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Insight, Updata Invest in DataCore

FORT LAUDERDALE, Fla. -- DataCore Software Corporation, the leading vendor of hardware independent, storage virtualization software, today announced that it has accepted a $30 million equity investment from Insight Venture Partners and Updata Partners.

Insight Venture Partners has built its reputation on finding and investing in companies poised for tremendous success in the industries in which we specialize,” said Jeff Horing, Managing Director, Insight Venture Partners. “DataCore is perfectly positioned as the virtual storage foundation for all server and desktop virtualization platforms, regardless of vendor. We believe that storage virtualization will eventually be as big as server virtualization and that DataCore will be the big beneficiary of this trend.”

DataCore Software Corp.