International Investor Adds $2.7 Million to Intransa
Entrepia Ventures invests, gains board seat
SAN JOSE, California — April 2, 2007
Intransa, the global innovator of network-centric IP storage solutions, today announced new funding from international investor Entrepia Ventures.
“This completes our current financing effort,” stated Bud Broomhead, CEO of Intransa. “I am extremely excited about having a global investor like Entrepia join Intransa, demonstrating the growing impact of our technology worldwide.” Intransa received additional investment in the fourth quarter of 2006 from Guggenheim Venture Partners, Menlo Ventures and US Venture Partners, for a combined total of more than $12 million.
Entrepia president Amit Srivastava joins the Intransa board of directors following this investment. “Intransa‘s next generation IP storage technology is already being adopted by customers in high growth markets such as video surveillance, IPTV, video on demand, medical imaging, and data warehousing,” said Srivastava. “Entrepia seeks to invest in companies with rapid growth potential, and only Intransa has the technology to address all these high growth markets and leverage their existing domestic and international customer base and partnerships to ensure success.”
Intransa has been shipping IP storage solutions since 2003 to customers around the world, and recently launched its latest generation systems, offering higher speed 2Gbit/second interfaces. A 10Gbit/second IP version, for ultra high performance requirements that exceed those previously addressed only by more costly and complex Fibre Channel systems, is in beta test with several customers.
“The new 2Gbit and 10Gbit technologies from Intransa enable a whole range of new applications that previously were limited by the cost and complexity of direct attached storage or Fibre Channel storage area networks,” continued Broomhead. “The ability to scale performance by adding additional Intransa storage controllers will meet a variety of application needs, while the matching ability to scale capacity independently by adding storage enclosures addresses an entirely different set of customer requirements. Of the vendors in the storage area network market, only Intransa truly offers that flexibility.”
Intransa sought additional funding to better enable the worldwide launch of its next generation IP SAN product, which became generally available in March. Additional research and development efforts continue as customers find new markets and opportunities to deploy Intransa‘s advanced, scalable IP SAN solutions, purchased through StorPartner program members worldwide.
About Entrepia
Entrepia Ventures offers venture capital financing for private, technology-based, expansion-stage companies that stand to benefit from market or technology affiliation with Japan. Operating out of offices in New York, San Jose, Montreal and Tokyo, the Entrepia Group actively helps generate international revenue for its portfolio companies by leveraging its access, hands-on approach, on-the-ground presence, and relationships in Asia. Increasingly recognized as the "Go-to-Japan" fund, Entrepia assists its portfolio companies to become more competitive and successful through incremental top-line growth. For more information, please visit www.entrepia.com.
About Intransa
Intransa, Inc. is the leading innovator of simple, green Video Data Management and Retention (VDMR) solutions for future-proof, affordable surveillance and other physical security requirements.
The Intransa VideoAppliance™ family comes ready-to-run, eliminating the complexity, cost and ongoing support challenge of integrating commodity hardware with video management systems. Each appliance comes preloaded with the choice of leading video management system, including those from Exacq Technologies, Genetec Omnicast, JDS Digital Security Systems, Milestone Systems and On-Net Surveillance Systems, Inc. (OnSSI).
Intransa solutions are ideal for new IP solutions in support of cameras, open NVRs, VMS and PSIM systems, or to upgrade and extend the life of existing CCTV DVRs, improving video retention capacity and quality while eliminating the risk of lost recordings. All of our scalable and modular solutions cut electrical, heating and cooling consumption, shrink the amount of rack space and equipment needed, and reduce the purchase and operational cost of physical security systems.
Launched as a spin-off from Fortune 500 member and networking pioneer 3Com, our advanced, patented technology is certified with more than 150 physical security, imaging and technology products by the StorAlliance Technology Labs. Alliance products include DVRs, NVRs, video management systems, IP and megapixel surveillance cameras, physical security information managers, infrastructure, video analytics, utilities, authentication, access control, imaging, and biometrics.
Intransa supports industry standards and green technology, and are members of the Security Industry Association, the American Correctional Association, the National Retail Federation, the Green Grid consortium for advancing energy efficiency in computing ecosystems, and the Storage Networking Industry Association and its Green Storage Initiative. Intransa employees are also supporters and members of the American Society of Industrial Security (ASIS) International and the ASIS Physical Security Council.
Since 2003, Intransa solutions have benefited customers worldwide in an ever growing mix of hotels and casinos, correctional facilities, police departments and law enforcement agencies, financial institutions and insurance providers, airports, hospitals and medical centers, managed service providers, telecommunications vendors, retailers and shopping centers, auto dealers, transit authorities, ports and shipping hubs, pharmaceutical makers, Native American organizations, colleges, universities and school districts, digital entertainment providers, energy, utilities and resources companies, and a wide variety of government users.
For more information about Intransa, to locate an authorized dealer or integrator offering Intransa solutions, or to join the StorAlliance, please visit us at www.intransa.com.
Media contacts:
Kathleen Bermea-Sullivan
Ignite Public Relations & Investor Relations Consulting
Phone: +1 (720) 480-5501
E-mail:
Jeff N Whitney
Vice President, Marketing & Business Development,
Intransa, Inc.
Phone: +1 (408) 678-8719
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