InMage Systems Garners $15,000,000 Series C Funding

Feed Type
Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=cfbb6e6c-f69f-4ff2-b3da-094ee878b68c&Preview=1
Date
9/24/2008
Company Name
InMage Systems
Mailing Address
3255-1 Scott Blvd Santa Clara, CA 95054
Company Description
InMage was founded to improve upon previous business continuity measures that relied on decades-old approaches. Our mission is to ensure that business-critical data is always available, locally and/or at remote sites, in a cost-effective, scalable, non-disruptive and future-proof manner.
Website
http://www.inmage.com
Transaction Type
Venture Equity
Transaction Amount
$15,000,000
Transaction Round
Series C
Proceeds Purposes
This investment will be used to expand InMage’s North American sales channels and accelerate worldwide expansion, with an emphasis in Europe, the Middle East and Africa (EMEA) and Asia-Pacific (APAC) regions. Funds will also be directed toward product development and engineering of DR-Scout, InMage’s flagship disaster recovery (DR) and business continuity software.
M&A Terms
Venture Investor
Intel Capital
Venture Investor
Hummer Winblad Venture Partners