Scale Computing Closes $18 Million Funding Round
INDIANAPOLIS, July 15, 2015 /PRNewswire/ — Scale Computing, the leading provider of hyperconverged solutions, today announced that it has closed on an $18 million funding round. Funds will be used to help quickly deliver innovative new products to global customers, as the company continues to drive market adoption of hyperconvergence in the midmarket. Financing was led by ABS Capital Partners, a leading investor in later-stage growth companies. ABS Capital general partners Laura Witt and Bobby Goswami will join the company’s board of directors.
“Our focus remains on providing organizations with hyperconverged solutions that will allow them to reduce operational complexity, respond quicker to business issues and dramatically reduce costs,” said Jeff Ready, CEO at Scale Computing. “The investment made by ABS Capital allows us to escalate our business plan and further penetrate the midmarket with these solutions. We are pleased to work together with ABS Capital as we enter into this next growth phase of our company.”
Scale provides hyper-converged solutions in which storage, servers, and virtualization software are integrated into an all-in-one appliance-based system that is scalable, self-healing, and as easy to manage as a single server. Installation takes less than an hour, and can be expanded and upgraded with no downtime. This architecture brings simplicity, high availability and scalability together into the datacenter, driving adoption of virtualization and storage technology in the midmarket. This is a market where IT departments are spread thin supporting the infrastructure and the critical applications running those environments in addition to the day-to-day help desk support.
“Companies in the midmarket need a storage and compute environment that is highly available without the complexity associated with traditional architectures,” said Laura Witt, General Partner of ABS Capital. “We believe that Scale Computing has the ability to deliver these benefits in a virtualized environment across a number of industries. Our investment in Scale Computing is intended to help them implement growth strategies that will better allow them to deliver their innovative solutions quickly to midmarket organizations around the world.”
With no virtualization software to license and no external storage to buy, Scale Computing’s HC3® systems lower out-of-pocket costs and radically simplify the infrastructure needed to keep applications running. HC3 products make the deployment and management of a highly available and scalable infrastructure as easy to manage as a single server. The company currently has over 1,000 customers deployed across a number of verticals including health care, education, manufacturing, financial services, and government, and is expanding its distribution network with partners such as CDW and Dell.
About Scale Computing
Scale Computing integrates storage, servers, and virtualization software into an all-in-one appliance based system that is scalable, self-healing, and as easy to manage as a single server. Using industry standard components, the HC3 appliances install in under an hour, and can be expanded and upgraded with no downtime. High availability insulates the user from any disk or server failure and a unified management capability driven by the patented HyperCore Software™, efficiently integrates all functionality. The result is a data center solution that reduces operational complexity, allows a faster response to business issues, and dramatically reduces costs. For more information, call 877-SCALE-59 or visit www.scalecomputing.com.
About ABS Capital Partners
For 25 years, ABS Capital has been investing in later-stage growth companies, helping CEOs capitalize on new opportunities and navigate unforeseen obstacles – while never losing sight of the ultimate goal of achieving lasting excellence. Our partners have decades of experience as C-level executives, investment bankers and investors in the industries we invest in: business and education services, information and communications technology, and health care. This combination of experience and expertise means we have a laser-focus on the specific needs growth companies face as they look to get to the next level. By helping to transform over 110 companies through their most important stage of development, ABS continues to help unleash the potential for lasting growth. ABS Capital Partners. Here, we grow. For more information, visit www.abscapital.com.