Inovawave Raises $7.2M More
InovaWave, an Austin based company that develops software for optimizing and managing virtual environments, recently raised an additional $7.2 million through a Series B financing. Matrix Partners, which has offices in Boston and Silicon Valley, lead the investment, while Silverton Partners, which lead the Series A round, also participated. In connection with the financing, Chris Ostertag, a veteran of several Austin start-ups including Waveset Technologies and Tivoli Systems Inc., was appointed CEO.
The financing follows on the footsteps of InovaWave having its DXtreme for Windows product named in June as a winner of the "Best of TechEd Awards 2007" in the Windows Server Infrastructure category by Penton Media’s Windows IT Pro®, SQL Server Magazine® and Office & Sharepoint Pro.com.
Filed under: Deals
[...] summer the company raised $7.2M in serries B round of financing. Share and Enjoy: These icons link to social bookmarking sites [...]
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