Archivas Secures $10 Million in Series B Funding; Funds Intended for Further Development of Industry Leading Technology and Go-to-Market Plans
Summary
Archivas is developing an industry changing solution that lets customers store, protect and manage fixed-content data in a cost-effective and operationally efficient environment, and to do so indefinitely. "The rapidly declining cost of storage hardware, the exploding amount of fixed content, as well as ever-increasing regulatory compliance pressures, have forced new thinking when it comes to the delivery of archive solutions. Users are demanding that fixed content remain online, secure and available - and done at a very low cost," said Ray Paquet, Vice President and distinguished analyst, Gartner, Inc. "We are very impressed with Archivas uncompromising focus on what we believe to be one of the greatest challenges for todays enterprise data centers - an affordable, highly-available and secure online digital archive," said Harry A. George, co-founder and managing partner at Solstice Capital. "The extremely positive early customer response coupled with the tremendous market potential for this solution helped make our decision to invest in Archivas." Based in Waltham, MA, Archivas, Inc. software lets customers store, protect and manage fixed-content data in the most cost-effective and operationally efficient online environment available on the market today.
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