NEW YORK - September 20, 2004 - Enigmatec Corporation, a provider of execution management software for the next generation of data center, today announced that it has secured $6 million in a third round of funding, bringing its total venture capital infusion to over $11 million. The new funding will be used to support go-to-market activities and continued product development.
"We are excited about advancements in orchestration management," said Bill Sayles, general manager of Intel's Manageability Architecture and Products Division. "Software, like Enigmatec's EMS, can dramatically reduce IT operational costs as well as business downtime."
Original investors Amadeus Capital, Pentech Ventures and new investor Intel
Capital participated in the financing round. In addition to Intel Capital's
funding of Enigmatec, the two technology firms plan to work together to develop specific features within Enigmatec's software that leverage platform management capabilities developed within the Intel® Cross-Platform Manageability Program (Intel® CPMP).
"We are pleased that Intel Capital has joined our existing investors and believe that by using the enhanced platform management capabilities developed within Intel® CPMP, EMS will increase the resilience and efficiency of next-generation data centers", says Indra Mohan, Chief Executive Officer of Enigmatec Corporation. "With this new funding, we look forward to enhancing our product suite and making future technological contributions."
Founded in 2001, Enigmatec Corporation offers a strategic software management layer between the business processes that drive an enterprise and the IT resources required to execute them. Its Execution Management System (EMS) is policy-based software that automatically and proactively orchestrates the execution of applications in a distributed environment, ensuring increased resource utilization and application availability.
"We have supported this company since its inception over two years ago and
watched it grow an excellent management team around a great technology team
and strong IP," said Laurence John CEO Amadeus Mobile Seed Fund. "It's
encouraging to see such market interest in Enigmatec's offering and Amadeus
Capital is delighted to have the chance to lead this round of funding. As a
result, Enigmatec will have additional leverage needed to take its products
to market and establish a stronghold in the industry. This will be an exciting company to watch over the coming year."