Atempo Gets $22M More

Atempo secures $22M in expansion capital

September 5, 2007

1 Min Read
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PALO ALTO, Calif. -- Atempo, Inc., a leading provider of cross-platform data protection and archiving solutions, today announced that it has raised $22 million in Series B funding to drive the companys continued global expansion. New investors Intel Capital, who led the round, Steelpoint Capital Partners, and Ridgewood Capital all participated in the funding.

Atempo will use the investment capital to accelerate development of its cross-platform product suite and leverage its award-winning storage management solutions to address the backup, archiving and data storage management needs of companies that depend on the Windows, Mac, Linux, UNIX, and iSeries operating systems. Atempo’s storage management solutions, which include archiving, backup, continuous data protection and rapid restoration products, have a proven record of delivering superior performance in some of the world’s largest, most data-intensive environments. The funding will allow Atempo to build on its success with 3,000 enterprise and mid-market customers by providing tightly integrated data protection and archiving solutions to targeted strategic markets. These opportunities include government agencies, universities, research facilities, digital media and post-production companies.

“With the surging demand for preserving high-value digital assets, there are tremendous growth opportunities for Atempo, particularly among mid-market companies with data-intensive storage and backup requirements that exceed the capabilities of traditional mid-market software,” said Neal Ater, Atempo CEO. “Our software provides the right combination of ease-of-use and performance that has been proven in deployments with some of the world’s largest enterprises. This funding will help fuel product and service innovation and drive our growth in North America, Europe and Asia.”

Atempo Inc.

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