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08/23/2007
Enterprise data protection solutions provider Diligent secured $10.5 million
Diligent Technologies, a provider of enterprise-class de-duplication and data protection solutions, has secured $10.5 million from Eastward Capital, Matrix, Accel and Gemini. The Series D funding is bringing the total amount raised to date by Diligent to $46.5 million.
“We are experiencing a significant and rapid increase in demand for our ProtecTIER enterprise data deduplication platform, said Doron Kempel, Chairman and CEO of Diligent. “In order to meet this demand, we raised funds that will allow us to increase our coverage in the field, enhance and accelerate our R&D plans as well as meet the demands of new Tier 1 and Tier 2 distribution partners that we will soon announce.”
Diligent is offering an enterprise-class disk-based data protection solution that enables customers to effectively increase the capacity of disk systems by 25 times or more. Since it became generally available in January 2006, Diligent’s ProtecTIER Data Protection Platform has been increasingly installed in the world’s Fortune 1000 data centers.
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14:25 Posted in Storage | Permalink | Comments (0) | Email this | Tags: Eastward Capital, Matrix, Accel, Gemini, Enterprise data protection solutions, Diligent
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