second quarter of the year.

“We are delighted by the substantial support that we continue to receive from our investors and with the new strengthened management team,” said Alain Pechon, CEO Arkeia Software. “This subsequent round of funding highlights the confidence that our investors have in the strategic initiatives we have established to support our current and future worldwide customer base. This investment will not only allow us to accelerate our current development, it will allow us to deliver on our innovative new product roadmap.”

Philippe Tiennot joins Arkeia as COO from Sharing Knowledge where he served as founder and CEO. Prior to Sharing Knowledge, Tiennot served as Country Director for Veritas France and has held senior management positions at EMC. Tiennot also served as VP Storage Business Unit for Bull and later as the General Manager of Bull’s 2ai subsidiary. “Arkeia Software has a strong base of customers and has a compelling new product line that will transform the company. I look forward to helping drive Arkeia through its next level of growth.”

Arkeia Software, recent recipient of Storage Product Guide’s “Hot Companies” 2007 award, is a proven solution for enterprise and SMBs. It provides fast and reliable data protection for business critical information, supporting an extensive variety of backup devices, hardware and operating system configurations.

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