|| ||Sharon Smith <linuxpr-AT-yahoo.com>|
|| ||News Item: rPath Continues Momentum with Addition of $9.1M in Funding|
|| ||Wed, 31 Jan 2007 09:08:39 -0800 (PST)|
rPath Continues Momentum with Addition of $9.1M in Funding Key Client Wins
and Online Community Growth Drive Expansion
RALEIGH, NC (January 30, 2007) - rPath, provider of the first platform for
creating and maintaining software appliances, today announced several
milestones that highlight continued acceleration of software appliances as
the most important emerging category for software application distribution
$9.1 million venture funding
The company's recent closing of a $9.1 million round of venture financing
is the second vote of support from the company's existing backers.
Investors in the Series B round are General Catalyst, North Bridge Venture
Partners, and Wakefield Group. The company plans to use this new capital to
expand its market leading position as the provider of technology for creating
and maintaining software appliances.
"Interest in software and virtual appliances has exploded over the last
year, and we are thrilled to be part of the driving force behind this
revolution," said Billy Marshall, rPath founder and CEO. "We will continue
to drive software appliance innovations that enable application providers to
grow license sales and serve new markets."
Software appliances represent a new opportunity for Independent Software
Vendors (ISVs) to increase new license sales, serve new markets, and expand
channel opportunities by simplifying the customer experience. With software
appliances, ISVs can ship thoroughly tested, standard configurations that
require minimal installation and maintenance effort - sparing customers the
complications of installing and maintaining multiple components to run the
application. Software applications that are easier to install and maintain
are also easier to sell.
Numerous Customer Wins
Since launching rBuilder in February 2006, rPath has signed numerous
clients including Digium, Ingres, agámi, Newbury Networks, Zimbra, and the US
Department of Energy.
Scott Dietzen, President and CTO at Zimbra states, "rBuilder allows us to
quickly and cost- effectively create a range of new software package
distributions that enable us to reach the largest audience. At Zimbra, we
wanted to ensure that our innovations are available to administrators who are
looking to run or test our software on a virtual, Linux or Mac server."
Surge in Downloads, New Projects, & Users
rBuilder Online (rBO), rPath's community for developers, grew to over
250,000 downloads in 2006. With over 5,000 projects and 8,000 users, the
community has become the most active catalog for software and virtual
appliances in the industry. rBuilder Online offers software and virtual
appliances in numerous categories including content management, VOIP, CRM,
network management, Wiki management, photo sharing, collaboration and many
more. Experience the simplicity of software appliances today at
Market Analyst Firm Predicts Growth
A recent report by IDC titled "Worldwide System Infrastructure Software
2007 Top 10 Predictions*", projects that Software Appliances will become a
household word over the coming year. According to Al Gillen, research vice
president of system software for IDC and co-author of this report, "The
convergence of virtual machines and a new initiative by several tool vendors
is giving birth to this new form of software packaging."
rPath added The Linux World Grid Computing Award to its growing list of
endorsements by technical and business organizations. Those awards include:
"One to Watch", Forbes Sneak Peak 2007
"Startup of the Year 2006", NC Center for Entrepreneurial Development
"Top 10 Open Source Companies to Watch", NetworkWorld '06
"Best Systems Management Tool", LinuxWorld '06
"Best Grid/Utility Computing Solution", LinuxWorld '06
Finalist, "Best Virtualization Solution", LinuxWorld '06
Finalist, "Best Open Source Solution", LinuxWorld '06
Finalist, "Red Herring's Top 100 in North America" '06
Finalist, "Early Stage Company of the Year", NC Technology Association '06
"One to Watch", Open Source Business Conference West '06
rBuilder and rPath Appliance Platform transform applications into software
appliances. Software appliances simplify server applications by eliminating
the hassles of installation, configuration, and maintenance. Independent
Software Vendors (ISVs) can expand their markets and simultaneously reduce
development and support costs by adopting the software appliance approach.
rPath is also the first and only company to automate support for all the
major virtualization formats. The company is headquartered in Raleigh, North
Carolina. For more information, visit http://www.rpath.com.
to post comments)