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DataCore Software Raises $30 million
 

DataCore Software Raises $30 million

Tuesday Oct 30th 2001 by Network Storage Forum Staff

Vista Equity Partners, based in San Francisco, was the lead investor in DataCore's latest round of fund raising

DataCore Software Corporation, a provider of storage virtualization and networking software, today announced that it has raised over $30 million in its current round of funding.

The company said Vista Equity Partners, based in San Francisco, was the lead investor in the round. New Enterprise Associates and OneLiberty Ventures, the initial institutional investors, also made significant follow-up investments.

"DataCore has the most advanced storage virtualization and storage management offering in the market. Every user we contacted has achieved significant operational savings and a substantial return on investment. Satisfied customers, plus a growing list of major OEM and reseller relationships, made the investment decision in DataCore easy," stated Robert F. Smith, managing principal at Vista Equity Partners.

The company said it will use its funds to increase its customer base, grow and build upon major OEM and reseller relationships providing `Powered by DataCore(TM)' solutions to enterprise accounts and expand its global presence in North America, Europe and Asia.

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