Unitrends Secures $9M Series C

Funding led by Paladin Capital to strengthen leadership & accelerate momentum in Unitrends's integrated data protection & recovery systems

May 21, 2008

1 Min Read
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COLUMBIA, S.C. -- Unitrends, a leading provider of innovative, integrated solutions that protect and restore critical data and systems, today announced completion of a $9 million round of Series C financing. Paladin Capital Group led the round, which also included participation from other Unitrends venture investors, including the Aurora Funds, Harbert Venture Partners, and the Trelys Funds.

Unitrends will use this investment to fuel additional research and development, bolster its partner marketing programs and strengthen its sales and support organizations. Strong market demand is being driven by the increasing need for integrated, easy to manage data protection, disaster recovery and vaulting solutions.

Data protection, business continuity and disaster recovery repeatedly rank as top priorities for IT leaders worldwide. We believe that Unitrends’ approach to delivering integrated solutions with advanced features in an easy-to-use appliance model is smart and needed in today’s data-intensive business environment,” said Philip Eliot, principal, Paladin Capital Group. “Given the persistent demand for reliable data protection and recovery solutions, we are especially pleased to include Unitrends in our portfolio.”

Unitrends Corp.

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