Insight Venture Partners and Updata Partners invest $30 Mn in DataCore

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Florida: DataCore Software, a vendor of hardware independent, storage virtualization software, has announced that it has accepted a $30 million equity investment from Insight Venture Partners and Updata Partners. "Insight Venture Partners has built its reputation on finding and investing in companies poised for tremendous success in the industries in which we specialize," said Jeff Horing, Managing Director, Insight Venture Partners. "DataCore is perfectly positioned as the virtual storage foundation for all server and desktop virtualization platforms, regardless of vendor. We believe that storage virtualization will eventually be as big as server virtualization and that DataCore will be the big beneficiary of this trend," he added. "DataCore has gained global customer traction with superior storage virtualization and storage management solutions," said Barry Goldsmith, General Partner, Updata Partners. Insight Venture Partners is a private equity and venture capital firm focused on the global software and Internet industries. Updata Partners is an information technology-focused venture capital firm whose general partners have been active as investors and operators in the IT industry for more than two decades.
Source: IANS
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