Uplogix Announces $10 Million in Additional Funding
Rapid market adoption of company's distinct secure remote management technology catches eye of leading global financial institution
Austin, TX (PRWEB) April 2, 2008
Uplogix, the leading provider of next-generation secure remote management (http://www. uplogix. com) (SRM) solutions, today announced it has received $10 million in funding from a group of new and existing investors. The investors include Citi (NYSE: C) (http://finance. yahoo. com/q? s=c), Adams Capital Management and other private investors including Fayez Sarofim & Co. Uplogix attracted the new investment dollars with its innovative remote management (http://www. uplogix. com/solutions) that enterprise customers worldwide are aggressively adopting as a critical component to their network and server infrastructure. Uplogix continues to gain global market momentum and industry recognition and will use the new capital to accelerate global expansion to meet customer demand.
Uplogix' award-winning architecture integrates an always-available, secure and intelligent direct connection to the remote devices it manages-like putting your most trusted IT administrator everywhere, all the time. In comparison, traditional network management tools are not equipped to automate routine maintenance and recovery tasks because they depend on the network being available, and thus rely on people to do the work. The Uplogix solution is a new approach that significantly reduces labor costs (http://www. uplogix. com/documents/cost_calculator. php) and allows IT professionals to focus on more critical responsibilities.
"We believe Uplogix has found its place in the emerging remote management space and has proven this belief by growing its revenues, customer base and global footprint," said Martin Neath, General Partner at Adams Capital Management. "Uplogix is based on a strong foundation of knowing what remote management problems occur within enterprise IT environments, and delivering against those challenges. They are an innovative company that is poised to capitalize on a rapidly growing market, and we are excited to further invest in their efforts and opportunity."
Uplogix has pioneered the industry's first SRM appliance that integrates critical Access, Control and Enforcement (http://www. uplogix. com/remote_management. php) (ACE) remote management functions to alleviate the risk, complexity and costs inherent in managing distributed IT infrastructures. Uplogix' next-generation of SRM solutions have been successfully deployed by respected enterprise organizations worldwide, including those in the financial services (http://www. uplogix. com/solutions/industry/financial. php), energy (http://www. uplogix. com/solutions/industry/energy. php), retail (http://www. uplogix. com/solutions/industry/retail. php), and healthcare (http://www. uplogix. com/solutions/industry/healthcare. php) industries.
"We couldn't be happier with how customers like Citi are adopting our technology," said Tom Goldman, CEO, Uplogix. "This commitment from our new and existing investors will help us continue to exceed market and customer expectations, and deliver a great solution to our clients and valuable return to our shareholders."
For more information about Uplogix, please visit www. uplogix. com.
About Citi
Citi, the leading global financial services company, has some 200 million customer accounts and does business in more than 100 countries, providing consumers, corporations, governments and institutions with a broad range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, and wealth management. Citi's major brands include Citibank, CitiFinancial, Primerica, Smith Barney, Nikko and Banamex. Additional information may be found at www. citigroup. com or www. citi. com.
About Adams Capital Management
Established in 1994, Adams Capital Management is a national venture capital firm noted for its domain expertise in disruptive technologies in the Information Technology, Semiconductor, Applied Materials and Network Infrastructure industries. ACM deploys a market-centric strategy to invest in emerging growth companies. With $810 million currently under management, ACM is an active lead investor, with four strategically located offices in Austin, Boston, Palo Alto, and Pittsburgh. For more information, visit www. acm. com.
About Uplogix
Uplogix provides the first fully-integrated remote management solution. Our co-located management appliances automate routine administration, maintenance and recovery tasks - securely and regardless of network availability. In comparison, traditional network and systems management requires multiple tools, relies on the network, and remains labor intensive. Uplogix puts the power of your most trusted IT administrator everywhere, all the time.
Uplogix is privately held and headquartered in Austin, Texas with European offices in London. For more information, please visit www. uplogix. com.
Uplogix, Inc. All Rights Reserved. Uplogix and their respective logos are trademarks of Uplogix, Inc. in the United States and other jurisdictions. All other company or product names mentioned are used only for identification purposes and may be trademarks or registered trademarks of their respective companies.
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