The funding comes as Verari experiences increasing momentum and
growth in its core business and licensing in both the U.S. and
internationally. In the first half of 2010, Verari has increased its
customer and partner base, as well as completed several key deployments
of its award-winning solutions to market-leading companies.
Additionally, Verari has been rapidly expanding its research and
development efforts to continue its leadership in providing
high-density, energy-efficient, custom tailored blade-based cloud
solutions.
"This funding is a significant milestone for Verari," said David
Driggers, Chairman and CEO, Verari Technologies. "The investment comes
at a crucial time as our traction is increasing and the cloud server and
cloud storage markets are beginning to aggressively mature. Our FOREST
and BladeRack platforms are being deployed worldwide through our
outstanding partner network, and we are seeing strong levels of interest
and demand for both. The additional capital puts us in an excellent
position for extended growth and success."