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AutoVirt Raises Cash

NASHUA, N.H. -- AutoVirt, Inc., the emerging leader in fully automated online data migration solutions for mid-range Windows environments, today announced the closing of an additional $4 million in financing with existing investors, Kepha Partners and Sigma Partners, two of the most prominent and well-respected venture capital firms in the world. The additional funds, which bring the total raised to date to $8.5 million, will be used to expand and accelerate AutoVirts product development, as well as its sales and marketing efforts.

“AutoVirt’s laser-like focus has put it on track to be the data migration solution of choice and consequent market leader,” said Jo Tango, general partner, Kepha Partners and member of the AutoVirt Board of Directors. “We are exceedingly pleased with AutoVirt’s progress since our initial investment, and our participation in this additional financing is a testament to that success.”