Desktone Secures $17M

Desktone announced that it has closed $17 million in venture funding

July 30, 2007

1 Min Read
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CHELMSFORD, Mass. -- Desktone, Inc., provider of the industrys first unified virtual desktop platform, announced that it has closed $17 million in venture funding. The Series A round was co-led by Highland Capital Partners and SoftBank Capital, and also included Citrix Systems, Inc. (Nasdaq:CTXS), and China-based Tangee International. Desktone, founded in 2006, intends to use the capital to fund global sales, marketing and development for its desktop virtualization platform.

“As the cost and complexity of managing large-scale PC and server environments becomes overwhelming, the trend toward virtualization is growing exponentially,” said Ron Fisher, managing partner, SoftBank Capital. “Enterprises have a tremendous need to accelerate desktop virtualization adoption in a way that is cost-effective and simple, and that doesn’t drain IT resources. Desktone’s approach to this market and their progress after just one year in business are impressive. We are excited to help them address this enormous market opportunity.”

“Desktone boasts an accomplished executive team who understands the challenges enterprises face in managing desktops and transforming to virtualized environments,” said Peter Bell, partner, Highland Capital Partners. “The team has proven track records in pioneering ground-breaking technologies, building thriving businesses, and creating valuable services and product offerings. With its powerful combination of visionary management and innovative, in-demand solutions, we are confident Desktone will achieve success.”

Desktone Inc.

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