SANpulse Secures Funding with Edison Venture Fund to Support its Continuous Expansion
Jersey City, NJ October 1, 2009 - SANpulse Technologies, the leading provider of enterprise infrastructure software and services for automated SAN migrations and optimizations, today announced a $5 million investment by Edison Venture Fund. The funding provides SANpulse with expansion capital for growing sales, marketing and development components of the company.
“We are extremely excited to have Edison as part of the SANpulse family,” said Peter Mehta, SANpulse chief executive officer. “This investment reaffirms the strong impact we have made in the infrastructure marketplace. We look forward to Edison’s strategic guidance and overall experience to help continue our growth and ensure long term success.”
Despite the economic recession, SANpulse already holds a strong position on the market providing SAN discovery, migration and optimization solutions to many Fortune 500 companies.
"SANpulse has proven to be a fantastic technology-led services company, with top tier customers to prove it,” said Steve Duplessie, founder and senior analyst of Enterprise Strategy Group. “The fact that they were able to go so far so long without raising any outside funding until now shows what can happen when smart people are committed to a real business model."
SANpulse’s business-aware enterprise infrastructure software and services deliver significant time and cost savings, while alleviating risks in complex and dynamic SAN environments. The investment will strengthening and secure SANpulse’s position as the global leader of enterprise-level technology solutions, both in the US and EMEA regions.
“Peter Mehta, CEO, leads an exceptional management team achieving substantial market penetration. Gerard Lam, founder, is a true storage industry visionary,” stated Joe Allegra, general partner. “We found SANpulse to be unique on the market for its next-generation product offering and its superior customer satisfaction.” Edison associate Rob Finn added, “Customers praised the company’s technology and domain expertise."
Edison is the sole institutional investor in SANpulse Technologies, Inc.
About SANpulse Technologies, Inc.
SANpulse is the leading provider of data center technology solutions and services that help the world’s largest companies manage and migrate complex IT environments. Its revolutionary, patent-pending enterprise infrastructure software called SANlogics™ facilitates rapid and automated discovery, migration and optimization of complex and dynamic SAN environments, while delivering significant time and cost savings.
Since its inception in 2005, SANpulse has helped many Fortune 500 clients across the globe maximize efficiency of their storage infrastructure, mitigate risk and guarantee greater business agility. SANpulse is headquartered in Jersey City, NJ, with regional offices in Dallas, TX and London, UK. For more information, please visit www.SANpulse.com.
About Edison Venture Fund
Established in 1986, Edison partners with entrepreneurs, service providers and other financing sources to build successful companies. Edison provides capital and value-added services to late stage ($5 to 20 million revenue), information technology businesses. Initial investments range from $5 to 8 million. Edison typically serves as the sole or lead investor in financings up to $10 million. In addition to providing expansion capital, Edison funds management buyouts, recapitalizations, spinouts and secondary stock purchases.
Edison’s investment professionals are based in Lawrenceville, NJ, McLean, VA, New York, NY and Needham, MA. Industry specialties include application software, communications, financial technology, interactive marketing, healthcare & pharmaceutical IT. Edison’s successes include Axent, Best Software, E-Transport, Marcam, MathSoft, Visual Networks, VirtualEdge, Vocus and many other information technology leaders, which have a combined market value exceeding $5 billion. Edison currently has $550 million under management and is actively making new investments. For more information, please visit www.edisonventure.com.