Amplidata Closes $6m Funding Round; Sees Big Future for Unbreakable Storage

Amplidata has completed a $6m funding round with investors Big Bang Ventures, Endeavour Vision and Swisscom Ventures.

2010-09-17

LOCHRISTI, BELGIUM, September 17, 2010 (Press-News.org) Amplidata has completed a $6m funding round with investors Big Bang Ventures, Endeavour Vision and Swisscom Ventures.

Amplidata provides unbreakable storage for use in high-availability, corporate or cloud data storage infrastructures. "We see that this market is accelerating rapidly," says Wim De Wispelaere, CEO and co-founder, "and the support of this international group of investors will strengthen our market position."

The company's BitSpread encoding technology is 10,000 times more reliable than conventional RAID storage at a tenth of the cost per terabyte. It easily scales up to tens of petabytes. By combining a series of energy-saving technologies, Amplidata's storage appliances need just 10W per terabyte of raw disk capacity, a five-fold saving compared with conventional storage.

Amplidata already has a successful OEM business across Europe and the US. This round of funding will allow the company to expand its sales and marketing operations into the US market. Swisscom Ventures' involvement shows that the solution is also of strategic relevance to telecom operators.

"Amplidata storage technology is disruptive in the best possible sense," says Frank Maene, Managing Partner at Big Bang Ventures. "Put simply, it is more cost-effective, more reliable and greener than competing storage solutions."

"Wim De Wispelaere and Wouter Van Eetvelde are innovators and industry veterans," adds Dominique Pitteloud, Senior Investment Director at Endeavour Vision. "It's an attractive investment because they're a strong team, with innovative solutions in a hot market."

Amplidata offers a new generation of scalable, highly available storage targeted at cloud computing applications. Addressing the need of both primary storage and backup, the Amplidata solution requires three times less disk storage, is five times more power-efficient than current solutions and is ten times less expensive. The company was founded in 2008 by Wim De Wispelaere (CEO) and Wouter Van Eetvelde (COO), two storage industry veterans, and high-tech visionary Kristof De Spiegeleer (Chairman). Amplidata is headquartered in Lochristi, Belgium, with business operations in Redwood City (CA), USA, and R&D operations in Germany, Egypt and India. For more information, see www.amplidata.com.

Big Bang Ventures is an early-stage venture capital fund for high-growth information technology companies. In addition to funding, Big Bang Ventures leverages its extensive operational experience and worldwide network to help startups accelerate their growth. The fund focuses on the ICT sectors of enterprise software/SAAS, digital media and e-commerce, gaming, mobile applications, infrastructure software and storage. For more information, see www.bbv.be.

Endeavour Vision combines a team of experienced venture capital professionals responsible for investments in over 80 companies in 12 countries in technology and life sciences since 1989. Our firm targets companies that have the potential to become global leaders. Beyond access to capital, Endeavour Vision brings years of experience, expertise and network to its entrepreneurs, plus a passion for success. For more information, see www.endeavourvision.com.

Swisscom Ventures is the corporate venturing arm of Swisscom AG - Switzerland's leading telecom operator. The group was founded in 2005 as a division of Swisscom's group level activities, and is focused on investing in early-stage growth companies with strategic relevance to Swisscom and its operating business lines.

Amplidata contact: Wim De Wispelaere, Amplidata NV, Antwerpsesteenweg 19, B-9080 Lochristi, Belgium. Tel: +32 9 324 25 90. Email: info@amplidata.com

Big Bang Ventures contact: Frank Maene, Managing Partner, Hummingbird Ventures, Rijnkaai 98, Hangar 26, B-2000, Antwerpen, Belgium. Tel: +32 477 20 17 82. Email: frank@bbv.be

Endeavour Vision contact: Dominique Pitteloud, Endeavour Vision SA, 6 rue de la Croix d'Or, 1204 Geneva, Switzerland. Tel: +41 22 544 6000. Email: dp@endeavourvision.com

Swisscom AG, Media Relations. Tel: +41 31 342 91 93. Email media@swisscom.com

ELSE PRESS RELEASES FROM THIS DATE:

San Mateo Dentist Uses Social Media Channels To Interact With Patients

2010-09-17

San Mateo dentist Dr. Charles Pascal has announced the recent launch of his practice's new social media sites. The dentistry's new Facebook and Twitter pages, two increasingly popular social media channels, were created in order to improve the practice's communication with current and potential patients on the Web. Social networking is fast becoming an important Internet tool for dentists. Now patients have the ability to participate in ongoing online conversations with their dentist and other Facebook followers; access photos and dental news; and share thoughts, questions ...

New Jackpot Jinni Slot Machine Making Wishes Come True at WinADayCasino.com

2010-09-17

WinADayCasino.com has put its own unique spin on the popular "genie" slot machine theme with the new Jackpot Jinni that launched this week on the site. Featuring a big blue genie, snake charmers and sultans the exotic new game is a five-reel slot with 18 pay lines, a bonus game and a special Cash Bonus symbol. WinADay is celebrating the launch of its latest one-of-a-kind slot machine with special bonuses, a free gift draw and an exclusive VIP bonus draw. Everyone that plays the new Jackpot Jinni 15 September to 22 September is automatically entered to win up to $500 ...

Get 30% Loyalty Back Bonus with Crazy Poker

2010-09-17

Players at Crazy Poker can now enjoy the benefits of their Loyalty, as Crazy Poker has gone nuts and is now giving players an extra 30% back every month of their Loyalty points. Players who have enjoyed the balmy rewards of playing at this off-the-wall casino know that from the moment they make their first deposit, they are rewarded with Bonuses and promotions that increase player enjoyment and entertainment from the word "go!" Trevor Penn, the manager and official spokesperson for Crazy Poker said, "We are thrilled that we can offer our players even greater incentives ...

Arizona BAC Consent: Easy as ABC?

2010-09-17

According to the Maricopa County Attorney, there were nearly 40,000 arrests for driving under the influence in Arizona in 2008. Authorities are serious about keeping impaired drivers off the road and Arizona's DUI laws are some of the toughest in the country. Like many other states, Arizona has enacted an implied consent to alcohol or drug test law. And while this law takes away drivers' right to refuse a test without penalty, a recent decision by the court of appeals indicates that it does not eliminate their power to refuse. DUI in AZ DUI is an offense that is ...

NTSB Issues Safety Recommendation Based on 2001 Airline Crash Near JFK

2010-09-17

The National Transportation Safety Board (NTSB) recently issued a safety recommendation to the European Aviation Safety Agency (EASA) regarding the November 2001 crash of an American Airlines Airbus near JFK. The crash of Flight 587, which was flying to the Dominican Republic, took the lives of all 260 passengers and crew, as well as five people in Belle Harbor, a neighborhood in Queens. While all such airline crashes are tragic, this one was particularly devastating, coming just two months after the horror of 9/11 and just a few miles from Ground Zero. Flight 587 encountered ...

Privatizing Alcohol Sales Will Not Increase Drunk Driving Accidents

2010-09-17

Currently, Governor Bob McDonnell is promoting a proposal to privatize the sale of alcohol in Virginia. Under this proposal, the state would sell the 332 state-run liquor stores and release as many as 1000 licenses authorizing the sale of alcohol. The proposal would privatize all aspects of alcohol sales, from wholesale to distribution to retail. As a result, Virginians would be able to purchase alcohol at private liquor stores, convenience stores and grocery stores. The Governor has presented this proposal as a means of improving Virginia roads without raising taxes; ...

New Law Provides Greater Protections for Incapacitated Individuals

2010-09-17

If you become unable to express your wishes regarding your health care and treatment, who gets to make these decisions for you? In New York, the answer to this question has recently changed for many people. Health Care Proxy vs. No Healthy Care Proxy For those who have a health care proxy, the answer is straightforward and has not changed. A health care proxy allows a person to designate a surrogate decision maker who will be responsible for treatment decisions if he or she is incapacitated. However, according to a New York Senate press release, only 20 percent of ...

Fannie Mae, Freddie Mac and the U.S. Homeowner

2010-09-17

Life, liberty and the pursuit of happiness: whether Jefferson's original intent or not, many have come to equate the pursuit of happiness with the pursuit of property ownership. The national foreclosure crisis has offered a rude awakening from those dreams for many Americans. Recently, according to Fox, Trenton Mayor Tony Mack's home was foreclosed and Beneficial Mortgage won a judgment against Mack for $320,000. The Associated Press says the national foreclosure rate in July 2010 was one in 62 homes. While the Obama administration is attempting to restructure government-sponsored ...

Debenhams Reveals Men's Age of Invisibility Increased by at Least a Decade

2010-09-17

Debenhams has revealed that the age at which men become 'invisible' to women has advanced by at least a decade, according to new research* carried out by the retailer. Men can now win a woman's attention based on looks alone up until they are 55 years old. Just 30 years ago, few women would have found any man over 45 years old worth a second glance, rendering them effectively invisible at any gathering. Ruth Attridge, Debenhams' spokeswoman, said: "Older men are now remaining more attractive to women for longer than ever before. "They are increasingly seen as ...

House of Fraser Unveils Daisy Lowe as the Face of Biba

2010-09-17

House of Fraser has revealed that the new Biba collection with be available both in stores and online, with Daisy Lowe being the face of the brand. The British model is famed for gracing the catwalks of Vivienne Westwood and PPQ, and also featured in campaigns for Marc by Marc Jacobs, DKNY and Louis Vuitton. September 2010 sees the much-anticipated re-launch of the globally iconic Biba clothing brand. The collection of women's apparel, accessories and jewellery takes inspiration from the original Biba themes of 1930's Hollywood glamour, synonymous with signature prints, ...

Amplidata Closes $6m Funding Round; Sees Big Future for Unbreakable Storage

ELSE PRESS RELEASES FROM THIS DATE:

LAST 30 PRESS RELEASES: