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Verari Bags $13M

Blade server startup Verari Systems Inc. completed a Series B funding round worth $13.275 million today, and officials said some of the money could be used to make acquisitions.

Led by Carlyle Venture Partners, the round included previous investors Sierra Ventures, Voyager Capital, and Celerity Partners. Originally known as RackSaver, Verari made its name selling rack servers but switched its focus to blade technology in 2001. In June 2003, the San Diego-based firm bagged $14 million in Series A funding to support its new strategy.

In April this year, the company changed its name to Verari and acquired clustering specialist MPI Software Technology Inc. More recently, Verari signed an OEM deal with Engenio Information Technology Inc. Under the terms of the deal, Verari sells Engenios Fibre Channel and SATA storage subsystems under its brand, with a “Powered by Engenio” tag (see Verari Goes Off the Rack).

Verari CEO David Driggers will not rule out the possibility of new alliances and buyouts following the latest funding. “Whatever we can’t develop in-house will be available through strong partnerships and acquisitions,” he says.

Driggers is staying tight-lipped on whether Verari has any specific acquisition targets in mind, although he did confirm his interest in technologies that manage workstation clusters.

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