Press Releases
Enigmatec secures $6m third round funding from Intel
September 2004
Enigmatec Corporation, a provider of execution management software for the next generation of data center, today announced that it has secured $6 million in a third round of funding, bringing its total venture capital infusion to over $11 million. The new funding will be used to support go-to-market activities and continued product development.
" We are excited about advancements in orchestration management," said Bill Sayles, general manager of Intel's Manageability Architecture and Products Division. "Software, like Enigmatec's EMS, can dramatically reduce IT operational costs as well as business downtime."
Original investors Amadeus Capital, Pentech Ventures and new investor Intel Capital participated in the financing round. In addition to Intel Capital's funding of Enigmatec, the two technology firms plan to work together to develop specific features within Enigmatec's software that leverage platform management capabilities developed within the Intel® Cross-Platform Manageability Program (Intel® CPMP).
" We are pleased that Intel Capital has joined our existing investors and believe that by using the enhanced platform management capabilities developed within Intel® CPMP, EMS will increase the resilience and efficiency of next-generation data centers", says Indra Mohan, Chief Executive Officer of Enigmatec Corporation. "With this new funding, we look forward to enhancing our product suite and making future technological contributions."
Founded in 2001, Enigmatec Corporation offers a strategic software management layer between the business processes that drive an enterprise and the IT resources required to execute them. Its Execution Management System (EMS) is policy-based software that automatically and proactively orchestrates the execution of applications in a distributed environment, ensuring increased resource utilization and application availability.
