Teradici completes C funding round with $17 Million
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Burnaby: Teradici, which delivers the true PC experience over standard IP networks, has completed a $17 million series C funding round for its PC-over-IP network-delivered computing technology. With network-delivered computing, users can work at inexpensive computer stations at any site, with all operating systems, applications, and data residing in central datacenters. Investors in the over-subscribed funding round include Telus Ventures, the venture arm of Telus, Alloy Ventures, GrowthWorks Capital, Skypoint Capital, BDC Venture Capital, and Alta Berkeley Venture Partners. Teradici will use the new funds to continue to market its ground-breaking enterprise PC-over-IP technology around the world and to develop a new offering for consumers and small businesses. Customers of the future service would be able to sit at any workspace in the office, remote office, or user�s home, log in to access their system and files from the central data center. Customers would have the option of using their own equipment or receiving terminals as part of their contracted service. "This is the start of an exciting new era in desktop computing," said Dan Cordingley, President and CEO, Teradici Corporation. "Consumers and small business owners will become part of the desktop virtualization revolution that is transforming large enterprises. They will benefit not only from lower costs, but will transfer the worry of software management and maintenance to their service provider."

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