Zmanda to Capitalize on Increasing Demand for Affordable, Business-Ready Open Source Software
Open Source Business Conference (OSBC), San Francisco – (May 22, 2007) – Zmanda™, the leader in open source backup and recovery software, today announced that it has secured $8 million in its Series B round of funding. Led by Helion Venture Partners, current investors BlueRun Ventures and Canaan Partners also participated in the round. Zmanda will use the funds for continued research and development and business expansion to meet the increasing demand for affordable, enterprise-grade open source backup software.
"We're delighted that Zmanda's strong market opportunity and product strategy has attracted new backing from Helion as well as continued participation by Blue Run and Canaan," said Chander Kant, CEO at Zmanda. "Our business-ready backup solutions have been enthusiastically embraced by database and system administrators looking for high value, scalable and easy-to-use solutions. The additional investment will help us expand as Zmanda’s solutions for commercial backup and data protection become even more broadly adopted."
Zmanda addresses the growing need for business-ready open source solutions for critical operational tasks such as data backup and recovery. The company's Amanda Enterprise Edition is a commercial-grade version of the popular open source Amanda backup and recovery technology. Zmanda also offers Zmanda Recovery Manager (ZRM) for MySQL, the only comprehensive, enterprise-class backup and recovery solution designed specifically for MySQL databases. Amanda Enterprise and ZRM are both available as part of a subscription to the Zmanda Network, a suite of software and services for enterprise-class, open source backup and recovery.
"Storing, protecting and retrieving critical corporate data is becoming a top priority for businesses, but enterprise-grade backup and recovery solutions are often too costly and complex," commented Ashish Gupta, managing director at Helion, who joins Zmanda’s board of directors. "Zmanda fills a 'sweet spot' in the market, at the intersection of rising open source acceptance and the need for new backup software. We're thrilled to support them as they take the company to the next level."
Peter Buhl, partner at BlueRun Ventures, noted, "We have been extremely pleased with Zmanda's execution on both product and business development fronts. We are confident that Zmanda has the expertise and momentum to capitalize on the opportunity to
cost-effectively and securely protect corporate information."
"Canaan is proud to be a continuing investor in Zmanda," said Deepak Kamra, general partner at Canaan Partners. ”We are actively investing in this growing and very promising open source market and Zmanda is certainly an exciting new breed of company that is giving back to the open source community while also building a profitable, sustainable business."
Zmanda was founded in September 2005 to bring the benefits of open source software to the data protection market. The company's flagship offering is the Zmanda Network, a suite of enterprise software and services based on the world's most popular open source data backup and recovery technology, Amanda. Zmanda is committed to enabling the widespread adoption of open source data protection solutions in the enterprise. Zmanda's corporate leadership includes veteran executives with experience in enterprise storage and open source software. The company's headquarters are located in Sunnyvale, California. For more information about Zmanda, please go to www.zmanda.com.