Unitrends, a leading provider of innovative, integrated solutions that protect and restore critical data and systems, today announced completion of a $9 million round of Series C financing. Paladin Capital Group led the round, which also included participation from other Unitrends venture investors, including the Aurora Funds, Harbert Venture Partners, and the Trelys Funds.
Unitrends will use this investment to fuel additional research and development, bolster its partner marketing programs and strengthen its sales and support organizations. Strong market demand is being driven by the increasing need for integrated, easy to manage data protection, disaster recovery and vaulting solutions.
“Data protection, business continuity and disaster recovery repeatedly rank as top priorities for IT leaders worldwide. We believe that Unitrends’ approach to delivering integrated solutions with advanced features in an easy-to-use appliance model is smart and needed in today’s data-intensive business environment,” said Philip Eliot, principal, Paladin Capital Group. “Given the persistent demand for reliable data protection and recovery solutions, we are especially pleased to include Unitrends in our portfolio.”
“Small and mid-sized businesses are particularly challenged to find reliable and affordable data protection and recovery solutions. Since day one, our commitment has been to deliver cost-effective solutions that meet the needs of end users, providing advanced features in an easy to install, easy-to-use, and highly reliable system,” said Duncan McPherson, chief executive officer, Unitrends. “This funding round enables a new phase in the growth of our company, and provides significant flexibility and resources with which to advance Unitrends’ industry-leading suite of fully integrated data protection and disaster recovery products and services.”
Unitrends’ Data Protection and Rapid Recovery solutions provide enhanced IT systems management, virtualization capabilities and an advanced features set that includes:
- Local appliance-based protection of all files and folders on a company’s servers, desktops and laptops.
- BareMetal recovery that rapidly and seamlessly restores a system’s complete environment – including the operating system, applications and all user data and files.
- The ability to electronically “vault” backups to a secondary, remote location for true disaster protection.
- An integrated Centralized Management Console allowing the management of multiple Unitrends data protection appliances and remote vaults from a single console, including an intuitive user interface, recovery and configuration tools for ease of use and status reporting.
- Support for more than 30 operating systems.
About Unitrends
Unitrends is a leading provider of innovative, integrated solutions that protect and restore critical data and systems. Unitrends’ family of disk-to-disk backup appliances provides unmatched protection and rapid recovery of lost systems, applications and data. The company’s local backup and off-site vaulting appliances eliminate the need for multi-vendor software and hardware, and deliver an integrated solution that is affordable for small- and medium-sized enterprises. Information about Unitrends can be found at http://www.unitrends.com.
About Paladin Capital Group
Headquartered in Washington, D.C., Paladin Capital Group is a premier private equity firm that provides expansion capital for growing companies. Paladin has over $800 million under management and operates three funds with over thirty portfolio companies. Paladin's Fund III invests in enterprises whose principal business centers on products and services that address homeland security issues and needs. Importantly, the fund's leadership comprises individuals with a proven track record of financial expertise, national security experience and specialized technical competence. For more information, see www.paladincapgroup.com.
Contacts:
Linda Dellett, 303-439-9398
Unitrends@igniteconsultinginc.com
