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Trigence Taps HP's Roth

Its all change at the top of data center startup Trigence, with former Hewlett-Packard Co. (NYSE: HPQ) exec David Roth replacing Chuck Colford as CEO. Colford, who co-founded Trigence back in 2002, will remain involved with the company as a board member.

Prior to Palo Alto, Calif., Roth was VP of sales and business development at Consera Software, which was acquired by HP last year, and has also spent time at Microsoft Corp. (Nasdaq: MSFT) and NYNEX.

The new boy is now on a hunt for cash to add to the $6.1 million already received in funding. Existing investors include VenGrowth Investment Fund Inc., BDC Venture Capital., Axis Investment Fund, and Sbemco International. Roth tells NDCF he plans to start fundraising again this spring, and expects to clinch the round by the fall. “We will be starting at no less than a $10 million round,” he says.

The 22-strong Ottawa-based firm is also looking to expand significantly during 2005, according to Roth. “We will establish U.S. headquarters probably sometime around the fall,” he says. “We will be somewhere between 30 and 40 [employees] by the end of the calendar year.”

The company has also changed its focus, from data centers in mid-sized companies in North America and Europe, to now targeting global and large enterprises.

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