Free press releases distribution network?

Agency / Source: QuorumLabs, Inc.

Check Ads Availability|e-mail Article


Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!



Quorum Raises $10 Million in Series C Funding | Efforts to Meet Growing Demand for Innovative DRaaS Solutions - Quorum Raises $10 Million in Funding - Quorum.net
Quorum Raises $10 Million in Series C Funding | Efforts to Meet Growing Demand for Innovative DRaaS Solutions

 

PRZOOM - /newswire/ - San Jose, CA, United States, 2013/11/12 - Quorum Raises $10 Million in Funding - Quorum.net.

   
 
Your Banner Ad Here instead - Showing along with ALL Articles covering IT Services/Network Management Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

Led by Toba Capital, Series C Round Will Support Company's Continuing Efforts to Meet Growing Demand for Innovative DRaaS Solutions.

Quorum®, the leading provider of one-click backup, recovery and continuity for the midmarket, today announced that it has raised $10 million in Series C funding to support the company's momentum in the DRaaS market. The round was led by Toba Capital and joined by Airtek Capital Group and angel investors.

Like the Series B round completed in March, proceeds from this funding round will be used to expand sales and marketing of Quorum's one-click backup, recovery, and continuity appliance and DRaaS solutions. Monies will also be set aside to support engineering with additional headcount to increase productivity as demand grows.

This latest round of funding is marked by a shift in leadership and an addition to its board that reflect the company's rapid and aggressive growth. Walter Angerer, a venture partner at Toba Capital, has stepped in as interim CEO, bringing with him extensive experience in the disaster recovery industry, as well as a penchant for innovation that falls in line with Quorum's own. Prior to his position at Toba Capital, Angerer served as senior vice president and general manager for Quest Data Protection. Angerer also held a number of positions at Symantec, including vice president responsible for NetBackup engineering. In his new role, Angerer will focus on increasing Quorum's momentum in the market to help expand sales and strengthen the company.

In addition, Paul Sallaberry will join Quorum's board of directors, bringing with him decades of experience in helping early-stage companies achieve exponential growth. Over the years, Sallaberry has served on a number of boards, including Quest Software, Acquia and Moovweb. His expertise in worldwide sales, marketing and services will help drive forward Quorum's one-click backup, recovery and continuity technology as the company prepares for its next phase of growth. And, indeed, there is no question that growth is on the horizon: According to market research company MarketandMarkets, the global DRaaS and BC market is estimated to grow from $640.8 million this year to $5.77 billion by 2018. This represents a CAGR of 55.2 percent over the time period.

"The demand for innovative disaster recovery solutions that minimize downtime is fueling unprecedented growth in the DRaaS market," said Angerer. "The new funding means we can focus additional efforts on advancing our DRaaS and appliance solutions and increasing our market presence globally to adequately meet this opportunity."

Quorum's unique one-click backup, recovery and continuity DRaaS and appliance solutions have been lauded by industry luminaries as "disruptive," challenging traditional disaster recovery solutions from the likes of Symantec, EMC and other legacy players. Indeed, Quorum's ability to provide assured, one-click recovery in minutes is a boon to midmarket businesses, for which one hour of downtime can cost almost $216,000, according to Aberdeen Group.

About Quorum

Quorum® (quorum.net) provides assured, one-click backup, recovery and continuity, helping businesses safeguard their revenue, customers and reputation. The award-winning Quorum series of appliance and hybrid cloud solutions makes continuity a reality for the mid-market, letting them recover from any type of disaster within minutes. Most importantly, Quorum is simple and cost-effective. If your company avoids just 30 minutes of downtime, the Quorum solution pays for itself. The company is headquartered in San Jose, Calif.

Quorum, One-Click Recovery and the Quorum logo are trademarks or registered trademarks of Quorum, Inc. in the United States and other countries.

 
 
Your Banner Ad Here instead - Showing along with ALL Articles covering IT Services/Network Management Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

Agency / Source: QuorumLabs, Inc.

 
 

Availability: All Regions (Including Int'l)

 

Traffic Booster: [/] Quick PRZOOM - Press & Newswire Visibility Checker

 

Distribution / Indexing: [+] / [Company listed above is a registered member of our network. Content made possible by PRZOOM / PRTODAY indexing services]

 
 
# # #
 
 
  Your Banner Ad showing on ALL
IT Services/Network Management articles,
CATCH Visitors via Your Competitors Announcements!


Quorum Raises $10 Million in Series C Funding | Efforts to Meet Growing Demand for Innovative DRaaS Solutions

Company website links NOT available to basic submissions
It is OK to republish and/or LINK any newswire for any legitimate media purpose as long as you name PRZOOM - Press & Newswire and LINK as the source.
 
  For more information, please visit:
Is this your article? Activate ALL web links by Upgrading to Press Release PREMIUM Plan Now!
|
Contact: Sammy Totah - BOCA Communications for Quorum 
415-738-7718 quorum[.]bocacommunications.com
 
PRZOOM / PRTODAY - Newswire Today disclaims any content contained in this article. If you need/wish to contact the company who published the current release, you will need to contact them - NOT us. Issuers of articles are solely responsible for the accuracy of their content. Our complete disclaimer appears here.
IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any QuorumLabs, Inc. securities in any jurisdiction including any other companies listed or named in this release.

IT Services/Network Management via RSSAdd NewswireToday - PRZOOM Headline News to FeedBurner
Find who RetweetFollow @NewswireTODAY



Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!




Read Latest Press Releases From QuorumLabs, Inc. / Company Profile


Read IT Services/Network Management Most Recent Related Press Releases:

Columbia College Chicago Builds E-Learning Network on ADVA FSP 3000
Strategic Integration Partners Significantly Increases Cloud Sales 200% with The Evolve IP OneCloud™
AlgoMatch and Arista 7160 Series Drive Advanced Network Enforcement
DigitalRoute to Attend TM Forum Asia on December 7-8 in Singapore
Evolve IP Honored with BroadSoft ‘Game Changer’ Award
ADVA Optical Networking Introduces Ensemble SmartWAN to Accelerate Virtualized SD-WAN
NEC Enhances Security At The 2016 APEC Economic Leaders' Week in Peru
Philip Linehan Joins EDTS as Sales Executive in Carolinas, Georgia
Multipharma Signs Five-year Contract with Damovo for Transformation Towards New Way of Working
Marcus by Goldman Sachs Deploys Finacle Solution on Cloud for its New Online Lending Business

Boost Your Social Network
& Crowdfunding Campaigns


LIFETIME SOCIAL MEDIA WALL
 
NewswireToday Celebrates 10 Years in Business
Find business coaching, life coaching, executive coaching and corporate coaching, best selling coaching books, ...



PREMIUM Members


Visit  Triggr & Bloom

Visit  La Bella Bakery Artisan Bakery Arizona

Visit  BizJobs.com







 
  ©2016 PRZOOM — Limelon Advertising, Co.
Home | About PRZOOM | Advertise/Pricing | Contact | Investors | Privacy/TOS | Sitemap | FRANCAIS
newswire, PR free press releases distribution service magazines engine news alert newsroom press room breaking news public relations articles company news alerts newswiredistribution ezine bizentrepreneur biznewstoday digital business report market search pr firms agencies reports distri-bution today investor relation successful internet entrepreneur newswire distribution prtoday.com freenewswiredistribution asianewstoday bizwiretoday USA pr UK today